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Speaker 1: Bloomberg Audio Studios, podcasts, radio news.

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Speaker 2: This is the closing bell on this stock movers report

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Speaker 2: the company's making moves at the close of US trading,

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Speaker 2: with Carol Messer, Tim stenovek Romain Bostik, and Katie Greyfell.

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Speaker 3: All right, let's go back to the S and P

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Speaker 3: five hundred, if I may, and you've got most names,

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Speaker 3: no surprise, as we've seen really a riskne rally takeover

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Speaker 3: on this Wednesday, Katie, four hundred and twenty one names

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Speaker 3: to the upside, eighty one to the downside, and you've

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Speaker 3: got one unchanged.

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Speaker 4: Let's take a look at the sector level, because it

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Speaker 4: is so telling the fact that you have ten sectors

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Speaker 4: in the green up bright green. There the lone slice

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Speaker 4: it can I guess which one?

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Speaker 1: Yeah?

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Speaker 4: Please?

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Speaker 1: Oh, actual, it's right there on the screen.

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Speaker 4: Yeah, it's energy. It's down three point seven percent. Your

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Speaker 4: biggest gainer in terms of a percent change today was industrials.

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Speaker 4: That sector hired by about three point eight communication services, materials,

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Speaker 4: consumer discretionary. But still across the board, huge huge gains.

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Speaker 3: All Right, guys, let's go to some of the individual gainers,

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Speaker 3: if I may, just bringing up my list meta among them,

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Speaker 3: at its ties up about nine and a half percent,

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Speaker 3: finishing the day with a gain of about six and

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Speaker 3: a half percent, was a best performer among those. MAGS

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Speaker 3: seven A debuted its latest AI model. It's called muse Spark.

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Speaker 3: It was created by Meta Superintelligence Labs. Muse Spark will

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Speaker 3: power the Meta a chatbot and as a closed model,

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Speaker 3: meaning its design and code will not be made public,

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Speaker 3: unlike the company's prior open source strategy. We've seen Meta

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Speaker 3: and Zuckerberg Mark Zuckerberg really kind of refocus that company

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Speaker 3: on AI. The model is the first major test for

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Speaker 3: Zuckerberg's new AI lab and is seen by executives as

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Speaker 3: a refresh of Meta's AI strategy with several larger models

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Speaker 3: in development. So again some outperformance there. Who were just

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Speaker 3: kind of joking, right, And we've talked about this before,

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Speaker 3: the Meta metaverse. It's in the past. It's all now

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Speaker 3: about AI for this company. All right, let's talk about airlines, Katie.

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Speaker 3: You talked about what happened in the energy sector. A

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Speaker 3: couple of things going on in this space. If you

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Speaker 3: look at the S and P five hundred Supercomposite Airline Index,

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Speaker 3: all nine members were higher in today's trade the group

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Speaker 3: overall up five point seven percent. Delta also an outperformer,

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Speaker 3: up about three point seven percent. Delta expects to incur

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Speaker 3: more than two billion in higher fuel costs through June

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Speaker 3: because of the war US war in Iran, prompting the

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Speaker 3: carrier to tread carefully, stick though to its previous full

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Speaker 3: year profit forecast, so no update there the company, the

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Speaker 3: CEO at Bastian telling reporters that earlier that it's looking

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Speaker 3: to do more fare increases beyond what it is already.

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Speaker 3: Levied airline shares though globally surging today after President Trump

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Speaker 3: agreed to that two week ceasefire in exchange for Tehran

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Speaker 3: opening up the straight of horror moves. We know though

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Speaker 3: throughout the day we got pushed back from Iran, so

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Speaker 3: we're still kind of questioning where that is. But nonetheless

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Speaker 3: the group holding on for the most part it's gains

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Speaker 3: and then flip it on over to Levi Levi Straussen

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Speaker 3: company that one up ten percent in today's session, was

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Speaker 3: up as much as sixteen and a half percent intra day.

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Speaker 3: It's most in a year on an inter day basis.

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Speaker 3: Company boosted is adjusted earnings per share and revenue forecast

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Speaker 3: for the full year, also reported first quarter earnings and

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Speaker 3: sales at top estimates, and the company's CEO joining us

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Speaker 3: here earlier on Bloomberg Business Week and just saying that

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Speaker 3: all categories are doing really well and looks like the

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Speaker 3: momentum is expected to continue. We should put out the CFO,

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Speaker 3: longtime CFO there for about ten years, Harmeate saying he

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Speaker 3: is going to be transitioning away from the CFO position

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Speaker 3: and leave the company. But this is a guy that

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Speaker 3: really has been crucial to turning around this company and

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Speaker 3: really bringing it back as a public company.

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Speaker 5: Also wears a lot of DNUM like all tracks.

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Speaker 3: Yeah, don't we have denim on today?

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Speaker 1: Yeah?

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Speaker 5: I mean, but like the Levi's you know, the Levi's executives,

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Speaker 5: the Levi executives.

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Speaker 3: Yeah.

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Speaker 5: Anyway. One sector that did not do well today energy

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Speaker 5: Xon Mobil shares fell by four point seven percent. Energy

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Speaker 5: stocks fell after the US and Iran agreed to this

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Speaker 5: two week ceasefire in exchange for Tehran reopening the Strait

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Speaker 5: of Horn Moves. As you've been following all day, there

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Speaker 5: are questions about to what extent that cease fire is

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Speaker 5: holding and to what extent traffic is actually flowing through

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Speaker 5: the Strait meantime, Exon Mobil shares fell after it lost

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Speaker 5: six It sent outs that it lost six percent of

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Speaker 5: its global production in the first quarter due to the

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Speaker 5: war in Iran. The company said two LERG production lines

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Speaker 5: at a facility and cutter were damaged by Iranian missile

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Speaker 5: strikes and the damage will take a prolonged period to repair.

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Speaker 5: Also under pressure today where shares of fertilizer companies SEF

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Speaker 5: Industries fell by five point seven percent today. The two

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Speaker 5: week pause in the US and is really war on

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Speaker 5: Iran could lead to lower chemicals and fertilizer prices if

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Speaker 5: supply disruptions sparked by the war ease. CEF Industries is

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Speaker 5: a large producer of chemicals that go into fertilizer, including ammonia,

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Speaker 5: urea and more. A large producer of nitrogen based chemicals

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Speaker 5: that fell by five point seven percent today. And have

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Speaker 5: you guys ever been to Kura Sushi Tick or k

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Speaker 5: r us You have been?

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Speaker 3: Do it?

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Speaker 1: No?

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Speaker 3: Oh?

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Speaker 5: You haven't?

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Speaker 1: Okay?

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Speaker 5: Eighty eight locations, twenty two states in Washington, d c Romain.

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Speaker 5: Have you been?

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Speaker 1: I have not, but I've been following this story.

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Speaker 5: They've got hundreds of these locations around Japan and around

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Speaker 5: the world. It's like an automated sushi bar revolving. It's

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Speaker 5: it's yeah, it seems pretty cool.

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Speaker 1: Yeah, I've seen the one in DC. Yeah.

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Speaker 5: Yeah, shares tumbles.

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Speaker 1: You know, somebody you know, puts their hands on that

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Speaker 1: little dirty conveyor belt.

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Speaker 5: No, they put their hands on, they pull there's a lid,

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Speaker 5: you pull off the lid, you pull the plate out,

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Speaker 5: then you put the plate onto this conveyor belt when

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Speaker 5: you're done with it, and that counts the price.

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Speaker 4: You really researched this, you know.

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Speaker 5: Sometimes you got to watch YouTube videos at your desk.

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Speaker 5: Sometimes you got to do it for work.

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Speaker 4: Why is eighteen percent?

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Speaker 5: Shares fell the most in close to two years. The

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Speaker 5: company said that annual the company came out with its

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Speaker 5: annual guidance that disappointed some investors. Management set on the

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Speaker 5: call that given the war, it felt it was quote

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Speaker 5: prudent in terms of its guidance to just add the

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Speaker 5: upside from second quarter results, but not to extrapolate further

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Speaker 5: from that. So a little uncertainty about consumer spending as

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Speaker 5: a result of the macroeconomic backdrop.

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Speaker 1: And that is your update there on what's going on

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Speaker 1: in the sushi world. Just check in on yields once again.

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Speaker 1: When you look at where yields actually ended on the

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Speaker 1: day and you see that on change there on that

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Speaker 1: twenty year or there, it gets you a sense here

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Speaker 1: that nothing happened. But it was an incredibly volatile day.

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Speaker 1: We came into early this morning with a lot of

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Speaker 1: buying in the treasury, he says, in fact, a lot

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Speaker 1: of buying globally with regards to government bonds. At one point,

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Speaker 1: we saw the two year yield actually drop about six

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Speaker 1: basis points, and I think we saw the ten year

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Speaker 1: yield drop about four basis points, but of course that

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Speaker 1: was completely reversed as we move closer to the closing bell,

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Speaker 1: and we're basically on change across the board, as a

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Speaker 1: lot of people really questioning what actually comes next.

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Speaker 2: This Stock Movers report from Bloomberg Radio. Check back with

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Speaker 2: us throughout the day for the latest roundup of companies

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Speaker 2: making news on Wall Street and for the latest market

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Speaker 2: moving headlines. Listen to Bloomberg Radio Live, catch us on YouTube,

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