1 00:00:02,520 --> 00:00:07,040 Speaker 1: Bloomberg Audio Studios, podcasts, radio news. 2 00:00:09,920 --> 00:00:13,360 Speaker 2: This is the closing bell on the Stock Mover's report 3 00:00:13,600 --> 00:00:16,560 Speaker 2: the companies making moves at the close of US trading 4 00:00:16,800 --> 00:00:21,479 Speaker 2: with Carol Master, Tim Stenobeck, Romain Bostik, and Scarlet Foo. 5 00:00:22,760 --> 00:00:24,720 Speaker 3: Could check on the S and P five hundred guys, 6 00:00:24,760 --> 00:00:27,520 Speaker 3: most names in the index to the downside. We've got 7 00:00:27,560 --> 00:00:31,160 Speaker 3: three hundred and twenty nine excuse me, names losing ground 8 00:00:31,160 --> 00:00:33,159 Speaker 3: on this Friday, one hundred and seventy two. Scarlet to 9 00:00:33,200 --> 00:00:33,760 Speaker 3: the upside. 10 00:00:33,760 --> 00:00:36,320 Speaker 4: All right, let's take a look at our IMAP bus. 11 00:00:36,360 --> 00:00:38,960 Speaker 4: Eleven sectors in the S and P five hundred four 12 00:00:39,040 --> 00:00:42,000 Speaker 4: managed to finish higher. Unfortunately, they're all the smaller indexes, 13 00:00:42,240 --> 00:00:46,640 Speaker 4: so that's why there's a lot of red on that screen. Infotech, Communications, services, 14 00:00:46,680 --> 00:00:50,120 Speaker 4: and consumer discretionary. Those are the three sectors that the 15 00:00:50,240 --> 00:00:52,440 Speaker 4: mag seven are distributed THROUGHOUTE and they're down by at 16 00:00:52,520 --> 00:00:55,880 Speaker 4: least nine tens of one percent. You're better performing sectors utilities. 17 00:00:55,880 --> 00:00:57,800 Speaker 4: I heard alex I give them a shout out earlier. 18 00:00:57,920 --> 00:00:59,840 Speaker 4: What does that say when utilities are the best performing 19 00:01:00,600 --> 00:01:04,360 Speaker 4: on a day like today. A lot of movement sectors, So. 20 00:01:04,480 --> 00:01:07,520 Speaker 5: No, I'm sorry, President Trump designed executive orders on nuclear 21 00:01:07,600 --> 00:01:07,960 Speaker 5: that too. 22 00:01:08,040 --> 00:01:09,720 Speaker 4: Thirty one members of the S and P five Favorite 23 00:01:09,800 --> 00:01:10,920 Speaker 4: Utilities Index are higher. 24 00:01:11,040 --> 00:01:12,080 Speaker 3: You can hear my snoring. 25 00:01:12,240 --> 00:01:14,440 Speaker 5: Oh okay, yeah, but there were some fundamental news here. 26 00:01:14,480 --> 00:01:16,800 Speaker 3: Okay, well there was fundamental news. I mean, I'm going 27 00:01:16,880 --> 00:01:18,520 Speaker 3: to tell you. I was changing my gainers to the 28 00:01:18,600 --> 00:01:21,440 Speaker 3: last minute. Just ask our producer Meredith, because I was like, wait, 29 00:01:21,680 --> 00:01:22,200 Speaker 3: can I do this? 30 00:01:22,240 --> 00:01:22,800 Speaker 4: Can I do this? 31 00:01:23,440 --> 00:01:26,000 Speaker 3: All right? Constellation Energy, speaking of stuff out of the 32 00:01:26,040 --> 00:01:30,800 Speaker 3: White House, you did see nuclear power stocks, thank you, guys, soaring. 33 00:01:31,000 --> 00:01:33,360 Speaker 3: We did see President Trump signing that executive order. So 34 00:01:34,160 --> 00:01:37,120 Speaker 3: there was expectations, speculation earlier in the day. So a 35 00:01:37,240 --> 00:01:40,440 Speaker 3: name like Constellation Energy one of your top performers in 36 00:01:40,480 --> 00:01:44,600 Speaker 3: the NASDAQ one hundred rooms. Seriously, sorry, okay, you don't 37 00:01:44,640 --> 00:01:46,240 Speaker 3: know what you want to know what? All right, it's 38 00:01:46,319 --> 00:01:47,720 Speaker 3: up two percent in today's session. 39 00:01:47,800 --> 00:01:48,320 Speaker 2: Listen to this. 40 00:01:48,440 --> 00:01:51,160 Speaker 3: Our Bloomberg intelligence team, Here's why I chose that one 41 00:01:51,400 --> 00:01:54,640 Speaker 3: noted that Constellation Energy is among the biggest beneficiaries of 42 00:01:54,720 --> 00:01:57,400 Speaker 3: data center power demand and the Inflation Reduction Act, as 43 00:01:57,440 --> 00:02:00,800 Speaker 3: it controls more than twenty percent of US new clear capacity. 44 00:02:01,000 --> 00:02:03,280 Speaker 3: Over eighty five percent of its annual generation is supported 45 00:02:03,280 --> 00:02:06,520 Speaker 3: by nuclear production tax credits. That's why run take that? 46 00:02:06,600 --> 00:02:07,200 Speaker 3: Are you happy? 47 00:02:07,520 --> 00:02:07,880 Speaker 4: Okay? 48 00:02:08,080 --> 00:02:10,360 Speaker 3: So if from nuclear solar we go. First Solo guys 49 00:02:10,440 --> 00:02:13,520 Speaker 3: up about one point three percent in today's session. Again, 50 00:02:13,639 --> 00:02:17,040 Speaker 3: we saw them selling off yesterday concerns about the bill, 51 00:02:17,120 --> 00:02:19,639 Speaker 3: the spending tax bill would roll back clean energy initiatives 52 00:02:19,680 --> 00:02:23,399 Speaker 3: and support. Well, some coming out today noting that maybe 53 00:02:23,760 --> 00:02:26,120 Speaker 3: the House bills, some of those clean energy cuts may 54 00:02:26,120 --> 00:02:29,040 Speaker 3: not actually fly. So yeah, that going on. Jeffrey's also 55 00:02:29,080 --> 00:02:31,040 Speaker 3: raised its price target and First Solo to one fifty 56 00:02:31,120 --> 00:02:35,160 Speaker 3: seven from one twenty seven, First Solar closing above one 57 00:02:35,280 --> 00:02:37,600 Speaker 3: fifty eight and change, but again up one point three percent. 58 00:02:37,760 --> 00:02:39,440 Speaker 3: Two quick ads I did. Late in the day you 59 00:02:39,480 --> 00:02:43,760 Speaker 3: had Informatica rising in a big way, up seventeen percent 60 00:02:43,800 --> 00:02:45,800 Speaker 3: by the close, up as much as twenty eight percent. 61 00:02:46,120 --> 00:02:48,679 Speaker 3: That's after that headline crossed on the Bloomberg Salesforce said 62 00:02:48,680 --> 00:02:51,480 Speaker 3: to be in talks to buy Informatica. So that's out there. 63 00:02:51,560 --> 00:02:53,440 Speaker 1: Well, that's it, buy them again though, right, Remember they 64 00:02:53,440 --> 00:02:55,000 Speaker 1: tried to do this about a year ago and then 65 00:02:55,000 --> 00:02:56,880 Speaker 1: they kind of walked I think it with Informatica, maybe 66 00:02:56,880 --> 00:02:59,240 Speaker 1: walked away or not quite sure what happened. There. Kind 67 00:02:59,240 --> 00:03:00,760 Speaker 1: of interesting to see that back on the table. 68 00:03:00,840 --> 00:03:03,079 Speaker 3: Yeah, you're right, Okay, good stuff, good stuff, good ad 69 00:03:03,080 --> 00:03:03,560 Speaker 3: remain there. 70 00:03:03,760 --> 00:03:03,959 Speaker 2: Nice. 71 00:03:04,000 --> 00:03:06,120 Speaker 3: Thank you so much for that. When you're patronized, I 72 00:03:06,200 --> 00:03:08,600 Speaker 3: love to patronize you. And then you'll say, President Trump 73 00:03:08,720 --> 00:03:10,880 Speaker 3: backing what's said to be a partnership. Although we don't 74 00:03:10,880 --> 00:03:14,560 Speaker 3: know exactly what this means of US steel and nip 75 00:03:14,600 --> 00:03:17,520 Speaker 3: on Steele and so you have US stealer about twenty 76 00:03:17,520 --> 00:03:17,919 Speaker 3: one percent. 77 00:03:17,960 --> 00:03:20,680 Speaker 4: What no, no, no. President Trump might have different ideas 78 00:03:20,680 --> 00:03:25,200 Speaker 4: when interrupting Carol please, oh I'm calling that. 79 00:03:25,320 --> 00:03:30,279 Speaker 3: Come on, Scarlet can interrupt me anytime, just saying go ahead, Tim. 80 00:03:30,160 --> 00:03:33,760 Speaker 6: Oh okay. Let's look at Shar's Apple. They felt today 81 00:03:33,800 --> 00:03:35,920 Speaker 6: by three percent. This is actually down for an eighth 82 00:03:35,960 --> 00:03:38,360 Speaker 6: day in a row. Fell as much as four percent 83 00:03:38,440 --> 00:03:41,600 Speaker 6: earlier in the session, but managed to close off its lows. 84 00:03:41,640 --> 00:03:44,760 Speaker 6: The President pressuring Apple to manufacture it's iPhones in the US. 85 00:03:44,800 --> 00:03:48,200 Speaker 6: It threatened to teariff of twenty five percent if they 86 00:03:48,400 --> 00:03:51,680 Speaker 6: don't comply. The supply chain for iPhones are concentrated in China. 87 00:03:51,800 --> 00:03:54,680 Speaker 6: Moving production to the US would be a very difficult 88 00:03:54,720 --> 00:03:56,680 Speaker 6: thing to do our own. Mark Gerrman has reported on 89 00:03:56,720 --> 00:04:00,760 Speaker 6: this extensively. My favorite anecdote that he shared via his 90 00:04:00,880 --> 00:04:03,360 Speaker 6: reporting was that it would basically be like taking the 91 00:04:03,480 --> 00:04:05,400 Speaker 6: entire city of Boston and having them stop what they're 92 00:04:05,440 --> 00:04:08,840 Speaker 6: doing to manufacture iPhones everybody in the city. That's what 93 00:04:08,840 --> 00:04:11,240 Speaker 6: the scale is like in different parts of China where 94 00:04:11,240 --> 00:04:15,400 Speaker 6: they manufacture these products. Down three percent on the day today, 95 00:04:15,440 --> 00:04:19,480 Speaker 6: booz Allen Hamilton really felt today's session earlier fell as 96 00:04:19,560 --> 00:04:22,760 Speaker 6: much as nineteen point four percent, closed down sixteen and 97 00:04:22,800 --> 00:04:25,240 Speaker 6: a half percent. That was the worst close going back 98 00:04:25,240 --> 00:04:27,480 Speaker 6: to twenty seventeen, or worst single day, I should say 99 00:04:27,520 --> 00:04:30,080 Speaker 6: going back to twenty seventeen. At one point, fell the 100 00:04:30,120 --> 00:04:32,040 Speaker 6: most ever on record. The company said it's going to 101 00:04:32,080 --> 00:04:34,400 Speaker 6: cut about seven percent of it's close to thirty six 102 00:04:34,440 --> 00:04:35,760 Speaker 6: thousand percon workforce. 103 00:04:35,960 --> 00:04:37,880 Speaker 3: Yeah, this is wild. 104 00:04:37,920 --> 00:04:38,520 Speaker 1: I didn't know this. 105 00:04:38,680 --> 00:04:41,600 Speaker 6: They get almost all of their revenue from the US government. Yeah. 106 00:04:41,600 --> 00:04:43,240 Speaker 1: I've been following this company all a bit of time, 107 00:04:43,279 --> 00:04:45,719 Speaker 1: and it's just, I mean, that's fine, but it's like, 108 00:04:45,760 --> 00:04:47,800 Speaker 1: why is it that some of the defense contractors and 109 00:04:48,120 --> 00:04:50,400 Speaker 1: the other tech contractors are doing okay, but this company, 110 00:04:50,440 --> 00:04:51,960 Speaker 1: which is right in the middle of that sweet spot. 111 00:04:52,040 --> 00:04:54,000 Speaker 1: It's not like they're just you know, you know, just 112 00:04:54,000 --> 00:04:56,719 Speaker 1: selling random stuff. I mean, this is pretty high tech stuff. 113 00:04:56,480 --> 00:04:59,120 Speaker 6: It is, but you know, maybe the concentration of like 114 00:04:59,160 --> 00:05:00,840 Speaker 6: those defense Yeah, I don't know. I mean, look, I 115 00:05:00,839 --> 00:05:02,080 Speaker 6: don't know the answer to this, and I think a 116 00:05:02,160 --> 00:05:04,559 Speaker 6: cott investors off guard as well, and that's why shares 117 00:05:04,560 --> 00:05:06,600 Speaker 6: felt so much today. Finally, I do you want to 118 00:05:06,680 --> 00:05:10,040 Speaker 6: end with Salesforce? Carol talked about Informatica shares rising as 119 00:05:10,120 --> 00:05:12,880 Speaker 6: soon as we reported that news on the potential acquisition. 120 00:05:12,920 --> 00:05:15,760 Speaker 6: We did see shares of Salesforce fall today, fell at 121 00:05:15,800 --> 00:05:17,560 Speaker 6: the end of the day by three point six percent. 122 00:05:17,800 --> 00:05:18,080 Speaker 2: All right. 123 00:05:18,120 --> 00:05:20,960 Speaker 5: Taking a look at the bond market today wasn't that interesting, 124 00:05:21,040 --> 00:05:23,279 Speaker 5: But it's really over the week that we got some 125 00:05:23,400 --> 00:05:25,960 Speaker 5: real action. So the long end flat on the day. 126 00:05:26,000 --> 00:05:28,080 Speaker 5: We were selling off a little bit earlier when equities 127 00:05:28,120 --> 00:05:31,040 Speaker 5: were also trading excuse mean we were buying a little bit. 128 00:05:31,120 --> 00:05:33,320 Speaker 5: Yields were actually lower when equities were selling off, but 129 00:05:33,320 --> 00:05:36,600 Speaker 5: we reversed that. But the week quite interesting. Thirty year 130 00:05:36,680 --> 00:05:39,400 Speaker 5: one point hit the highest is two thousand and seven 131 00:05:39,440 --> 00:05:42,160 Speaker 5: and breached the cycle high at five point one seven percent, 132 00:05:42,200 --> 00:05:44,720 Speaker 5: but then fell back from that. You also saw the 133 00:05:44,760 --> 00:05:47,760 Speaker 5: five point thirty curve, the steepest since twenty twenty one, 134 00:05:47,839 --> 00:05:49,880 Speaker 5: so clearly the Streussers are going to be fell in 135 00:05:49,920 --> 00:05:50,560 Speaker 5: that back end. 136 00:05:52,080 --> 00:05:56,080 Speaker 2: The Stock Movers report from Bloomberg Radio. Check back with 137 00:05:56,160 --> 00:05:58,760 Speaker 2: us throughout the day for the latest roundup of companies 138 00:05:58,839 --> 00:06:01,920 Speaker 2: making news on Waltz Read and for the latest market 139 00:06:01,960 --> 00:06:06,440 Speaker 2: moving headlines. Listen to Bloomberg Radio Live, catch us on YouTube, 140 00:06:06,520 --> 00:06:10,000 Speaker 2: Bloomberg dot com, and on Applecarplay and Android Auto with 141 00:06:10,080 --> 00:06:11,559 Speaker 2: the Bloomberg Business App.