1 00:00:02,520 --> 00:00:10,440 Speaker 1: Bloomberg Audio Studios, podcasts, radio news, The Stock Movers podcast, 2 00:00:10,800 --> 00:00:14,080 Speaker 1: your roundup of companies making moves in the stock market, 3 00:00:14,240 --> 00:00:16,480 Speaker 1: harnessing the power of Bloomberg Data. 4 00:00:17,840 --> 00:00:20,400 Speaker 2: Now we need to look at some sucks they are 5 00:00:20,440 --> 00:00:23,239 Speaker 2: on the move today. We're joined by Lisa Matteo. Lisa, 6 00:00:23,280 --> 00:00:23,599 Speaker 2: what do you have? 7 00:00:23,640 --> 00:00:23,880 Speaker 1: All right? 8 00:00:23,920 --> 00:00:25,880 Speaker 3: So I started with Goldman Sacks has been riding this 9 00:00:25,960 --> 00:00:27,960 Speaker 3: wave of volatility. It chairs have been up as much 10 00:00:27,960 --> 00:00:31,640 Speaker 3: as two percent. Stock traders posted their highest quarterly revenue 11 00:00:31,640 --> 00:00:34,280 Speaker 3: haul on record, a beat on equities trading revenue for 12 00:00:34,320 --> 00:00:36,360 Speaker 3: the first quarter, where was twenty seven percent from a 13 00:00:36,440 --> 00:00:39,080 Speaker 3: year earlier, almost four point two billion for the first 14 00:00:39,080 --> 00:00:41,960 Speaker 3: three months of the year. It also announced and this 15 00:00:42,040 --> 00:00:45,519 Speaker 3: was biggest share buyback program of up to forty billion dollars. 16 00:00:45,760 --> 00:00:47,639 Speaker 3: But what it does. It really follows a record year 17 00:00:47,680 --> 00:00:50,080 Speaker 3: for Goldman in twenty twenty four. It lifted its revenue 18 00:00:50,080 --> 00:00:53,120 Speaker 3: in the division by almost fifty percent. And everybody's always 19 00:00:53,120 --> 00:00:57,160 Speaker 3: focused on what the CEO says. Well, David Solomon said, yes, 20 00:00:57,200 --> 00:00:59,760 Speaker 3: they're entering the second quarter with a different operating environment. 21 00:00:59,800 --> 00:01:02,640 Speaker 3: But Goldman, he says, it is confident it's ability to 22 00:01:02,680 --> 00:01:04,400 Speaker 3: continue to support their clients. 23 00:01:04,760 --> 00:01:09,520 Speaker 2: Goldman Sachs share buyback for twenty five point two percent 24 00:01:09,560 --> 00:01:12,960 Speaker 2: of market cap forty billion for Apple is one point 25 00:01:13,080 --> 00:01:16,880 Speaker 2: x percent. It's just it's Apple's tea swings compared to 26 00:01:16,920 --> 00:01:18,280 Speaker 2: what we got going after Goldman. 27 00:01:18,400 --> 00:01:18,680 Speaker 1: Gosh. 28 00:01:18,720 --> 00:01:21,160 Speaker 3: Now, since you mentioned Apple, I'm gonna go there. Okay, 29 00:01:21,280 --> 00:01:23,160 Speaker 3: It's share had been up as much as secure person. 30 00:01:24,080 --> 00:01:27,240 Speaker 3: Thank you for that, benefiting from the tariff news. So 31 00:01:27,319 --> 00:01:29,600 Speaker 3: here's the background. Right, it started Friday, you had the 32 00:01:29,640 --> 00:01:32,640 Speaker 3: White House saying it was exempting some tech products from tariffs. 33 00:01:32,880 --> 00:01:35,120 Speaker 3: Then on Sunday, President Trump came in and said it 34 00:01:35,160 --> 00:01:38,360 Speaker 3: was temporary and that earlier exemptions are really just moving 35 00:01:38,360 --> 00:01:41,960 Speaker 3: into a different tariff bucket. But it's not just Apple 36 00:01:42,000 --> 00:01:45,399 Speaker 3: that's moving higher, because that still is companies like Dell HP. 37 00:01:45,920 --> 00:01:48,360 Speaker 3: Then you have the chip sector, you have Nvidia, Advanced 38 00:01:48,520 --> 00:01:53,760 Speaker 3: micro Devices, Broadcom, Qualcom, even Apple suppliers in Asia they 39 00:01:53,800 --> 00:01:57,120 Speaker 3: are recovering, like fox Con you know they manufacture the iPhones. 40 00:01:57,480 --> 00:01:59,320 Speaker 3: They closed about three percent higher too. 41 00:01:59,440 --> 00:01:59,800 Speaker 2: One more. 42 00:02:00,360 --> 00:02:03,600 Speaker 3: All right, So Pfizer, we heard of OBC shots, right, Well, 43 00:02:03,640 --> 00:02:05,840 Speaker 3: a lot of people you know have those, but Pfizer 44 00:02:05,960 --> 00:02:09,840 Speaker 3: was working on OBCD pill and that's key It was 45 00:02:09,880 --> 00:02:12,200 Speaker 3: closely watched by investors. They were waiting for it, but 46 00:02:12,360 --> 00:02:15,040 Speaker 3: now Pfizer saying they're going to stop working on it. 47 00:02:15,240 --> 00:02:18,560 Speaker 3: It was linked to this potentially drug related liver injury 48 00:02:18,600 --> 00:02:21,640 Speaker 3: and one patient from a clinical trial. So that's the 49 00:02:21,680 --> 00:02:24,080 Speaker 3: reason why it's such a blow. I mean Pfizer, they 50 00:02:24,080 --> 00:02:27,080 Speaker 3: were already behind in the competition, right, They made competing 51 00:02:27,120 --> 00:02:29,760 Speaker 3: in the NBCD market kind of key because they were 52 00:02:29,800 --> 00:02:31,919 Speaker 3: trying to come back from this COVID comeback. 53 00:02:31,560 --> 00:02:31,720 Speaker 2: You know. 54 00:02:32,960 --> 00:02:35,240 Speaker 3: So their shares have been lower, but who it is 55 00:02:35,280 --> 00:02:39,000 Speaker 3: benefiting is their competition like no Vo nor Is their 56 00:02:39,080 --> 00:02:42,520 Speaker 3: ADRs up about three percent, and Eli Lilly their shares 57 00:02:42,520 --> 00:02:44,880 Speaker 3: have been up as much as two percent, so not 58 00:02:44,960 --> 00:02:47,280 Speaker 3: too bad. Last one I want to mention too quickly 59 00:02:47,320 --> 00:02:50,519 Speaker 3: before we go is Intel it shares. The company's really 60 00:02:50,560 --> 00:02:53,160 Speaker 3: been struggling, right, you know, like it lost market shared 61 00:02:53,160 --> 00:02:56,239 Speaker 3: to rivals in recent years, missed the shift to AI accelerators. 62 00:02:56,639 --> 00:03:00,399 Speaker 3: Market's now dominated by Nvidia, so it's spinning off non 63 00:03:00,480 --> 00:03:03,760 Speaker 3: central businesses and assets. For example, it's a great to 64 00:03:03,760 --> 00:03:06,320 Speaker 3: sell fifty one percent of its Steak and Programmable Chips 65 00:03:06,360 --> 00:03:10,520 Speaker 3: unit Altera to silver Lake Management. The deal should close 66 00:03:10,560 --> 00:03:13,120 Speaker 3: in the second half of twenty twenty five, Intel continuing 67 00:03:13,160 --> 00:03:15,280 Speaker 3: to hold that forty nine percent stake in the business, 68 00:03:15,639 --> 00:03:19,080 Speaker 3: but it values Altera at eight point seventy five billion. 69 00:03:19,400 --> 00:03:22,919 Speaker 3: Intel back in two fifteen, they paid about seventeen billion 70 00:03:23,320 --> 00:03:26,720 Speaker 3: for the company, so you see the difference. 71 00:03:27,160 --> 00:03:30,120 Speaker 2: That's important statistic that they never talk about. 72 00:03:30,800 --> 00:03:34,920 Speaker 1: The Stock Movers podcast from Bloomberg Radio. Check back with 73 00:03:35,040 --> 00:03:37,800 Speaker 1: us throughout the day for the latest roundup of companies 74 00:03:37,840 --> 00:03:40,880 Speaker 1: making news on Wall Street and for the latest market 75 00:03:40,920 --> 00:03:45,240 Speaker 1: moving headlines. 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