1 00:00:02,520 --> 00:00:07,000 Speaker 1: Bloomberg Audio Studios, podcasts, radio news. 2 00:00:10,080 --> 00:00:13,520 Speaker 2: This is the closing bell on the stock mover's report 3 00:00:13,760 --> 00:00:16,720 Speaker 2: the company's making moves at the close of US trading 4 00:00:16,880 --> 00:00:21,400 Speaker 2: with Carol Masser, Tim stenovek Romain Bostik, and Katie Greifel. 5 00:00:22,360 --> 00:00:24,680 Speaker 3: I'm going to go back to SBA Communications. 6 00:00:24,680 --> 00:00:26,040 Speaker 4: That is the number one gainer in the S and 7 00:00:26,079 --> 00:00:28,479 Speaker 4: P five hundred, a gain of just about nineteen percent 8 00:00:28,640 --> 00:00:33,199 Speaker 4: today's session. The company SBA, is exploring options, including a 9 00:00:33,200 --> 00:00:36,720 Speaker 4: potential sale, after receiving preliminary takeover interests. This is according 10 00:00:36,760 --> 00:00:39,839 Speaker 4: to people familiar with the matter. Large infrastructure funds have 11 00:00:39,880 --> 00:00:43,479 Speaker 4: been circling this company, and SBA is working with the 12 00:00:43,520 --> 00:00:46,640 Speaker 4: advisors to evaluate the interest. Any deal would be pretty 13 00:00:46,680 --> 00:00:49,640 Speaker 4: large considering the size of the company and its debt load, 14 00:00:49,640 --> 00:00:52,440 Speaker 4: with SBA having an enterprise value of about thirty four 15 00:00:52,440 --> 00:00:56,160 Speaker 4: billion dollars including debt. So again, easily some out performance 16 00:00:56,200 --> 00:00:58,720 Speaker 4: there this one. I have to thank my partner Tim 17 00:00:59,040 --> 00:01:01,120 Speaker 4: for bringing it to my and that has to do 18 00:01:01,200 --> 00:01:02,080 Speaker 4: with thank you very much. 19 00:01:02,120 --> 00:01:02,400 Speaker 3: Tim. 20 00:01:02,800 --> 00:01:06,720 Speaker 4: Global star ticker is gsat that line space you really 21 00:01:06,760 --> 00:01:08,480 Speaker 4: do when I can't find a good one, I'm like, Tim, 22 00:01:08,520 --> 00:01:12,640 Speaker 4: what do you got? Outperformance? Up thirteen percent after Financial 23 00:01:12,680 --> 00:01:15,679 Speaker 4: Times report that Amazon is in talks to acquire the 24 00:01:15,720 --> 00:01:18,880 Speaker 4: satellite provider. The deal with bolster Amazon's efforts to build 25 00:01:18,920 --> 00:01:22,920 Speaker 4: its own satellite operation. According to the Financial Time, citing 26 00:01:23,000 --> 00:01:26,320 Speaker 4: unidentified people with knowledge of the discussions, Global Star, by 27 00:01:26,319 --> 00:01:29,480 Speaker 4: the way, operates an older, higher or orbit system of 28 00:01:29,480 --> 00:01:33,160 Speaker 4: satellites and mostly focuses on connecting phones and other devices 29 00:01:33,200 --> 00:01:35,840 Speaker 4: in areas of low cover. So again putting that one 30 00:01:35,880 --> 00:01:38,040 Speaker 4: out there, and then one more door Dash Dash is 31 00:01:38,040 --> 00:01:40,280 Speaker 4: the ticker, of course. I think it's the second top 32 00:01:40,280 --> 00:01:42,760 Speaker 4: gainer in the Nasdaq one hundred today, up just about 33 00:01:42,760 --> 00:01:45,560 Speaker 4: four percent. Door Dash and it's drone partner Wing have 34 00:01:45,640 --> 00:01:48,920 Speaker 4: doubled their flying food delivery in the Charlotte area, adding 35 00:01:48,920 --> 00:01:52,720 Speaker 4: two new operations in Matthews and Indian Trail Companies. Expansion 36 00:01:52,760 --> 00:01:56,200 Speaker 4: will reach more than sixty thousand household signaling Charlotte is 37 00:01:56,200 --> 00:01:58,920 Speaker 4: embracing futurist technology. And forgive me, I think this is 38 00:01:58,960 --> 00:02:02,200 Speaker 4: an Axios report, So I just want to. 39 00:02:02,120 --> 00:02:06,040 Speaker 3: Give credit where credit is due. Let me just look 40 00:02:06,040 --> 00:02:07,960 Speaker 3: it up. Romayne would know the answer to that. You know, 41 00:02:08,560 --> 00:02:11,639 Speaker 3: darn it? Yeah, it's Axios. You would you know what 42 00:02:11,680 --> 00:02:15,160 Speaker 3: I mean? Like you feel like, yeah, it is. You're right. 43 00:02:15,240 --> 00:02:18,120 Speaker 3: You would know everything, well, you. 44 00:02:18,040 --> 00:02:20,560 Speaker 5: Said, Scarlett's set you up. She also set me up 45 00:02:20,600 --> 00:02:23,480 Speaker 5: for the big decliner, and that would be Tesla down 46 00:02:23,480 --> 00:02:25,840 Speaker 5: five point four percent. Today, the company posted one of 47 00:02:25,880 --> 00:02:27,959 Speaker 5: its worst sales quarters in years. At miss Wall Street's 48 00:02:28,000 --> 00:02:32,160 Speaker 5: expectations three hundred and fifty eighty twenty three vehicles in 49 00:02:32,200 --> 00:02:35,320 Speaker 5: the first quarter. It's the second consecutive quarter that Tesla 50 00:02:35,320 --> 00:02:38,799 Speaker 5: has fallen short of projections. Deliveries still still manage to 51 00:02:38,880 --> 00:02:42,000 Speaker 5: rise six point three percent from a year earlier. Competition 52 00:02:42,040 --> 00:02:44,240 Speaker 5: from China outside of the US, and here in the 53 00:02:44,400 --> 00:02:48,600 Speaker 5: US facing challenges with an administration that you know doesn't 54 00:02:48,639 --> 00:02:51,400 Speaker 5: see a future for electric vehicles the same way that 55 00:02:51,440 --> 00:02:54,040 Speaker 5: does for ice. So remove some of those subsidies. Tesla 56 00:02:54,080 --> 00:02:57,840 Speaker 5: down five point four percent. We got to talk private credit. 57 00:02:58,040 --> 00:03:00,799 Speaker 5: Blue Owl shares fell by more than one percent today, 58 00:03:01,520 --> 00:03:03,840 Speaker 5: ended up falling by one point six percent. At one point, 59 00:03:03,919 --> 00:03:06,920 Speaker 5: shares were absolutely cratering before the ten o'clock hour and 60 00:03:07,000 --> 00:03:09,840 Speaker 5: around the ten o'clock hour at one point in your day, 61 00:03:09,840 --> 00:03:12,359 Speaker 5: falling to the lowest level going back to twenty twenty two. 62 00:03:12,680 --> 00:03:16,200 Speaker 5: Shares are now lost. Get this in just about fourteen 63 00:03:16,240 --> 00:03:19,840 Speaker 5: months since January of twenty twenty five, about sixty six 64 00:03:19,880 --> 00:03:21,720 Speaker 5: percent wow of their value. 65 00:03:21,840 --> 00:03:24,040 Speaker 6: This is a poster child for the private credit like 66 00:03:24,240 --> 00:03:25,400 Speaker 6: rethink it is. 67 00:03:25,480 --> 00:03:27,919 Speaker 5: Olivia Fischl's reporting on this has just been phenomenal on 68 00:03:27,960 --> 00:03:29,800 Speaker 5: the Bloomberg terminal. She was on our program a little 69 00:03:29,800 --> 00:03:33,360 Speaker 5: earlier talking of specifically about this story. Limiting redemptions from 70 00:03:33,400 --> 00:03:36,120 Speaker 5: two of its private credit funds after facing a surge 71 00:03:36,120 --> 00:03:39,320 Speaker 5: of withdrawal requests. Investors in Blue Owl Credit Income Fund 72 00:03:39,680 --> 00:03:42,040 Speaker 5: asked to pull twenty one point nine percent of shares 73 00:03:42,080 --> 00:03:44,640 Speaker 5: and those in the Blue Oul Tech Income Corp asked 74 00:03:44,640 --> 00:03:47,680 Speaker 5: for about forty one percent back. So those are big 75 00:03:47,760 --> 00:03:51,280 Speaker 5: withdrawal requests. Down one point six percent today. And finally, 76 00:03:51,320 --> 00:03:54,440 Speaker 5: I just did the entire S and P fifteen hundred 77 00:03:54,480 --> 00:03:58,440 Speaker 5: Airlines index because it encompasses all the airlines. Down one 78 00:03:58,480 --> 00:04:01,480 Speaker 5: point nine percent today, it was down three percent, Delta 79 00:04:01,560 --> 00:04:05,040 Speaker 5: down one point two percent, Southwest down one point seven, 80 00:04:05,480 --> 00:04:07,080 Speaker 5: American Airlines down two point six. 81 00:04:07,120 --> 00:04:09,000 Speaker 3: What's that? You could have used an ETF and you 82 00:04:09,040 --> 00:04:09,400 Speaker 3: should have. 83 00:04:09,640 --> 00:04:11,600 Speaker 5: No, we're partialty, I do the whole I do the 84 00:04:11,600 --> 00:04:13,960 Speaker 5: whole index. I know you guys love your ETFs free 85 00:04:14,000 --> 00:04:17,200 Speaker 5: TFIQ on Mondays noon it. 86 00:04:17,279 --> 00:04:18,839 Speaker 3: Yeah, right noon, that's right. 87 00:04:18,880 --> 00:04:23,160 Speaker 1: You've got big thing just the day after with scarletton. 88 00:04:23,279 --> 00:04:24,800 Speaker 3: That's right. They love that show. 89 00:04:24,880 --> 00:04:27,440 Speaker 4: Okay, all right, let's go back. 90 00:04:28,200 --> 00:04:29,800 Speaker 3: Let's go back to the bond market. 91 00:04:29,880 --> 00:04:32,440 Speaker 1: And you know we were talking about how equities seem 92 00:04:32,480 --> 00:04:35,760 Speaker 1: to be ignoring oil, so too was the bond market 93 00:04:35,800 --> 00:04:39,000 Speaker 1: today because take a look at those moves, really small overall, 94 00:04:39,160 --> 00:04:43,479 Speaker 1: uniscule moves, minuscule pedestrian. Come on, let's get some action. 95 00:04:44,120 --> 00:04:44,960 Speaker 3: You can see though. 96 00:04:44,760 --> 00:04:47,920 Speaker 1: The yields felt a little bit across the curve down 97 00:04:48,040 --> 00:04:50,920 Speaker 1: one to two basis points. Ask all the pointed out. 98 00:04:50,920 --> 00:04:53,840 Speaker 1: The bond market is open tomorrow with an early close. 99 00:04:53,920 --> 00:04:56,960 Speaker 6: This is what Ira Jersey assures me. The bond market 100 00:04:57,000 --> 00:04:59,240 Speaker 6: is open for half a day, okay. The stock market 101 00:04:59,279 --> 00:05:01,680 Speaker 6: is closed almost never happens. We do have a job 102 00:05:01,680 --> 00:05:03,080 Speaker 6: suport tomorrow at eight thirty am. 103 00:05:03,160 --> 00:05:05,720 Speaker 1: Yeah, and we will have a surveillance special. I love 104 00:05:05,800 --> 00:05:08,360 Speaker 1: jobs reports that are released on days where you know, 105 00:05:08,440 --> 00:05:11,040 Speaker 1: the equity markets aren't open and it's a bank holiday, 106 00:05:11,080 --> 00:05:13,800 Speaker 1: because it's just vibes. You know, you're just sitting there 107 00:05:14,279 --> 00:05:17,160 Speaker 1: looking at the numbers, or maybe you guys aren't. 108 00:05:16,800 --> 00:05:18,880 Speaker 3: But that's what I like to do. The surveillance squirrel 109 00:05:18,880 --> 00:05:21,320 Speaker 3: will be looking the numbers in vibing. They will what 110 00:05:21,360 --> 00:05:25,599 Speaker 3: would you guys, Katie, Well, we'll check it out. I 111 00:05:25,600 --> 00:05:26,160 Speaker 3: will check it. 112 00:05:26,080 --> 00:05:27,920 Speaker 4: Out, will you like eight thirty and then like get 113 00:05:27,960 --> 00:05:29,560 Speaker 4: an idea of the markets and the kind of move on. 114 00:05:30,160 --> 00:05:31,800 Speaker 6: But you have the rest of the weekend for something 115 00:05:31,839 --> 00:05:34,039 Speaker 6: to happen and change the tone as well. 116 00:05:34,040 --> 00:05:36,559 Speaker 4: True, or you could be thinking about KitKat bars because 117 00:05:36,600 --> 00:05:39,000 Speaker 4: there's a great story that caught our attention. We actually 118 00:05:39,040 --> 00:05:40,520 Speaker 4: tried to do it yesterday and ran out of time, 119 00:05:40,520 --> 00:05:43,960 Speaker 4: but over the weekend, Nesley confirming that thieves had swiped 120 00:05:44,480 --> 00:05:47,279 Speaker 4: four hundred, almost four hundred and fourteen thousand units of 121 00:05:47,400 --> 00:05:51,320 Speaker 4: Kitkats twelve metric tons somewhere along their way from a 122 00:05:51,320 --> 00:05:53,839 Speaker 4: factory in central Italy to poll In. Both the chocolate 123 00:05:53,880 --> 00:05:56,599 Speaker 4: bars in the truck carrying them remain missing, though no 124 00:05:56,640 --> 00:05:58,160 Speaker 4: one was hurting the theft. 125 00:05:58,560 --> 00:05:59,000 Speaker 3: It said. 126 00:05:59,279 --> 00:06:01,240 Speaker 4: The whole point of this story is they kind of 127 00:06:01,279 --> 00:06:04,720 Speaker 4: turned this kind of bad news into good news because 128 00:06:05,240 --> 00:06:07,159 Speaker 4: they put out a message and they said where We've 129 00:06:07,279 --> 00:06:09,960 Speaker 4: always encouraged people to have a break with kit Kat, 130 00:06:10,040 --> 00:06:12,400 Speaker 4: but it seems themes that thieves have taken the message 131 00:06:12,440 --> 00:06:15,200 Speaker 4: too literally and actually made a break with more than 132 00:06:15,240 --> 00:06:16,159 Speaker 4: twelve metric times. 133 00:06:16,160 --> 00:06:17,360 Speaker 5: What do you do with those podcasts? 134 00:06:17,920 --> 00:06:18,320 Speaker 1: Wow? 135 00:06:18,480 --> 00:06:22,120 Speaker 3: Were you held them down? I don't know, like gold exactly. 136 00:06:22,320 --> 00:06:25,000 Speaker 6: Well, chocolate is and cocoa is pretty valuable, or it 137 00:06:25,080 --> 00:06:27,800 Speaker 6: was for a while, certainly not to the extent it was. 138 00:06:27,839 --> 00:06:29,880 Speaker 6: But there's another story that caught our eye, which is 139 00:06:29,920 --> 00:06:34,400 Speaker 6: Starbucks trying to woo baristas to be friendlier and speedier, 140 00:06:34,760 --> 00:06:37,560 Speaker 6: and it's going to pay them to get there. They 141 00:06:37,600 --> 00:06:40,039 Speaker 6: can earn an additional twelve hundred dollars a year if 142 00:06:40,080 --> 00:06:43,360 Speaker 6: their store meets certain targets for sales, operations and customer service. 143 00:06:43,680 --> 00:06:45,960 Speaker 6: Part of that, I guess the opening stages of that 144 00:06:46,080 --> 00:06:47,839 Speaker 6: was when the new CEO had them all make sure 145 00:06:47,839 --> 00:06:50,919 Speaker 6: that they were really friendly and wrote custom messages for 146 00:06:50,960 --> 00:06:51,880 Speaker 6: people in their cups. 147 00:06:51,800 --> 00:06:55,480 Speaker 1: And at least at the Hoboken Starbucks in Midtown, they 148 00:06:55,520 --> 00:06:57,560 Speaker 1: do write a message on every single cup, which I 149 00:06:57,560 --> 00:07:00,000 Speaker 1: do appreciate. I will say I was out of Starbucks 150 00:07:00,240 --> 00:07:03,479 Speaker 1: near the office yesterday at about nine am. It was 151 00:07:03,520 --> 00:07:07,080 Speaker 1: an absolute madhouse. I actually went back into the app 152 00:07:07,160 --> 00:07:09,840 Speaker 1: to increase the tip because boy, I mean It was 153 00:07:09,880 --> 00:07:11,320 Speaker 1: just like a coffee factory in there. 154 00:07:11,480 --> 00:07:12,760 Speaker 3: Did you get a message on your cup? 155 00:07:13,400 --> 00:07:15,559 Speaker 1: I don't know if I did, But they were really 156 00:07:15,640 --> 00:07:16,360 Speaker 1: they smiled. 157 00:07:16,400 --> 00:07:17,720 Speaker 4: Did they smile when they gave it to. 158 00:07:18,600 --> 00:07:21,720 Speaker 1: I can't express enough just how busy these people were. 159 00:07:21,960 --> 00:07:24,720 Speaker 5: It does raise the question about how they didn't answer 160 00:07:24,720 --> 00:07:27,640 Speaker 5: the question actually measure the friendliness is it? Does it 161 00:07:27,680 --> 00:07:29,520 Speaker 5: have to do with surveys and like, you know, how 162 00:07:29,560 --> 00:07:29,960 Speaker 5: do you do that? 163 00:07:31,440 --> 00:07:35,440 Speaker 2: This stock mover's report from Bloomberg Radio. Check back with 164 00:07:35,520 --> 00:07:38,120 Speaker 2: us throughout the day for the latest roundup of companies 165 00:07:38,200 --> 00:07:41,280 Speaker 2: making news on Wall Street and for the latest market 166 00:07:41,320 --> 00:07:45,800 Speaker 2: moving headlines. Listen to Bloomberg Radio Live, catch us on YouTube, 167 00:07:45,880 --> 00:07:49,360 Speaker 2: Bloomberg dot com, and on Applecarplay and Android Auto with 168 00:07:49,440 --> 00:07:50,960 Speaker 2: the Bloomberg Business app.