WEBVTT - Closing Bell: SBA Communications Jumps, Tesla Slides, Blue Owl Lower, 

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<v Speaker 1>Bloomberg Audio Studios, podcasts, radio news.

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<v Speaker 2>This is the closing bell on the stock mover's report

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<v Speaker 2>the company's making moves at the close of US trading

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<v Speaker 2>with Carol Masser, Tim stenovek Romain Bostik, and Katie Greifel.

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<v Speaker 3>I'm going to go back to SBA Communications.

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<v Speaker 4>That is the number one gainer in the S and

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<v Speaker 4>P five hundred, a gain of just about nineteen percent

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<v Speaker 4>today's session. The company SBA, is exploring options, including a

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<v Speaker 4>potential sale, after receiving preliminary takeover interests. This is according

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<v Speaker 4>to people familiar with the matter. Large infrastructure funds have

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<v Speaker 4>been circling this company, and SBA is working with the

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<v Speaker 4>advisors to evaluate the interest. Any deal would be pretty

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<v Speaker 4>large considering the size of the company and its debt load,

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<v Speaker 4>with SBA having an enterprise value of about thirty four

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<v Speaker 4>billion dollars including debt. So again, easily some out performance

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<v Speaker 4>there this one. I have to thank my partner Tim

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<v Speaker 4>for bringing it to my and that has to do

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<v Speaker 4>with thank you very much.

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<v Speaker 3>Tim.

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<v Speaker 4>Global star ticker is gsat that line space you really

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<v Speaker 4>do when I can't find a good one, I'm like, Tim,

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<v Speaker 4>what do you got? Outperformance? Up thirteen percent after Financial

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<v Speaker 4>Times report that Amazon is in talks to acquire the

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<v Speaker 4>satellite provider. The deal with bolster Amazon's efforts to build

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<v Speaker 4>its own satellite operation. According to the Financial Time, citing

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<v Speaker 4>unidentified people with knowledge of the discussions, Global Star, by

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<v Speaker 4>the way, operates an older, higher or orbit system of

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<v Speaker 4>satellites and mostly focuses on connecting phones and other devices

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<v Speaker 4>in areas of low cover. So again putting that one

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<v Speaker 4>out there, and then one more door Dash Dash is

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<v Speaker 4>the ticker, of course. I think it's the second top

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<v Speaker 4>gainer in the Nasdaq one hundred today, up just about

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<v Speaker 4>four percent. Door Dash and it's drone partner Wing have

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<v Speaker 4>doubled their flying food delivery in the Charlotte area, adding

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<v Speaker 4>two new operations in Matthews and Indian Trail Companies. Expansion

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<v Speaker 4>will reach more than sixty thousand household signaling Charlotte is

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<v Speaker 4>embracing futurist technology. And forgive me, I think this is

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<v Speaker 4>an Axios report, So I just want to.

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<v Speaker 3>Give credit where credit is due. Let me just look

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<v Speaker 3>it up. Romayne would know the answer to that. You know,

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<v Speaker 3>darn it? Yeah, it's Axios. You would you know what

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<v Speaker 3>I mean? Like you feel like, yeah, it is. You're right.

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<v Speaker 3>You would know everything, well, you.

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<v Speaker 5>Said, Scarlett's set you up. She also set me up

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<v Speaker 5>for the big decliner, and that would be Tesla down

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<v Speaker 5>five point four percent. Today, the company posted one of

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<v Speaker 5>its worst sales quarters in years. At miss Wall Street's

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<v Speaker 5>expectations three hundred and fifty eighty twenty three vehicles in

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<v Speaker 5>the first quarter. It's the second consecutive quarter that Tesla

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<v Speaker 5>has fallen short of projections. Deliveries still still manage to

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<v Speaker 5>rise six point three percent from a year earlier. Competition

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<v Speaker 5>from China outside of the US, and here in the

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<v Speaker 5>US facing challenges with an administration that you know doesn't

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<v Speaker 5>see a future for electric vehicles the same way that

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<v Speaker 5>does for ice. So remove some of those subsidies. Tesla

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<v Speaker 5>down five point four percent. We got to talk private credit.

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<v Speaker 5>Blue Owl shares fell by more than one percent today,

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<v Speaker 5>ended up falling by one point six percent. At one point,

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<v Speaker 5>shares were absolutely cratering before the ten o'clock hour and

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<v Speaker 5>around the ten o'clock hour at one point in your day,

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<v Speaker 5>falling to the lowest level going back to twenty twenty two.

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<v Speaker 5>Shares are now lost. Get this in just about fourteen

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<v Speaker 5>months since January of twenty twenty five, about sixty six

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<v Speaker 5>percent wow of their value.

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<v Speaker 6>This is a poster child for the private credit like

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<v Speaker 6>rethink it is.

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<v Speaker 5>Olivia Fischl's reporting on this has just been phenomenal on

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<v Speaker 5>the Bloomberg terminal. She was on our program a little

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<v Speaker 5>earlier talking of specifically about this story. Limiting redemptions from

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<v Speaker 5>two of its private credit funds after facing a surge

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<v Speaker 5>of withdrawal requests. Investors in Blue Owl Credit Income Fund

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<v Speaker 5>asked to pull twenty one point nine percent of shares

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<v Speaker 5>and those in the Blue Oul Tech Income Corp asked

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<v Speaker 5>for about forty one percent back. So those are big

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<v Speaker 5>withdrawal requests. Down one point six percent today. And finally,

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<v Speaker 5>I just did the entire S and P fifteen hundred

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<v Speaker 5>Airlines index because it encompasses all the airlines. Down one

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<v Speaker 5>point nine percent today, it was down three percent, Delta

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<v Speaker 5>down one point two percent, Southwest down one point seven,

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<v Speaker 5>American Airlines down two point six.

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<v Speaker 3>What's that? You could have used an ETF and you

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<v Speaker 3>should have.

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<v Speaker 5>No, we're partialty, I do the whole I do the

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<v Speaker 5>whole index. I know you guys love your ETFs free

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<v Speaker 5>TFIQ on Mondays noon it.

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<v Speaker 3>Yeah, right noon, that's right.

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<v Speaker 1>You've got big thing just the day after with scarletton.

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<v Speaker 3>That's right. They love that show.

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<v Speaker 4>Okay, all right, let's go back.

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<v Speaker 3>Let's go back to the bond market.

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<v Speaker 1>And you know we were talking about how equities seem

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<v Speaker 1>to be ignoring oil, so too was the bond market

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<v Speaker 1>today because take a look at those moves, really small overall,

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<v Speaker 1>uniscule moves, minuscule pedestrian. Come on, let's get some action.

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<v Speaker 3>You can see though.

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<v Speaker 1>The yields felt a little bit across the curve down

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<v Speaker 1>one to two basis points. Ask all the pointed out.

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<v Speaker 1>The bond market is open tomorrow with an early close.

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<v Speaker 6>This is what Ira Jersey assures me. The bond market

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<v Speaker 6>is open for half a day, okay. The stock market

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<v Speaker 6>is closed almost never happens. We do have a job

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<v Speaker 6>suport tomorrow at eight thirty am.

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<v Speaker 1>Yeah, and we will have a surveillance special. I love

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<v Speaker 1>jobs reports that are released on days where you know,

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<v Speaker 1>the equity markets aren't open and it's a bank holiday,

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<v Speaker 1>because it's just vibes. You know, you're just sitting there

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<v Speaker 1>looking at the numbers, or maybe you guys aren't.

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<v Speaker 3>But that's what I like to do. The surveillance squirrel

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<v Speaker 3>will be looking the numbers in vibing. They will what

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<v Speaker 3>would you guys, Katie, Well, we'll check it out. I

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<v Speaker 3>will check it.

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<v Speaker 4>Out, will you like eight thirty and then like get

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<v Speaker 4>an idea of the markets and the kind of move on.

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<v Speaker 6>But you have the rest of the weekend for something

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<v Speaker 6>to happen and change the tone as well.

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<v Speaker 4>True, or you could be thinking about KitKat bars because

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<v Speaker 4>there's a great story that caught our attention. We actually

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<v Speaker 4>tried to do it yesterday and ran out of time,

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<v Speaker 4>but over the weekend, Nesley confirming that thieves had swiped

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<v Speaker 4>four hundred, almost four hundred and fourteen thousand units of

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<v Speaker 4>Kitkats twelve metric tons somewhere along their way from a

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<v Speaker 4>factory in central Italy to poll In. Both the chocolate

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<v Speaker 4>bars in the truck carrying them remain missing, though no

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<v Speaker 4>one was hurting the theft.

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<v Speaker 3>It said.

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<v Speaker 4>The whole point of this story is they kind of

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<v Speaker 4>turned this kind of bad news into good news because

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<v Speaker 4>they put out a message and they said where We've

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<v Speaker 4>always encouraged people to have a break with kit Kat,

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<v Speaker 4>but it seems themes that thieves have taken the message

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<v Speaker 4>too literally and actually made a break with more than

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<v Speaker 4>twelve metric times.

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<v Speaker 5>What do you do with those podcasts?

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<v Speaker 1>Wow?

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<v Speaker 3>Were you held them down? I don't know, like gold exactly.

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<v Speaker 6>Well, chocolate is and cocoa is pretty valuable, or it

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<v Speaker 6>was for a while, certainly not to the extent it was.

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<v Speaker 6>But there's another story that caught our eye, which is

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<v Speaker 6>Starbucks trying to woo baristas to be friendlier and speedier,

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<v Speaker 6>and it's going to pay them to get there. They

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<v Speaker 6>can earn an additional twelve hundred dollars a year if

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<v Speaker 6>their store meets certain targets for sales, operations and customer service.

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<v Speaker 6>Part of that, I guess the opening stages of that

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<v Speaker 6>was when the new CEO had them all make sure

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<v Speaker 6>that they were really friendly and wrote custom messages for

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<v Speaker 6>people in their cups.

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<v Speaker 1>And at least at the Hoboken Starbucks in Midtown, they

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<v Speaker 1>do write a message on every single cup, which I

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<v Speaker 1>do appreciate. I will say I was out of Starbucks

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<v Speaker 1>near the office yesterday at about nine am. It was

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<v Speaker 1>an absolute madhouse. I actually went back into the app

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<v Speaker 1>to increase the tip because boy, I mean It was

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<v Speaker 1>just like a coffee factory in there.

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<v Speaker 3>Did you get a message on your cup?

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<v Speaker 1>I don't know if I did, But they were really

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<v Speaker 1>they smiled.

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<v Speaker 4>Did they smile when they gave it to.

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<v Speaker 1>I can't express enough just how busy these people were.

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<v Speaker 5>It does raise the question about how they didn't answer

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<v Speaker 5>the question actually measure the friendliness is it? Does it

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<v Speaker 5>have to do with surveys and like, you know, how

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<v Speaker 5>do you do that?

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<v Speaker 2>This stock mover's report from Bloomberg Radio. Check back with

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