Speaker 1: Bloomberg Audio Studios, podcasts, radio news.
Speaker 2: This is the closing bell on the stock mover's report
Speaker 2: the company's making moves at the close of US trading
Speaker 2: with Carol Masser, Tim stenovek Romain Bostik, and Katie Greifel.
Speaker 3: I'm going to go back to SBA Communications.
Speaker 4: That is the number one gainer in the S and
Speaker 4: P five hundred, a gain of just about nineteen percent
Speaker 4: today's session. The company SBA, is exploring options, including a
Speaker 4: potential sale, after receiving preliminary takeover interests. This is according
Speaker 4: to people familiar with the matter. Large infrastructure funds have
Speaker 4: been circling this company, and SBA is working with the
Speaker 4: advisors to evaluate the interest. Any deal would be pretty
Speaker 4: large considering the size of the company and its debt load,
Speaker 4: with SBA having an enterprise value of about thirty four
Speaker 4: billion dollars including debt. So again, easily some out performance
Speaker 4: there this one. I have to thank my partner Tim
Speaker 4: for bringing it to my and that has to do
Speaker 4: with thank you very much.
Speaker 3: Tim.
Speaker 4: Global star ticker is gsat that line space you really
Speaker 4: do when I can't find a good one, I'm like, Tim,
Speaker 4: what do you got? Outperformance? Up thirteen percent after Financial
Speaker 4: Times report that Amazon is in talks to acquire the
Speaker 4: satellite provider. The deal with bolster Amazon's efforts to build
Speaker 4: its own satellite operation. According to the Financial Time, citing
Speaker 4: unidentified people with knowledge of the discussions, Global Star, by
Speaker 4: the way, operates an older, higher or orbit system of
Speaker 4: satellites and mostly focuses on connecting phones and other devices
Speaker 4: in areas of low cover. So again putting that one
Speaker 4: out there, and then one more door Dash Dash is
Speaker 4: the ticker, of course. I think it's the second top
Speaker 4: gainer in the Nasdaq one hundred today, up just about
Speaker 4: four percent. Door Dash and it's drone partner Wing have
Speaker 4: doubled their flying food delivery in the Charlotte area, adding
Speaker 4: two new operations in Matthews and Indian Trail Companies. Expansion
Speaker 4: will reach more than sixty thousand household signaling Charlotte is
Speaker 4: embracing futurist technology. And forgive me, I think this is
Speaker 4: an Axios report, So I just want to.
Speaker 3: Give credit where credit is due. Let me just look
Speaker 3: it up. Romayne would know the answer to that. You know,
Speaker 3: darn it? Yeah, it's Axios. You would you know what
Speaker 3: I mean? Like you feel like, yeah, it is. You're right.
Speaker 3: You would know everything, well, you.
Speaker 5: Said, Scarlett's set you up. She also set me up
Speaker 5: for the big decliner, and that would be Tesla down
Speaker 5: five point four percent. Today, the company posted one of
Speaker 5: its worst sales quarters in years. At miss Wall Street's
Speaker 5: expectations three hundred and fifty eighty twenty three vehicles in
Speaker 5: the first quarter. It's the second consecutive quarter that Tesla
Speaker 5: has fallen short of projections. Deliveries still still manage to
Speaker 5: rise six point three percent from a year earlier. Competition
Speaker 5: from China outside of the US, and here in the
Speaker 5: US facing challenges with an administration that you know doesn't
Speaker 5: see a future for electric vehicles the same way that
Speaker 5: does for ice. So remove some of those subsidies. Tesla
Speaker 5: down five point four percent. We got to talk private credit.
Speaker 5: Blue Owl shares fell by more than one percent today,
Speaker 5: ended up falling by one point six percent. At one point,
Speaker 5: shares were absolutely cratering before the ten o'clock hour and
Speaker 5: around the ten o'clock hour at one point in your day,
Speaker 5: falling to the lowest level going back to twenty twenty two.
Speaker 5: Shares are now lost. Get this in just about fourteen
Speaker 5: months since January of twenty twenty five, about sixty six
Speaker 5: percent wow of their value.
Speaker 6: This is a poster child for the private credit like
Speaker 6: rethink it is.
Speaker 5: Olivia Fischl's reporting on this has just been phenomenal on
Speaker 5: the Bloomberg terminal. She was on our program a little
Speaker 5: earlier talking of specifically about this story. Limiting redemptions from
Speaker 5: two of its private credit funds after facing a surge
Speaker 5: of withdrawal requests. Investors in Blue Owl Credit Income Fund
Speaker 5: asked to pull twenty one point nine percent of shares
Speaker 5: and those in the Blue Oul Tech Income Corp asked
Speaker 5: for about forty one percent back. So those are big
Speaker 5: withdrawal requests. Down one point six percent today. And finally,
Speaker 5: I just did the entire S and P fifteen hundred
Speaker 5: Airlines index because it encompasses all the airlines. Down one
Speaker 5: point nine percent today, it was down three percent, Delta
Speaker 5: down one point two percent, Southwest down one point seven,
Speaker 5: American Airlines down two point six.
Speaker 3: What's that? You could have used an ETF and you
Speaker 3: should have.
Speaker 5: No, we're partialty, I do the whole I do the
Speaker 5: whole index. I know you guys love your ETFs free
Speaker 5: TFIQ on Mondays noon it.
Speaker 3: Yeah, right noon, that's right.
Speaker 1: You've got big thing just the day after with scarletton.
Speaker 3: That's right. They love that show.
Speaker 4: Okay, all right, let's go back.
Speaker 3: Let's go back to the bond market.
Speaker 1: And you know we were talking about how equities seem
Speaker 1: to be ignoring oil, so too was the bond market
Speaker 1: today because take a look at those moves, really small overall,
Speaker 1: uniscule moves, minuscule pedestrian. Come on, let's get some action.
Speaker 3: You can see though.
Speaker 1: The yields felt a little bit across the curve down
Speaker 1: one to two basis points. Ask all the pointed out.
Speaker 1: The bond market is open tomorrow with an early close.
Speaker 6: This is what Ira Jersey assures me. The bond market
Speaker 6: is open for half a day, okay. The stock market
Speaker 6: is closed almost never happens. We do have a job
Speaker 6: suport tomorrow at eight thirty am.
Speaker 1: Yeah, and we will have a surveillance special. I love
Speaker 1: jobs reports that are released on days where you know,
Speaker 1: the equity markets aren't open and it's a bank holiday,
Speaker 1: because it's just vibes. You know, you're just sitting there
Speaker 1: looking at the numbers, or maybe you guys aren't.
Speaker 3: But that's what I like to do. The surveillance squirrel
Speaker 3: will be looking the numbers in vibing. They will what
Speaker 3: would you guys, Katie, Well, we'll check it out. I
Speaker 3: will check it.
Speaker 4: Out, will you like eight thirty and then like get
Speaker 4: an idea of the markets and the kind of move on.
Speaker 6: But you have the rest of the weekend for something
Speaker 6: to happen and change the tone as well.
Speaker 4: True, or you could be thinking about KitKat bars because
Speaker 4: there's a great story that caught our attention. We actually
Speaker 4: tried to do it yesterday and ran out of time,
Speaker 4: but over the weekend, Nesley confirming that thieves had swiped
Speaker 4: four hundred, almost four hundred and fourteen thousand units of
Speaker 4: Kitkats twelve metric tons somewhere along their way from a
Speaker 4: factory in central Italy to poll In. Both the chocolate
Speaker 4: bars in the truck carrying them remain missing, though no
Speaker 4: one was hurting the theft.
Speaker 3: It said.
Speaker 4: The whole point of this story is they kind of
Speaker 4: turned this kind of bad news into good news because
Speaker 4: they put out a message and they said where We've
Speaker 4: always encouraged people to have a break with kit Kat,
Speaker 4: but it seems themes that thieves have taken the message
Speaker 4: too literally and actually made a break with more than
Speaker 4: twelve metric times.
Speaker 5: What do you do with those podcasts?
Speaker 1: Wow?
Speaker 3: Were you held them down? I don't know, like gold exactly.
Speaker 6: Well, chocolate is and cocoa is pretty valuable, or it
Speaker 6: was for a while, certainly not to the extent it was.
Speaker 6: But there's another story that caught our eye, which is
Speaker 6: Starbucks trying to woo baristas to be friendlier and speedier,
Speaker 6: and it's going to pay them to get there. They
Speaker 6: can earn an additional twelve hundred dollars a year if
Speaker 6: their store meets certain targets for sales, operations and customer service.
Speaker 6: Part of that, I guess the opening stages of that
Speaker 6: was when the new CEO had them all make sure
Speaker 6: that they were really friendly and wrote custom messages for
Speaker 6: people in their cups.
Speaker 1: And at least at the Hoboken Starbucks in Midtown, they
Speaker 1: do write a message on every single cup, which I
Speaker 1: do appreciate. I will say I was out of Starbucks
Speaker 1: near the office yesterday at about nine am. It was
Speaker 1: an absolute madhouse. I actually went back into the app
Speaker 1: to increase the tip because boy, I mean It was
Speaker 1: just like a coffee factory in there.
Speaker 3: Did you get a message on your cup?
Speaker 1: I don't know if I did, But they were really
Speaker 1: they smiled.
Speaker 4: Did they smile when they gave it to.
Speaker 1: I can't express enough just how busy these people were.
Speaker 5: It does raise the question about how they didn't answer
Speaker 5: the question actually measure the friendliness is it? Does it
Speaker 5: have to do with surveys and like, you know, how
Speaker 5: do you do that?
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