1 00:00:02,520 --> 00:00:07,000 Speaker 1: Bloomberg Audio Studios, podcasts, radio news. 2 00:00:09,880 --> 00:00:13,320 Speaker 2: This is the closing bell on this stock movers report, 3 00:00:13,560 --> 00:00:16,520 Speaker 2: the company's making moves at the close of US trading 4 00:00:16,760 --> 00:00:21,520 Speaker 2: with Carol Masser, Tim Stenobeck, Romain, Bostik and Scarlet. 5 00:00:21,079 --> 00:00:25,840 Speaker 3: Food S and P five hundred you've got, actually, despite 6 00:00:25,920 --> 00:00:28,040 Speaker 3: a fairmatic green on the screen, three hundred and two 7 00:00:28,120 --> 00:00:30,479 Speaker 3: names in the s and P five hundred, KD losing 8 00:00:30,480 --> 00:00:32,200 Speaker 3: ground TODA one hundred and ninety nine to the upside 9 00:00:32,240 --> 00:00:33,080 Speaker 3: to unchange. 10 00:00:33,120 --> 00:00:35,360 Speaker 4: Well, let's see what the circle says about that. At 11 00:00:35,400 --> 00:00:39,120 Speaker 4: this sector level, you do have some pretty important sectors 12 00:00:39,159 --> 00:00:41,839 Speaker 4: in the green right now, Tech of course chief among them. 13 00:00:41,880 --> 00:00:45,239 Speaker 4: Con Communication services also having a really strong day. A 14 00:00:45,280 --> 00:00:47,680 Speaker 4: lot of that comes back to alphabet, which I'm sure 15 00:00:47,720 --> 00:00:49,640 Speaker 4: we'll discuss. Then you take a look at what isn't 16 00:00:49,640 --> 00:00:53,000 Speaker 4: doing too hot. Consumer staples lower by more than one percent, 17 00:00:53,320 --> 00:00:57,680 Speaker 4: healthcare also getting sold off today, so more red ben green. 18 00:00:57,760 --> 00:01:00,120 Speaker 4: At least taking a look at the sector breakdown, you 19 00:01:00,120 --> 00:01:02,960 Speaker 4: can see what is green on the circle definitely looks good. 20 00:01:03,080 --> 00:01:05,280 Speaker 3: Yeah, pretty dominant there. Let's get to some of the 21 00:01:05,280 --> 00:01:06,280 Speaker 3: individual gainers test. 22 00:01:06,440 --> 00:01:09,480 Speaker 1: Did you know that that William Taff, former president was 23 00:01:09,480 --> 00:01:11,640 Speaker 1: actually born on your wedding anniversary. 24 00:01:11,920 --> 00:01:12,880 Speaker 2: I well knew that. 25 00:01:13,200 --> 00:01:15,800 Speaker 4: There you go, that wasn't the deciding factor in the date. 26 00:01:16,120 --> 00:01:18,759 Speaker 3: Yeah, yeah, that's exactly it. We were talking about when 27 00:01:18,760 --> 00:01:21,840 Speaker 3: we would get married. News you can use all right, 28 00:01:21,880 --> 00:01:24,840 Speaker 3: Tesla top gainer in the S and P and Nasdaq 29 00:01:24,880 --> 00:01:27,679 Speaker 3: one hundred throughout the day. Nothing like the ultimate insider 30 00:01:27,760 --> 00:01:30,399 Speaker 3: Tesla insider buying shares. You guys all know the story, 31 00:01:30,880 --> 00:01:35,399 Speaker 3: Elon Musk. We're kind of responding to that unprecedent proposal 32 00:01:35,440 --> 00:01:39,400 Speaker 3: in terms of the Tesla board, the pay proposal of 33 00:01:39,400 --> 00:01:42,800 Speaker 3: one hundred one trillion dollars. Excuse me. Of course, there 34 00:01:42,840 --> 00:01:45,800 Speaker 3: are some conditions around it, but nonetheless Elon bought about 35 00:01:45,840 --> 00:01:49,680 Speaker 3: a billion dollars worth of shares, so it sent shares 36 00:01:49,680 --> 00:01:51,440 Speaker 3: of Tesla soaring up as much as seven and a 37 00:01:51,440 --> 00:01:54,080 Speaker 3: half percent in today's session, finishing though with about a 38 00:01:54,080 --> 00:01:58,000 Speaker 3: three point six percent gain in today's session. He bought 39 00:01:58,040 --> 00:02:03,200 Speaker 3: them indirectly a revocable trust revocable Excuse me? Is that 40 00:02:03,200 --> 00:02:04,640 Speaker 3: the way you're saying? What am I saying? 41 00:02:04,680 --> 00:02:05,080 Speaker 2: Is it right? 42 00:02:05,280 --> 00:02:06,000 Speaker 5: I'm not a lawyer. 43 00:02:06,120 --> 00:02:07,440 Speaker 4: That's one of those words that I read. 44 00:02:07,440 --> 00:02:08,560 Speaker 2: Is it's revocable? 45 00:02:09,080 --> 00:02:11,440 Speaker 3: Is it revocable. It didn't sound right when it came out. Okay, 46 00:02:11,800 --> 00:02:14,680 Speaker 3: he did that on September twelfth, according to regulatory filey. 47 00:02:15,040 --> 00:02:16,400 Speaker 3: What we really care abouking about? 48 00:02:17,040 --> 00:02:19,560 Speaker 1: Hey, Carol Master, did you know that Agatha Christie was 49 00:02:19,600 --> 00:02:21,000 Speaker 1: also born on this day in history? 50 00:02:22,400 --> 00:02:24,920 Speaker 3: Come back to us, remain come back to us. 51 00:02:25,000 --> 00:02:26,480 Speaker 2: All right, let's get a moment. 52 00:02:26,720 --> 00:02:30,160 Speaker 3: Kat I always need a moment. Katie mentioned Alphabet and 53 00:02:30,160 --> 00:02:31,720 Speaker 3: that's stock up about four and a half percent in 54 00:02:31,720 --> 00:02:35,239 Speaker 3: today's session. Yes, finishing with that three trillion dollar market cap, 55 00:02:35,320 --> 00:02:39,720 Speaker 3: so joining Nvidia, Microsoft, and Apple that trillion dollar market 56 00:02:39,720 --> 00:02:42,880 Speaker 3: three trillion dollar market club market cap club. So we 57 00:02:42,960 --> 00:02:45,639 Speaker 3: definitely see Alphabet go into it. This stock a top 58 00:02:45,680 --> 00:02:49,320 Speaker 3: gainer in the Nasdaq one hundred. And we should point 59 00:02:49,320 --> 00:02:51,400 Speaker 3: out that City raised its price target also on the 60 00:02:51,560 --> 00:02:54,880 Speaker 3: Google parent to two eighty from two twenty five, noting, yes, 61 00:02:55,000 --> 00:02:58,519 Speaker 3: competition facing the company's search business, but also noting greater 62 00:02:58,639 --> 00:03:02,280 Speaker 3: clarity around the Alphabet story when it comes to legal 63 00:03:02,280 --> 00:03:04,920 Speaker 3: and regulatory challenges, and they just think there's also a 64 00:03:04,919 --> 00:03:08,520 Speaker 3: healthy online advertising market. So all in on Alphabet today 65 00:03:08,560 --> 00:03:11,600 Speaker 3: and then Core we definitely an owperformer, up seven point 66 00:03:11,760 --> 00:03:15,640 Speaker 3: six percent in today's session, and that one the cloud 67 00:03:15,639 --> 00:03:19,080 Speaker 3: computing provider when public of course this year, saying at 68 00:03:19,080 --> 00:03:22,000 Speaker 3: shareholder and Video will buy cloud services with an initial 69 00:03:22,040 --> 00:03:23,720 Speaker 3: value of six point three billion. It's all part of 70 00:03:23,760 --> 00:03:25,520 Speaker 3: a deal that was announced a few years ago. But 71 00:03:25,560 --> 00:03:29,639 Speaker 3: it requires Nvidia to buy any excess capacity not used 72 00:03:29,639 --> 00:03:32,120 Speaker 3: by its customers. So Core, are you putting that out 73 00:03:32,160 --> 00:03:34,760 Speaker 3: in a regulatory filing? Anything else about September fifteenth that 74 00:03:34,800 --> 00:03:35,480 Speaker 3: I need to know for me? 75 00:03:35,600 --> 00:03:37,080 Speaker 5: Yeah, I've got a couple. I'm just waiting for the 76 00:03:37,120 --> 00:03:41,400 Speaker 5: right time to interject. Okay, okay, I'll start with some decliners. 77 00:03:41,400 --> 00:03:43,640 Speaker 5: This was the worst performer on a percentage basis in 78 00:03:43,680 --> 00:03:46,360 Speaker 5: the S and P five hundred. Courteva today down five 79 00:03:46,440 --> 00:03:49,280 Speaker 5: point seven percent, following the most inter day going back 80 00:03:49,280 --> 00:03:52,000 Speaker 5: to April of this year, Wall Street analysts find a 81 00:03:52,040 --> 00:03:55,600 Speaker 5: potential breakup of the company's seed and pesticide businesses negative 82 00:03:55,640 --> 00:03:58,880 Speaker 5: for the firm Bloomberg Intelligence as a breakup undermines product 83 00:03:58,880 --> 00:04:01,840 Speaker 5: and financial logic. Bank America says the separation would create 84 00:04:01,880 --> 00:04:05,160 Speaker 5: two weaker entities. You remember the report that we talked 85 00:04:05,200 --> 00:04:07,920 Speaker 5: about here on Friday from the Wall Street Journal said 86 00:04:07,920 --> 00:04:10,520 Speaker 5: that the seed and pesticide companies looking into separating into 87 00:04:10,560 --> 00:04:13,480 Speaker 5: two companies. They cited two people familiar with the matter. 88 00:04:13,920 --> 00:04:17,680 Speaker 5: Haines Celestial down twenty five percent today, lost a quarter 89 00:04:18,200 --> 00:04:20,680 Speaker 5: of its value. This after the company posted fiscal fourth 90 00:04:20,760 --> 00:04:24,440 Speaker 5: quarter results and revealed sales fell thirteen percent. Management provided 91 00:04:24,560 --> 00:04:28,200 Speaker 5: disappointing first quarter guidance. You know, this was only the 92 00:04:28,240 --> 00:04:30,440 Speaker 5: worst day going back to May. That was when it 93 00:04:30,480 --> 00:04:34,040 Speaker 5: fell forty seven percent in a single day. Stock is 94 00:04:34,080 --> 00:04:36,080 Speaker 5: down seventy four percent so far this year, and at 95 00:04:36,080 --> 00:04:38,200 Speaker 5: one point today it hit its lowest level in more 96 00:04:38,240 --> 00:04:39,960 Speaker 5: than thirty years. Going back tonight on with this, I. 97 00:04:39,920 --> 00:04:41,760 Speaker 1: Remember, like when I was younger, I so always you know, 98 00:04:41,839 --> 00:04:43,719 Speaker 1: all their teams that they had. Yeah, it was like 99 00:04:43,760 --> 00:04:45,120 Speaker 1: it was kind of like a staple in our house. 100 00:04:45,360 --> 00:04:47,599 Speaker 5: Celestial Seasoning is the tea. They also have Garden of 101 00:04:47,600 --> 00:04:49,440 Speaker 5: Eaten Chips. I'm like, I'm a big fan of the 102 00:04:49,480 --> 00:04:51,640 Speaker 5: Red Hot Blues. Yeah, I like this too. Those are 103 00:04:51,680 --> 00:04:55,200 Speaker 5: good Earth's Best baby formula, baby food and stuff. So 104 00:04:55,480 --> 00:04:58,200 Speaker 5: it's a pretty diversified portfolio, but they've been under pressure 105 00:04:58,240 --> 00:05:02,440 Speaker 5: for quite a while. Race is out there now, yes, right, yeah, 106 00:05:02,480 --> 00:05:03,239 Speaker 5: there are a lot of choices. 107 00:05:03,240 --> 00:05:04,239 Speaker 2: Doesn't even buy a box. 108 00:05:04,279 --> 00:05:08,520 Speaker 3: Probably if Haynes Celestial like you could either like yeah, buble. 109 00:05:08,320 --> 00:05:09,719 Speaker 5: I mean, I mean, have you been in a grocer. 110 00:05:10,600 --> 00:05:14,000 Speaker 3: Well, my point is like a share of their stock 111 00:05:14,080 --> 00:05:17,200 Speaker 3: is cheaper than probably Oh I got you. Sorry, I 112 00:05:17,279 --> 00:05:19,560 Speaker 3: jumped ahead a little bit, like drinks, some drinks. 113 00:05:19,320 --> 00:05:23,080 Speaker 5: Some dollar dollars six Yeah, okay, I'm just looking up 114 00:05:23,080 --> 00:05:26,640 Speaker 5: at the screen. VF Corp. Also under some pressure today. 115 00:05:27,360 --> 00:05:30,080 Speaker 5: The stock fell today just by about one percent at 116 00:05:30,080 --> 00:05:31,800 Speaker 5: the end of the day. Inter day was down more. 117 00:05:31,839 --> 00:05:34,960 Speaker 5: The company said it'll sell Dickies to brand management from 118 00:05:34,960 --> 00:05:38,480 Speaker 5: Blue Star Alliance for six hundred million dollars in cash. 119 00:05:38,800 --> 00:05:42,760 Speaker 5: They bought Dickies eight years ago for eight hundred and 120 00:05:42,800 --> 00:05:46,760 Speaker 5: twenty million dollars, the company's CFO said. Our CEO rather 121 00:05:46,800 --> 00:05:48,919 Speaker 5: said that the sale will enable VF to bring the 122 00:05:48,920 --> 00:05:51,160 Speaker 5: company's net debt level down. 123 00:05:52,080 --> 00:05:53,840 Speaker 1: Hey, I just want to chime in here at a 124 00:05:53,839 --> 00:05:56,240 Speaker 1: sort of honorable mention a small cap stock moving in 125 00:05:56,240 --> 00:05:58,680 Speaker 1: the after hours trade. Dave and Buster's tick her play 126 00:05:58,880 --> 00:06:01,200 Speaker 1: down as much as ten percent. They're reporting erniees and 127 00:06:01,200 --> 00:06:03,640 Speaker 1: it looks like a big miss here. Second quarter adjusted 128 00:06:03,680 --> 00:06:05,760 Speaker 1: EPs coming in at forty cents a share. The street 129 00:06:05,800 --> 00:06:07,919 Speaker 1: was looking for ninety cents, so a big miss on 130 00:06:08,000 --> 00:06:10,840 Speaker 1: that front. On the revenue side, a modest miss of 131 00:06:10,839 --> 00:06:13,680 Speaker 1: about five hundred and fifty seven one million dollars overall, 132 00:06:13,680 --> 00:06:16,120 Speaker 1: though comp sales down about three percent, and of course 133 00:06:16,160 --> 00:06:17,839 Speaker 1: a lot of people really trying to get a read 134 00:06:17,880 --> 00:06:20,120 Speaker 1: here on what's going on in the economy, whether we're 135 00:06:20,160 --> 00:06:23,800 Speaker 1: still spending more importantly, whether we are still spending on 136 00:06:23,880 --> 00:06:26,440 Speaker 1: discretionary items. We'll keep an eye on that space and 137 00:06:26,480 --> 00:06:28,400 Speaker 1: I'll bring you any updates as soon as we get them. 138 00:06:28,440 --> 00:06:30,360 Speaker 1: Just a quick check on yields, guys. We did see 139 00:06:30,360 --> 00:06:33,280 Speaker 1: the treasury curve shift lower here once again here on 140 00:06:33,320 --> 00:06:35,640 Speaker 1: the day. A lot of folks, of course, really trying 141 00:06:35,680 --> 00:06:40,240 Speaker 1: to reposition or simply position around the big Fed decision 142 00:06:40,279 --> 00:06:42,000 Speaker 1: which comes on Wednesday afternoon. 143 00:06:43,480 --> 00:06:47,480 Speaker 2: This Stock Movers report from Bloomberg Radio. Check back with 144 00:06:47,560 --> 00:06:50,159 Speaker 2: us throughout the day for the latest roundup of companies 145 00:06:50,200 --> 00:06:53,320 Speaker 2: making news on Wall Street and for the latest market 146 00:06:53,360 --> 00:06:57,839 Speaker 2: moving headlines. Listen to Bloomberg Radio Live, catch us on YouTube, 147 00:06:57,920 --> 00:07:01,239 Speaker 2: Bloomberg dot com, and on applecar Play and Android Auto 148 00:07:01,320 --> 00:07:02,880 Speaker 2: with the Bloomberg Business app. 149 00:07:07,279 --> 00:07:07,599 Speaker 5: Mm HM