Speaker 1: Bloomberg Audio Studios, podcasts, radio news.
Speaker 2: This is the closing bell on this stock movers report,
Speaker 2: the company's making moves at the close of US trading
Speaker 2: with Carol Masser, Tim Stenobeck, Romain, Bostik and Scarlet.
Speaker 3: Food S and P five hundred you've got, actually, despite
Speaker 3: a fairmatic green on the screen, three hundred and two
Speaker 3: names in the s and P five hundred, KD losing
Speaker 3: ground TODA one hundred and ninety nine to the upside
Speaker 3: to unchange.
Speaker 4: Well, let's see what the circle says about that. At
Speaker 4: this sector level, you do have some pretty important sectors
Speaker 4: in the green right now, Tech of course chief among them.
Speaker 4: Con Communication services also having a really strong day. A
Speaker 4: lot of that comes back to alphabet, which I'm sure
Speaker 4: we'll discuss. Then you take a look at what isn't
Speaker 4: doing too hot. Consumer staples lower by more than one percent,
Speaker 4: healthcare also getting sold off today, so more red ben green.
Speaker 4: At least taking a look at the sector breakdown, you
Speaker 4: can see what is green on the circle definitely looks good.
Speaker 3: Yeah, pretty dominant there. Let's get to some of the
Speaker 3: individual gainers test.
Speaker 1: Did you know that that William Taff, former president was
Speaker 1: actually born on your wedding anniversary.
Speaker 2: I well knew that.
Speaker 4: There you go, that wasn't the deciding factor in the date.
Speaker 3: Yeah, yeah, that's exactly it. We were talking about when
Speaker 3: we would get married. News you can use all right,
Speaker 3: Tesla top gainer in the S and P and Nasdaq
Speaker 3: one hundred throughout the day. Nothing like the ultimate insider
Speaker 3: Tesla insider buying shares. You guys all know the story,
Speaker 3: Elon Musk. We're kind of responding to that unprecedent proposal
Speaker 3: in terms of the Tesla board, the pay proposal of
Speaker 3: one hundred one trillion dollars. Excuse me. Of course, there
Speaker 3: are some conditions around it, but nonetheless Elon bought about
Speaker 3: a billion dollars worth of shares, so it sent shares
Speaker 3: of Tesla soaring up as much as seven and a
Speaker 3: half percent in today's session, finishing though with about a
Speaker 3: three point six percent gain in today's session. He bought
Speaker 3: them indirectly a revocable trust revocable Excuse me? Is that
Speaker 3: the way you're saying? What am I saying?
Speaker 2: Is it right?
Speaker 5: I'm not a lawyer.
Speaker 4: That's one of those words that I read.
Speaker 2: Is it's revocable?
Speaker 3: Is it revocable. It didn't sound right when it came out. Okay,
Speaker 3: he did that on September twelfth, according to regulatory filey.
Speaker 3: What we really care abouking about?
Speaker 1: Hey, Carol Master, did you know that Agatha Christie was
Speaker 1: also born on this day in history?
Speaker 3: Come back to us, remain come back to us.
Speaker 2: All right, let's get a moment.
Speaker 3: Kat I always need a moment. Katie mentioned Alphabet and
Speaker 3: that's stock up about four and a half percent in
Speaker 3: today's session. Yes, finishing with that three trillion dollar market cap,
Speaker 3: so joining Nvidia, Microsoft, and Apple that trillion dollar market
Speaker 3: three trillion dollar market club market cap club. So we
Speaker 3: definitely see Alphabet go into it. This stock a top
Speaker 3: gainer in the Nasdaq one hundred. And we should point
Speaker 3: out that City raised its price target also on the
Speaker 3: Google parent to two eighty from two twenty five, noting, yes,
Speaker 3: competition facing the company's search business, but also noting greater
Speaker 3: clarity around the Alphabet story when it comes to legal
Speaker 3: and regulatory challenges, and they just think there's also a
Speaker 3: healthy online advertising market. So all in on Alphabet today
Speaker 3: and then Core we definitely an owperformer, up seven point
Speaker 3: six percent in today's session, and that one the cloud
Speaker 3: computing provider when public of course this year, saying at
Speaker 3: shareholder and Video will buy cloud services with an initial
Speaker 3: value of six point three billion. It's all part of
Speaker 3: a deal that was announced a few years ago. But
Speaker 3: it requires Nvidia to buy any excess capacity not used
Speaker 3: by its customers. So Core, are you putting that out
Speaker 3: in a regulatory filing? Anything else about September fifteenth that
Speaker 3: I need to know for me?
Speaker 5: Yeah, I've got a couple. I'm just waiting for the
Speaker 5: right time to interject. Okay, okay, I'll start with some decliners.
Speaker 5: This was the worst performer on a percentage basis in
Speaker 5: the S and P five hundred. Courteva today down five
Speaker 5: point seven percent, following the most inter day going back
Speaker 5: to April of this year, Wall Street analysts find a
Speaker 5: potential breakup of the company's seed and pesticide businesses negative
Speaker 5: for the firm Bloomberg Intelligence as a breakup undermines product
Speaker 5: and financial logic. Bank America says the separation would create
Speaker 5: two weaker entities. You remember the report that we talked
Speaker 5: about here on Friday from the Wall Street Journal said
Speaker 5: that the seed and pesticide companies looking into separating into
Speaker 5: two companies. They cited two people familiar with the matter.
Speaker 5: Haines Celestial down twenty five percent today, lost a quarter
Speaker 5: of its value. This after the company posted fiscal fourth
Speaker 5: quarter results and revealed sales fell thirteen percent. Management provided
Speaker 5: disappointing first quarter guidance. You know, this was only the
Speaker 5: worst day going back to May. That was when it
Speaker 5: fell forty seven percent in a single day. Stock is
Speaker 5: down seventy four percent so far this year, and at
Speaker 5: one point today it hit its lowest level in more
Speaker 5: than thirty years. Going back tonight on with this, I.
Speaker 1: Remember, like when I was younger, I so always you know,
Speaker 1: all their teams that they had. Yeah, it was like
Speaker 1: it was kind of like a staple in our house.
Speaker 5: Celestial Seasoning is the tea. They also have Garden of
Speaker 5: Eaten Chips. I'm like, I'm a big fan of the
Speaker 5: Red Hot Blues. Yeah, I like this too. Those are
Speaker 5: good Earth's Best baby formula, baby food and stuff. So
Speaker 5: it's a pretty diversified portfolio, but they've been under pressure
Speaker 5: for quite a while. Race is out there now, yes, right, yeah,
Speaker 5: there are a lot of choices.
Speaker 2: Doesn't even buy a box.
Speaker 3: Probably if Haynes Celestial like you could either like yeah, buble.
Speaker 5: I mean, I mean, have you been in a grocer.
Speaker 3: Well, my point is like a share of their stock
Speaker 3: is cheaper than probably Oh I got you. Sorry, I
Speaker 3: jumped ahead a little bit, like drinks, some drinks.
Speaker 5: Some dollar dollars six Yeah, okay, I'm just looking up
Speaker 5: at the screen. VF Corp. Also under some pressure today.
Speaker 5: The stock fell today just by about one percent at
Speaker 5: the end of the day. Inter day was down more.
Speaker 5: The company said it'll sell Dickies to brand management from
Speaker 5: Blue Star Alliance for six hundred million dollars in cash.
Speaker 5: They bought Dickies eight years ago for eight hundred and
Speaker 5: twenty million dollars, the company's CFO said. Our CEO rather
Speaker 5: said that the sale will enable VF to bring the
Speaker 5: company's net debt level down.
Speaker 1: Hey, I just want to chime in here at a
Speaker 1: sort of honorable mention a small cap stock moving in
Speaker 1: the after hours trade. Dave and Buster's tick her play
Speaker 1: down as much as ten percent. They're reporting erniees and
Speaker 1: it looks like a big miss here. Second quarter adjusted
Speaker 1: EPs coming in at forty cents a share. The street
Speaker 1: was looking for ninety cents, so a big miss on
Speaker 1: that front. On the revenue side, a modest miss of
Speaker 1: about five hundred and fifty seven one million dollars overall,
Speaker 1: though comp sales down about three percent, and of course
Speaker 1: a lot of people really trying to get a read
Speaker 1: here on what's going on in the economy, whether we're
Speaker 1: still spending more importantly, whether we are still spending on
Speaker 1: discretionary items. We'll keep an eye on that space and
Speaker 1: I'll bring you any updates as soon as we get them.
Speaker 1: Just a quick check on yields, guys. We did see
Speaker 1: the treasury curve shift lower here once again here on
Speaker 1: the day. A lot of folks, of course, really trying
Speaker 1: to reposition or simply position around the big Fed decision
Speaker 1: which comes on Wednesday afternoon.
Speaker 2: This Stock Movers report from Bloomberg Radio. Check back with
Speaker 2: us throughout the day for the latest roundup of companies
Speaker 2: making news on Wall Street and for the latest market
Speaker 2: moving headlines. Listen to Bloomberg Radio Live, catch us on YouTube,
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Speaker 5: Mm HM