1 00:00:02,520 --> 00:00:07,360 Speaker 1: Bloomberg Audio Studios, podcasts, radio News. 2 00:00:08,560 --> 00:00:12,440 Speaker 2: The Stock Movers Report, your roundup of companies making moves 3 00:00:12,480 --> 00:00:15,880 Speaker 2: in the stock market, harnessing the power of Bloomberg Data. 4 00:00:16,200 --> 00:00:19,759 Speaker 3: Paul Sweeny and Scarlett Food here Bloomberg Intelligence on Bloomberg Radio, 5 00:00:19,760 --> 00:00:22,680 Speaker 3: where streaming live on YouTube? What's going on in terms 6 00:00:22,720 --> 00:00:24,640 Speaker 3: of m and A. So for that, let's bring in 7 00:00:24,920 --> 00:00:27,120 Speaker 3: Christina Quino Bloomberg News to take a look at some 8 00:00:27,280 --> 00:00:30,920 Speaker 3: stocks on the move. And Christine, you are starting with Blackrock. Yeah, 9 00:00:31,000 --> 00:00:33,480 Speaker 3: let's take a look at Blackrock. That's having a good day. 10 00:00:33,720 --> 00:00:37,280 Speaker 1: So ticker b LK shares are of just over one percent, 11 00:00:37,360 --> 00:00:39,920 Speaker 1: but earlier up as much as one point nine percent. 12 00:00:40,080 --> 00:00:43,240 Speaker 1: And that is because we did get used that BlackRock's 13 00:00:43,320 --> 00:00:48,159 Speaker 1: global infrastructure partners agreed to buy Aligned data centers. So 14 00:00:48,280 --> 00:00:51,479 Speaker 1: that's currently owned by Macquarie Acid Management. It's going to 15 00:00:51,520 --> 00:00:55,040 Speaker 1: be a forty billion dollar deal and yet another example 16 00:00:55,080 --> 00:00:57,640 Speaker 1: of just how much firms really want to get into 17 00:00:58,000 --> 00:00:59,680 Speaker 1: this data center trade. 18 00:01:00,080 --> 00:01:03,040 Speaker 4: You know what's funny, I thought this was a huge deal. 19 00:01:03,240 --> 00:01:05,959 Speaker 4: So I email Neil SIPs Bloomberg Intelligence and also covers 20 00:01:06,000 --> 00:01:07,920 Speaker 4: black Rock, and I said, Neil, it's just a big 21 00:01:07,959 --> 00:01:13,959 Speaker 4: dealer says, eh, it's a drop in Blackrock. They make 22 00:01:13,959 --> 00:01:15,759 Speaker 4: these kind of bets all the time, which I thought 23 00:01:15,760 --> 00:01:17,520 Speaker 4: was funny. So I guess that's the world we live 24 00:01:17,520 --> 00:01:18,040 Speaker 4: in here. 25 00:01:17,959 --> 00:01:21,280 Speaker 1: Exactly Like everybody just wants to get into this data 26 00:01:21,319 --> 00:01:24,559 Speaker 1: centered trade and yeah, exactly right, right, Like forty billion 27 00:01:24,959 --> 00:01:26,679 Speaker 1: doesn't seem like it's a lot of money to spend, 28 00:01:26,720 --> 00:01:30,520 Speaker 1: especially when you consider the expected return from this space 29 00:01:31,040 --> 00:01:34,520 Speaker 1: in the AI theme. And so yeah, so the idea 30 00:01:34,720 --> 00:01:37,840 Speaker 1: is that you know, Aligned, it's it's based in Texas, 31 00:01:38,000 --> 00:01:41,720 Speaker 1: operates throughout the US South America, fifty campuses and seventy 32 00:01:41,920 --> 00:01:46,880 Speaker 1: data centers under management. Interestingly, Blackrocks partners in this investment. 33 00:01:47,080 --> 00:01:48,800 Speaker 1: Guess who? Microsoft and Advice? 34 00:01:48,880 --> 00:01:49,720 Speaker 4: Yeah, good partners. 35 00:01:50,040 --> 00:01:53,320 Speaker 1: Good partners. Probably though we'll fuel some of those circlear 36 00:01:53,440 --> 00:01:56,880 Speaker 1: funding concerns that we've seen permeate the market space over 37 00:01:56,920 --> 00:02:00,000 Speaker 1: the last week or so. But anyway, that is due 38 00:02:00,160 --> 00:02:01,680 Speaker 1: well for Blackrock shares today. 39 00:02:02,200 --> 00:02:04,200 Speaker 3: And you're looking at Stilantis as well. 40 00:02:04,360 --> 00:02:08,160 Speaker 1: Yes, let's take a look at Solantis to STLA shares 41 00:02:08,280 --> 00:02:10,720 Speaker 1: also doing well this morning, up now more than one 42 00:02:10,760 --> 00:02:13,799 Speaker 1: point three percent, so extending some of those early morning gains. 43 00:02:14,040 --> 00:02:17,079 Speaker 1: So this is the maker of jeep SUVs, and they've 44 00:02:17,120 --> 00:02:19,440 Speaker 1: been struggling to gain market share in the US for 45 00:02:19,480 --> 00:02:22,400 Speaker 1: a while, and so now they vow to invest thirteen 46 00:02:22,440 --> 00:02:26,240 Speaker 1: billion dollars in the US markets over the next four years. 47 00:02:26,600 --> 00:02:28,680 Speaker 1: And you know, they're saying that this is their single 48 00:02:28,720 --> 00:02:31,960 Speaker 1: largest investment in more than one hundred years. Analysts are 49 00:02:32,000 --> 00:02:34,639 Speaker 1: seeing this as a move to counteract any pain from 50 00:02:34,720 --> 00:02:38,600 Speaker 1: terrafs because in July Slanti is estimated that their hit 51 00:02:38,639 --> 00:02:40,680 Speaker 1: from Terras is probably going to be the equivalent of 52 00:02:40,720 --> 00:02:44,680 Speaker 1: one point seven billion at least for this year. Bloomery 53 00:02:44,680 --> 00:02:47,680 Speaker 1: Intelligence is away and still saying, you know, they would 54 00:02:47,720 --> 00:02:50,880 Speaker 1: like more details about this investment, especially because it's not 55 00:02:50,960 --> 00:02:53,400 Speaker 1: clear if, okay, is this actually a new investment or 56 00:02:53,480 --> 00:02:55,960 Speaker 1: is this just part of their cap explan which is 57 00:02:55,960 --> 00:02:59,520 Speaker 1: currently estimated at about ten billion euros. So it's comparable, 58 00:02:59,600 --> 00:03:03,919 Speaker 1: you know, right, and last time Morgan Stanley, Morgan Stanley, 59 00:03:04,000 --> 00:03:06,240 Speaker 1: we got those results today and shares are doing well, 60 00:03:06,320 --> 00:03:08,800 Speaker 1: so tick her ms and we're now seeing that stock 61 00:03:08,919 --> 00:03:12,800 Speaker 1: up more than six percent, you know, stock traders definitely 62 00:03:12,840 --> 00:03:16,919 Speaker 1: the headline figure four Morgan Stanley's earnings. They exceeded revenue 63 00:03:16,919 --> 00:03:19,880 Speaker 1: expectations in the third quarter with more than four billion 64 00:03:19,919 --> 00:03:22,919 Speaker 1: dollars of revenue. But the chair on top of the 65 00:03:22,960 --> 00:03:25,320 Speaker 1: Sunday is the fact that they beat Goldman Sachs So 66 00:03:25,320 --> 00:03:30,560 Speaker 1: goldin Sacks comparable stock trading revenue only three point seventy 67 00:03:30,560 --> 00:03:33,760 Speaker 1: four billion. I say only, but you know so this 68 00:03:33,840 --> 00:03:37,560 Speaker 1: is something definitely that Morgan Stanley Traders will use as 69 00:03:37,560 --> 00:03:40,520 Speaker 1: bragging rights at least until the next earning season. Advestment 70 00:03:40,520 --> 00:03:43,800 Speaker 1: banking fees also rose forty four percent. Wealth Business is 71 00:03:43,880 --> 00:03:47,000 Speaker 1: doing well. They're exceeded revenue estimates. They pulled in eighty 72 00:03:47,000 --> 00:03:50,680 Speaker 1: one billion dollars in new assets and recorded a pre 73 00:03:50,960 --> 00:03:53,760 Speaker 1: tax profit margin of forty percent. Wealth Parker's Mike may 74 00:03:53,800 --> 00:03:56,360 Speaker 1: A weighing in, saying that the equities revenue was best 75 00:03:56,400 --> 00:03:56,840 Speaker 1: in class. 76 00:03:58,120 --> 00:04:02,120 Speaker 2: This stock mover's report from Bloomberg Radio. Check back with 77 00:04:02,240 --> 00:04:04,800 Speaker 2: us throughout the day for the latest roundup of companies 78 00:04:04,880 --> 00:04:07,960 Speaker 2: making news on Wall Street and for the latest market 79 00:04:08,000 --> 00:04:12,440 Speaker 2: moving headlines. Listen to Bloomberg Radio Live, catch us on YouTube, 80 00:04:12,560 --> 00:04:16,040 Speaker 2: Bloomberg dot com, and on Applecarplay and Android Auto with 81 00:04:16,120 --> 00:04:17,599 Speaker 2: the Bloomberg Business app.