WEBVTT - BlackRock Rises, Stellantis Gains, Morgan Stanley Jumps After Earnings    

0:00:02.520 --> 0:00:07.360
<v Speaker 1>Bloomberg Audio Studios, podcasts, radio News.

0:00:08.560 --> 0:00:12.440
<v Speaker 2>The Stock Movers Report, your roundup of companies making moves

0:00:12.480 --> 0:00:15.880
<v Speaker 2>in the stock market, harnessing the power of Bloomberg Data.

0:00:16.200 --> 0:00:19.759
<v Speaker 3>Paul Sweeny and Scarlett Food here Bloomberg Intelligence on Bloomberg Radio,

0:00:19.760 --> 0:00:22.680
<v Speaker 3>where streaming live on YouTube? What's going on in terms

0:00:22.720 --> 0:00:24.640
<v Speaker 3>of m and A. So for that, let's bring in

0:00:24.920 --> 0:00:27.120
<v Speaker 3>Christina Quino Bloomberg News to take a look at some

0:00:27.280 --> 0:00:30.920
<v Speaker 3>stocks on the move. And Christine, you are starting with Blackrock. Yeah,

0:00:31.000 --> 0:00:33.480
<v Speaker 3>let's take a look at Blackrock. That's having a good day.

0:00:33.720 --> 0:00:37.280
<v Speaker 1>So ticker b LK shares are of just over one percent,

0:00:37.360 --> 0:00:39.920
<v Speaker 1>but earlier up as much as one point nine percent.

0:00:40.080 --> 0:00:43.240
<v Speaker 1>And that is because we did get used that BlackRock's

0:00:43.320 --> 0:00:48.159
<v Speaker 1>global infrastructure partners agreed to buy Aligned data centers. So

0:00:48.280 --> 0:00:51.479
<v Speaker 1>that's currently owned by Macquarie Acid Management. It's going to

0:00:51.520 --> 0:00:55.040
<v Speaker 1>be a forty billion dollar deal and yet another example

0:00:55.080 --> 0:00:57.640
<v Speaker 1>of just how much firms really want to get into

0:00:58.000 --> 0:00:59.680
<v Speaker 1>this data center trade.

0:01:00.080 --> 0:01:03.040
<v Speaker 4>You know what's funny, I thought this was a huge deal.

0:01:03.240 --> 0:01:05.959
<v Speaker 4>So I email Neil SIPs Bloomberg Intelligence and also covers

0:01:06.000 --> 0:01:07.920
<v Speaker 4>black Rock, and I said, Neil, it's just a big

0:01:07.959 --> 0:01:13.959
<v Speaker 4>dealer says, eh, it's a drop in Blackrock. They make

0:01:13.959 --> 0:01:15.759
<v Speaker 4>these kind of bets all the time, which I thought

0:01:15.760 --> 0:01:17.520
<v Speaker 4>was funny. So I guess that's the world we live

0:01:17.520 --> 0:01:18.040
<v Speaker 4>in here.

0:01:17.959 --> 0:01:21.280
<v Speaker 1>Exactly Like everybody just wants to get into this data

0:01:21.319 --> 0:01:24.559
<v Speaker 1>centered trade and yeah, exactly right, right, Like forty billion

0:01:24.959 --> 0:01:26.679
<v Speaker 1>doesn't seem like it's a lot of money to spend,

0:01:26.720 --> 0:01:30.520
<v Speaker 1>especially when you consider the expected return from this space

0:01:31.040 --> 0:01:34.520
<v Speaker 1>in the AI theme. And so yeah, so the idea

0:01:34.720 --> 0:01:37.840
<v Speaker 1>is that you know, Aligned, it's it's based in Texas,

0:01:38.000 --> 0:01:41.720
<v Speaker 1>operates throughout the US South America, fifty campuses and seventy

0:01:41.920 --> 0:01:46.880
<v Speaker 1>data centers under management. Interestingly, Blackrocks partners in this investment.

0:01:47.080 --> 0:01:48.800
<v Speaker 1>Guess who? Microsoft and Advice?

0:01:48.880 --> 0:01:49.720
<v Speaker 4>Yeah, good partners.

0:01:50.040 --> 0:01:53.320
<v Speaker 1>Good partners. Probably though we'll fuel some of those circlear

0:01:53.440 --> 0:01:56.880
<v Speaker 1>funding concerns that we've seen permeate the market space over

0:01:56.920 --> 0:02:00.000
<v Speaker 1>the last week or so. But anyway, that is due

0:02:00.160 --> 0:02:01.680
<v Speaker 1>well for Blackrock shares today.

0:02:02.200 --> 0:02:04.200
<v Speaker 3>And you're looking at Stilantis as well.

0:02:04.360 --> 0:02:08.160
<v Speaker 1>Yes, let's take a look at Solantis to STLA shares

0:02:08.280 --> 0:02:10.720
<v Speaker 1>also doing well this morning, up now more than one

0:02:10.760 --> 0:02:13.799
<v Speaker 1>point three percent, so extending some of those early morning gains.

0:02:14.040 --> 0:02:17.079
<v Speaker 1>So this is the maker of jeep SUVs, and they've

0:02:17.120 --> 0:02:19.440
<v Speaker 1>been struggling to gain market share in the US for

0:02:19.480 --> 0:02:22.400
<v Speaker 1>a while, and so now they vow to invest thirteen

0:02:22.440 --> 0:02:26.240
<v Speaker 1>billion dollars in the US markets over the next four years.

0:02:26.600 --> 0:02:28.680
<v Speaker 1>And you know, they're saying that this is their single

0:02:28.720 --> 0:02:31.960
<v Speaker 1>largest investment in more than one hundred years. Analysts are

0:02:32.000 --> 0:02:34.639
<v Speaker 1>seeing this as a move to counteract any pain from

0:02:34.720 --> 0:02:38.600
<v Speaker 1>terrafs because in July Slanti is estimated that their hit

0:02:38.639 --> 0:02:40.680
<v Speaker 1>from Terras is probably going to be the equivalent of

0:02:40.720 --> 0:02:44.680
<v Speaker 1>one point seven billion at least for this year. Bloomery

0:02:44.680 --> 0:02:47.680
<v Speaker 1>Intelligence is away and still saying, you know, they would

0:02:47.720 --> 0:02:50.880
<v Speaker 1>like more details about this investment, especially because it's not

0:02:50.960 --> 0:02:53.400
<v Speaker 1>clear if, okay, is this actually a new investment or

0:02:53.480 --> 0:02:55.960
<v Speaker 1>is this just part of their cap explan which is

0:02:55.960 --> 0:02:59.520
<v Speaker 1>currently estimated at about ten billion euros. So it's comparable,

0:02:59.600 --> 0:03:03.919
<v Speaker 1>you know, right, and last time Morgan Stanley, Morgan Stanley,

0:03:04.000 --> 0:03:06.240
<v Speaker 1>we got those results today and shares are doing well,

0:03:06.320 --> 0:03:08.800
<v Speaker 1>so tick her ms and we're now seeing that stock

0:03:08.919 --> 0:03:12.800
<v Speaker 1>up more than six percent, you know, stock traders definitely

0:03:12.840 --> 0:03:16.919
<v Speaker 1>the headline figure four Morgan Stanley's earnings. They exceeded revenue

0:03:16.919 --> 0:03:19.880
<v Speaker 1>expectations in the third quarter with more than four billion

0:03:19.919 --> 0:03:22.919
<v Speaker 1>dollars of revenue. But the chair on top of the

0:03:22.960 --> 0:03:25.320
<v Speaker 1>Sunday is the fact that they beat Goldman Sachs So

0:03:25.320 --> 0:03:30.560
<v Speaker 1>goldin Sacks comparable stock trading revenue only three point seventy

0:03:30.560 --> 0:03:33.760
<v Speaker 1>four billion. I say only, but you know so this

0:03:33.840 --> 0:03:37.560
<v Speaker 1>is something definitely that Morgan Stanley Traders will use as

0:03:37.560 --> 0:03:40.520
<v Speaker 1>bragging rights at least until the next earning season. Advestment

0:03:40.520 --> 0:03:43.800
<v Speaker 1>banking fees also rose forty four percent. Wealth Business is

0:03:43.880 --> 0:03:47.000
<v Speaker 1>doing well. They're exceeded revenue estimates. They pulled in eighty

0:03:47.000 --> 0:03:50.680
<v Speaker 1>one billion dollars in new assets and recorded a pre

0:03:50.960 --> 0:03:53.760
<v Speaker 1>tax profit margin of forty percent. Wealth Parker's Mike may

0:03:53.800 --> 0:03:56.360
<v Speaker 1>A weighing in, saying that the equities revenue was best

0:03:56.400 --> 0:03:56.840
<v Speaker 1>in class.

0:03:58.120 --> 0:04:02.120
<v Speaker 2>This stock mover's report from Bloomberg Radio. Check back with

0:04:02.240 --> 0:04:04.800
<v Speaker 2>us throughout the day for the latest roundup of companies

0:04:04.880 --> 0:04:07.960
<v Speaker 2>making news on Wall Street and for the latest market

0:04:08.000 --> 0:04:12.440
<v Speaker 2>moving headlines. Listen to Bloomberg Radio Live, catch us on YouTube,

0:04:12.560 --> 0:04:16.040
<v Speaker 2>Bloomberg dot com, and on Applecarplay and Android Auto with

0:04:16.120 --> 0:04:17.599
<v Speaker 2>the Bloomberg Business app.