Speaker 1: Bloomberg Audio Studios, podcasts, radio News.
Speaker 2: The Stock Movers Report, your roundup of companies making moves
Speaker 2: in the stock market, harnessing the power of Bloomberg Data.
Speaker 3: Paul Sweeny and Scarlett Food here Bloomberg Intelligence on Bloomberg Radio,
Speaker 3: where streaming live on YouTube? What's going on in terms
Speaker 3: of m and A. So for that, let's bring in
Speaker 3: Christina Quino Bloomberg News to take a look at some
Speaker 3: stocks on the move. And Christine, you are starting with Blackrock. Yeah,
Speaker 3: let's take a look at Blackrock. That's having a good day.
Speaker 1: So ticker b LK shares are of just over one percent,
Speaker 1: but earlier up as much as one point nine percent.
Speaker 1: And that is because we did get used that BlackRock's
Speaker 1: global infrastructure partners agreed to buy Aligned data centers. So
Speaker 1: that's currently owned by Macquarie Acid Management. It's going to
Speaker 1: be a forty billion dollar deal and yet another example
Speaker 1: of just how much firms really want to get into
Speaker 1: this data center trade.
Speaker 4: You know what's funny, I thought this was a huge deal.
Speaker 4: So I email Neil SIPs Bloomberg Intelligence and also covers
Speaker 4: black Rock, and I said, Neil, it's just a big
Speaker 4: dealer says, eh, it's a drop in Blackrock. They make
Speaker 4: these kind of bets all the time, which I thought
Speaker 4: was funny. So I guess that's the world we live
Speaker 4: in here.
Speaker 1: Exactly Like everybody just wants to get into this data
Speaker 1: centered trade and yeah, exactly right, right, Like forty billion
Speaker 1: doesn't seem like it's a lot of money to spend,
Speaker 1: especially when you consider the expected return from this space
Speaker 1: in the AI theme. And so yeah, so the idea
Speaker 1: is that you know, Aligned, it's it's based in Texas,
Speaker 1: operates throughout the US South America, fifty campuses and seventy
Speaker 1: data centers under management. Interestingly, Blackrocks partners in this investment.
Speaker 1: Guess who? Microsoft and Advice?
Speaker 4: Yeah, good partners.
Speaker 1: Good partners. Probably though we'll fuel some of those circlear
Speaker 1: funding concerns that we've seen permeate the market space over
Speaker 1: the last week or so. But anyway, that is due
Speaker 1: well for Blackrock shares today.
Speaker 3: And you're looking at Stilantis as well.
Speaker 1: Yes, let's take a look at Solantis to STLA shares
Speaker 1: also doing well this morning, up now more than one
Speaker 1: point three percent, so extending some of those early morning gains.
Speaker 1: So this is the maker of jeep SUVs, and they've
Speaker 1: been struggling to gain market share in the US for
Speaker 1: a while, and so now they vow to invest thirteen
Speaker 1: billion dollars in the US markets over the next four years.
Speaker 1: And you know, they're saying that this is their single
Speaker 1: largest investment in more than one hundred years. Analysts are
Speaker 1: seeing this as a move to counteract any pain from
Speaker 1: terrafs because in July Slanti is estimated that their hit
Speaker 1: from Terras is probably going to be the equivalent of
Speaker 1: one point seven billion at least for this year. Bloomery
Speaker 1: Intelligence is away and still saying, you know, they would
Speaker 1: like more details about this investment, especially because it's not
Speaker 1: clear if, okay, is this actually a new investment or
Speaker 1: is this just part of their cap explan which is
Speaker 1: currently estimated at about ten billion euros. So it's comparable,
Speaker 1: you know, right, and last time Morgan Stanley, Morgan Stanley,
Speaker 1: we got those results today and shares are doing well,
Speaker 1: so tick her ms and we're now seeing that stock
Speaker 1: up more than six percent, you know, stock traders definitely
Speaker 1: the headline figure four Morgan Stanley's earnings. They exceeded revenue
Speaker 1: expectations in the third quarter with more than four billion
Speaker 1: dollars of revenue. But the chair on top of the
Speaker 1: Sunday is the fact that they beat Goldman Sachs So
Speaker 1: goldin Sacks comparable stock trading revenue only three point seventy
Speaker 1: four billion. I say only, but you know so this
Speaker 1: is something definitely that Morgan Stanley Traders will use as
Speaker 1: bragging rights at least until the next earning season. Advestment
Speaker 1: banking fees also rose forty four percent. Wealth Business is
Speaker 1: doing well. They're exceeded revenue estimates. They pulled in eighty
Speaker 1: one billion dollars in new assets and recorded a pre
Speaker 1: tax profit margin of forty percent. Wealth Parker's Mike may
Speaker 1: A weighing in, saying that the equities revenue was best
Speaker 1: in class.
Speaker 2: This stock mover's 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
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