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: Let's take a look at some of the stocks on
Speaker 3: the move. I'm popsuing you alongside Scarlett Fuh. We're joined
Speaker 3: by Bloomberg's Christina Christine. What are you looking at?
Speaker 1: Well, we got to take a look at Oracle, Paul,
Speaker 1: because that was at the epicenter of last week's very
Speaker 1: turmoil in stocks in general. But yeah, today it's doing
Speaker 1: quite well, so ticker o RCL. Those shares are merely
Speaker 1: two percent at the moment, just keeping along with the
Speaker 1: rally in the rest of the equity complex here. But
Speaker 1: all is not in the clear because looking at the
Speaker 1: credit space for Oracle, their credit default swaps, so this
Speaker 1: is the cost of protecting against the potential default in Oracle.
Speaker 1: That rose to the highest in more than three years.
Speaker 1: So that means that people are still demanding that protection.
Speaker 1: And you know, it really is still all about the
Speaker 1: questions over how are these companies going to fund their aideals?
Speaker 1: And for Oracle specifically, it's credit rating is actually weaker
Speaker 1: than Microsoft or alphabet, and this is why it's becoming
Speaker 1: a bit of a barometer for just risk in the market,
Speaker 1: at least when it comes to all these credit questions.
Speaker 1: And by the way, this last week that costs Larry
Speaker 1: Ellison's net worth to go down one hundred and thirty
Speaker 1: billion dollars, so you know, he's briefly the world's richest
Speaker 1: person in September. But yeah, not anymore.
Speaker 2: Fairly or unfairly.
Speaker 1: The credit market has picked on Oracle as the way
Speaker 1: to perhaps hedge against or maybe even bet against the
Speaker 1: whole aid.
Speaker 3: I think the reason I just looked at the FA
Speaker 3: function on the Bloomberg Remote Financial Analysis, the net debt
Speaker 3: to ebath dosbout four times on a trailing basis, maybe
Speaker 3: three point eight on a forward basis. That's very high
Speaker 3: for techs the standards, it's rare something north of one
Speaker 3: or two. So to be at that level, that's kind
Speaker 3: of what I think, and it stands in contrast to
Speaker 3: the rest of the tech industry that is r exactly.
Speaker 1: Let's talk about yeah alphabet, so that is on a
Speaker 1: positive end of the tech spectrum, of course, leading those
Speaker 1: gains those shares took her goog l up now five
Speaker 1: point nine percent and really leading the rally also hit
Speaker 1: a record high earlier today, and you know, still very
Speaker 1: much coasting off of the rave reviews for its latest
Speaker 1: Gemini AI model. And also remember last week, so the
Speaker 1: Information was reporting that Opening I CEO Sam Amo was
Speaker 1: apparently telling recent colleagues that their progress, or Alphabet's progress
Speaker 1: in the AI space could actually quote create some temporary
Speaker 1: economic headwinds for our company. So Open AI feeling a
Speaker 1: little bit of competition from Alphabet here. And you know,
Speaker 1: very interesting though, because Bloomery Intelligence did some analysis and
Speaker 1: they found that regardless, you know, despite of all these
Speaker 1: pauses for Alphabet the company, their extras returns a year
Speaker 1: to date are still the weakest amost investment grade tech piers.
Speaker 1: But perhaps given the reviews for their new Gemini model,
Speaker 1: dot Com could change the tide a little bit here.
Speaker 3: I think Gemini is basically the only way I really
Speaker 3: deal with AI.
Speaker 1: But it's good because you rely on Google searches and
Speaker 1: it pops up right away and.
Speaker 3: It's very good. But what I do notice is I
Speaker 3: don't click on many links, so the ad model for them,
Speaker 3: I would think would be a risk. But people like
Speaker 3: man Deep seing saying no, it's not it's okay. And
Speaker 3: the stocks at an all time high.
Speaker 1: So tych advertisers, they're not happy about it, I know,
Speaker 1: but I.
Speaker 3: Mean Google stock all time high, so I guess they're
Speaker 3: figuring it out.
Speaker 1: Yeah, are happy at least I'm a Gemini guy. Ok, yeah,
Speaker 1: I can senteen senteen yeah, so took her. A CNC
Speaker 1: Joe chair is also doing all this morning, up more
Speaker 1: than seven percent. And now, so this is a health insurer, right,
Speaker 1: And of course we got that report from Politico saying
Speaker 1: that the White House is apparently expected to propose a
Speaker 1: two year extension of Obamacare subsidies with new limits on eligibility.
Speaker 1: EMMA is now also reporting that President Donald Trump is
Speaker 1: expected to announce a general framework to address healthcare costs
Speaker 1: and spikes in ACA insurance premium scenting of course offering
Speaker 1: healthcare plans under the ACA marketplace, so potentially go use
Speaker 1: for them there.
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