1 00:00:02,520 --> 00:00:07,000 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 00:00:16,640 --> 00:00:18,439 Speaker 3: Let's take a look at some stocks on the move today. 5 00:00:18,480 --> 00:00:21,720 Speaker 3: I'm Nathan Hager, joined by Bloomberg's Valerie Titel. With a 6 00:00:21,760 --> 00:00:25,320 Speaker 3: lot going on in individual stocks this morning. Valerie starting 7 00:00:25,360 --> 00:00:29,080 Speaker 3: off with Nvidia, big moves from President Trump and apparently 8 00:00:29,080 --> 00:00:31,000 Speaker 3: some big mosts from China as well. 9 00:00:31,000 --> 00:00:33,720 Speaker 1: Good morning, Yeah, exactly a lot in the fine details 10 00:00:33,720 --> 00:00:36,559 Speaker 1: with this Nvidia announcement, but in Video shares are in 11 00:00:36,640 --> 00:00:39,120 Speaker 1: the green. They're up six tens of one percent, and 12 00:00:39,159 --> 00:00:42,280 Speaker 1: that comes after Trump has given approval for them to 13 00:00:42,400 --> 00:00:45,440 Speaker 1: sell a chip called the H two hundred used in 14 00:00:45,479 --> 00:00:48,960 Speaker 1: AI inprints into China in exchange for a twenty five 15 00:00:49,040 --> 00:00:52,479 Speaker 1: percent surcharge, and Video shares originally had risen as much 16 00:00:52,479 --> 00:00:56,160 Speaker 1: as two point nine percent in after hours trade. Now 17 00:00:56,360 --> 00:01:00,520 Speaker 1: that decision allows Video to potentially regain some business in China. 18 00:01:00,560 --> 00:01:03,720 Speaker 1: But the keyword there is potentially, because we've also heard 19 00:01:03,840 --> 00:01:08,600 Speaker 1: from the FT reporting that Chinese regulators are discussing ways 20 00:01:08,640 --> 00:01:12,400 Speaker 1: to limit permits in access to this chip. That's despite 21 00:01:12,440 --> 00:01:16,480 Speaker 1: Trump's export approval, so again another sign that China is 22 00:01:16,560 --> 00:01:19,840 Speaker 1: really pushing for self sufficiency in chip production. Similar move 23 00:01:19,920 --> 00:01:24,000 Speaker 1: happened back when the Trump administration lifted the export ban 24 00:01:24,319 --> 00:01:27,600 Speaker 1: of the H twenty chip from the Nvidia. Beijing also 25 00:01:27,680 --> 00:01:29,560 Speaker 1: moved to limit access to it. So a bit of 26 00:01:29,600 --> 00:01:32,240 Speaker 1: back and forth for Nvidia. But we're just slightly in 27 00:01:32,240 --> 00:01:34,479 Speaker 1: the green for the share of half of one percent. 28 00:01:34,800 --> 00:01:36,560 Speaker 3: I guess there's probably going to be a lots more 29 00:01:36,640 --> 00:01:40,480 Speaker 3: back and forth when it comes to the entertainment companies 30 00:01:40,520 --> 00:01:41,240 Speaker 3: that are at. 31 00:01:41,080 --> 00:01:41,840 Speaker 2: War with each other. 32 00:01:42,080 --> 00:01:44,200 Speaker 3: For Warner Brothers Discovery. 33 00:01:43,920 --> 00:01:44,520 Speaker 2: Yeah, that's right. 34 00:01:44,560 --> 00:01:47,200 Speaker 1: Paramount out with that hostile bid, and yesterday's session. The 35 00:01:47,280 --> 00:01:49,920 Speaker 1: key thing really in the pre market move is that 36 00:01:49,960 --> 00:01:53,080 Speaker 1: Paramount shares are continuing to trade higher. They leaped by 37 00:01:53,200 --> 00:01:57,400 Speaker 1: nine percent in yesterday's session. They're up another three and 38 00:01:57,480 --> 00:02:00,600 Speaker 1: a quarter now. A lot of speculation and why Paramount 39 00:02:00,640 --> 00:02:03,120 Speaker 1: is trading so strongly off the back of this, because 40 00:02:03,160 --> 00:02:06,000 Speaker 1: normally someone who does make an acquiring bid like this, 41 00:02:06,680 --> 00:02:09,400 Speaker 1: shares normally trade in the red off the back of it. 42 00:02:09,520 --> 00:02:11,760 Speaker 1: But I think there's a lot of attention on the 43 00:02:11,800 --> 00:02:15,160 Speaker 1: fact that those who are pledging equity in this deal 44 00:02:15,240 --> 00:02:17,200 Speaker 1: that being a lot of those Middle East funds, you know, 45 00:02:17,240 --> 00:02:21,880 Speaker 1: the Saudi Arabia PIF Qatar is also involved. They've agreed 46 00:02:21,919 --> 00:02:26,560 Speaker 1: to forego governance rights or board seats, which essentially is 47 00:02:26,560 --> 00:02:28,840 Speaker 1: giving a lot of cash in Paramount's hands with not 48 00:02:28,880 --> 00:02:31,960 Speaker 1: a lot of strings attached. That's positive for the shareholders. 49 00:02:31,960 --> 00:02:34,680 Speaker 1: So perhaps that's why we're seeing the outperformance again today 50 00:02:35,000 --> 00:02:38,040 Speaker 1: for Paramount amid this Hostel takeover bid for Warner Brothers. 51 00:02:38,200 --> 00:02:40,720 Speaker 3: We've also had some familiar names out this morning with 52 00:02:41,080 --> 00:02:44,400 Speaker 3: new guidance for investors. What stands out there? 53 00:02:44,680 --> 00:02:48,160 Speaker 1: Yeah, so some companies are hosting investor days today, one 54 00:02:48,160 --> 00:02:50,960 Speaker 1: of them being CVS. That one is a positive share 55 00:02:51,040 --> 00:02:54,800 Speaker 1: move up over three percent. They issued an annual forecast, 56 00:02:54,840 --> 00:02:57,800 Speaker 1: it seemed to become better than the market expected. They 57 00:02:57,840 --> 00:03:01,840 Speaker 1: also announced some new technology products and services offerings as well. 58 00:03:02,120 --> 00:03:03,840 Speaker 1: The other one is Home Depot a bit of a 59 00:03:03,840 --> 00:03:06,560 Speaker 1: different story here. Ahead of their investor day, they gave 60 00:03:06,600 --> 00:03:11,359 Speaker 1: a cautious preliminary forecast for next year, citing the challenging 61 00:03:11,440 --> 00:03:14,799 Speaker 1: US housing market. So they're seeing shares of home Depot 62 00:03:14,840 --> 00:03:18,840 Speaker 1: down one point four percent. However, Home Depot did detail 63 00:03:18,919 --> 00:03:20,880 Speaker 1: that they are ready for a potential rebound in the 64 00:03:20,880 --> 00:03:24,720 Speaker 1: housing market. They did detail a market recovery scenario where 65 00:03:24,720 --> 00:03:28,079 Speaker 1: they see four to five percent sales growth in that scenario. 66 00:03:28,160 --> 00:03:31,480 Speaker 1: There is another home builder that is citing weakness in 67 00:03:31,560 --> 00:03:33,360 Speaker 1: the housing market. I want to bring to your attention. 68 00:03:33,400 --> 00:03:37,400 Speaker 1: That's Toll Brothers down over four percent. They are citing 69 00:03:37,600 --> 00:03:40,920 Speaker 1: softness in many markets for the luxury home builder. This 70 00:03:41,000 --> 00:03:43,240 Speaker 1: is out with their results out last night, and they 71 00:03:43,240 --> 00:03:45,920 Speaker 1: gave a week forecast for deliveries in twenty twenty six, 72 00:03:45,920 --> 00:03:49,080 Speaker 1: which is surprising, Nathan, because Toll Brothers, being the home 73 00:03:49,120 --> 00:03:52,320 Speaker 1: builder at the top price point of the market, was 74 00:03:52,360 --> 00:03:55,160 Speaker 1: thought to be a bit more resilient to the housing slowdown. 75 00:03:55,160 --> 00:03:57,560 Speaker 1: But that's proving not to be necessarily the cases, weren't it. 76 00:03:58,840 --> 00:04:02,840 Speaker 2: This stock mover's reaps from Bloomberg Radio. Check back with 77 00:04:02,920 --> 00:04:05,480 Speaker 2: us throughout the day for the latest roundup of companies 78 00:04:05,560 --> 00:04:08,680 Speaker 2: making news on Wall Street and for the latest market 79 00:04:08,720 --> 00:04:13,160 Speaker 2: moving headlines. 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