WEBVTT - Nvidia Chips in China; Paramount Ups Warner Bid; Home Depot Cautious

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<v Speaker 1>Bloomberg Audio Studios, podcasts, radio news.

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<v Speaker 2>The Stock Movers Report, your roundup of companies making moves

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<v Speaker 2>in the stock market, harnessing the power of Bloomberg Data.

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<v Speaker 3>Let's take a look at some stocks on the move today.

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<v Speaker 3>I'm Nathan Hager, joined by Bloomberg's Valerie Titel. With a

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<v Speaker 3>lot going on in individual stocks this morning. Valerie starting

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<v Speaker 3>off with Nvidia, big moves from President Trump and apparently

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<v Speaker 3>some big mosts from China as well.

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<v Speaker 1>Good morning, Yeah, exactly a lot in the fine details

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<v Speaker 1>with this Nvidia announcement, but in Video shares are in

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<v Speaker 1>the green. They're up six tens of one percent, and

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<v Speaker 1>that comes after Trump has given approval for them to

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<v Speaker 1>sell a chip called the H two hundred used in

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<v Speaker 1>AI inprints into China in exchange for a twenty five

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<v Speaker 1>percent surcharge, and Video shares originally had risen as much

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<v Speaker 1>as two point nine percent in after hours trade. Now

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<v Speaker 1>that decision allows Video to potentially regain some business in China.

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<v Speaker 1>But the keyword there is potentially, because we've also heard

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<v Speaker 1>from the FT reporting that Chinese regulators are discussing ways

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<v Speaker 1>to limit permits in access to this chip. That's despite

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<v Speaker 1>Trump's export approval, so again another sign that China is

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<v Speaker 1>really pushing for self sufficiency in chip production. Similar move

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<v Speaker 1>happened back when the Trump administration lifted the export ban

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<v Speaker 1>of the H twenty chip from the Nvidia. Beijing also

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<v Speaker 1>moved to limit access to it. So a bit of

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<v Speaker 1>back and forth for Nvidia. But we're just slightly in

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<v Speaker 1>the green for the share of half of one percent.

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<v Speaker 3>I guess there's probably going to be a lots more

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<v Speaker 3>back and forth when it comes to the entertainment companies

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<v Speaker 3>that are at.

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<v Speaker 2>War with each other.

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<v Speaker 3>For Warner Brothers Discovery.

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<v Speaker 2>Yeah, that's right.

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<v Speaker 1>Paramount out with that hostile bid, and yesterday's session. The

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<v Speaker 1>key thing really in the pre market move is that

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<v Speaker 1>Paramount shares are continuing to trade higher. They leaped by

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<v Speaker 1>nine percent in yesterday's session. They're up another three and

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<v Speaker 1>a quarter now. A lot of speculation and why Paramount

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<v Speaker 1>is trading so strongly off the back of this, because

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<v Speaker 1>normally someone who does make an acquiring bid like this,

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<v Speaker 1>shares normally trade in the red off the back of it.

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<v Speaker 1>But I think there's a lot of attention on the

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<v Speaker 1>fact that those who are pledging equity in this deal

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<v Speaker 1>that being a lot of those Middle East funds, you know,

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<v Speaker 1>the Saudi Arabia PIF Qatar is also involved. They've agreed

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<v Speaker 1>to forego governance rights or board seats, which essentially is

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<v Speaker 1>giving a lot of cash in Paramount's hands with not

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<v Speaker 1>a lot of strings attached. That's positive for the shareholders.

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<v Speaker 1>So perhaps that's why we're seeing the outperformance again today

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<v Speaker 1>for Paramount amid this Hostel takeover bid for Warner Brothers.

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<v Speaker 3>We've also had some familiar names out this morning with

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<v Speaker 3>new guidance for investors. What stands out there?

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<v Speaker 1>Yeah, so some companies are hosting investor days today, one

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<v Speaker 1>of them being CVS. That one is a positive share

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<v Speaker 1>move up over three percent. They issued an annual forecast,

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<v Speaker 1>it seemed to become better than the market expected. They

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<v Speaker 1>also announced some new technology products and services offerings as well.

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<v Speaker 1>The other one is Home Depot a bit of a

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<v Speaker 1>different story here. Ahead of their investor day, they gave

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<v Speaker 1>a cautious preliminary forecast for next year, citing the challenging

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<v Speaker 1>US housing market. So they're seeing shares of home Depot

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<v Speaker 1>down one point four percent. However, Home Depot did detail

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<v Speaker 1>that they are ready for a potential rebound in the

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<v Speaker 1>housing market. They did detail a market recovery scenario where

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<v Speaker 1>they see four to five percent sales growth in that scenario.

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<v Speaker 1>There is another home builder that is citing weakness in

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<v Speaker 1>the housing market. I want to bring to your attention.

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<v Speaker 1>That's Toll Brothers down over four percent. They are citing

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<v Speaker 1>softness in many markets for the luxury home builder. This

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<v Speaker 1>is out with their results out last night, and they

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<v Speaker 1>gave a week forecast for deliveries in twenty twenty six,

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<v Speaker 1>which is surprising, Nathan, because Toll Brothers, being the home

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<v Speaker 1>builder at the top price point of the market, was

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<v Speaker 1>thought to be a bit more resilient to the housing slowdown.

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<v Speaker 1>But that's proving not to be necessarily the cases, weren't it.

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<v Speaker 2>This stock mover's reaps from Bloomberg Radio. Check back with

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