1 00:00:02,520 --> 00:00:07,440 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 00:00:16,720 --> 00:00:19,200 Speaker 1: Let's take a look at some stocks on the move today. 5 00:00:19,280 --> 00:00:23,680 Speaker 1: I'm Nathan Hager, joined by Bloomberg's Valerie Tytel. Starting with 6 00:00:23,880 --> 00:00:27,400 Speaker 1: the most actively traded, the biggest gainer in the stock 7 00:00:27,440 --> 00:00:30,240 Speaker 1: market this morning in the pre market trade Valerie, Why 8 00:00:30,520 --> 00:00:33,280 Speaker 1: is Confluent getting such a bid this morning? 9 00:00:33,320 --> 00:00:34,680 Speaker 2: Good morning, Well, because. 10 00:00:34,440 --> 00:00:37,360 Speaker 3: It's a data infrastructure company and that's a hot, hot, 11 00:00:37,400 --> 00:00:41,680 Speaker 3: hot sector at the moment. Confluent of nearly twenty percent 12 00:00:41,800 --> 00:00:45,000 Speaker 3: in the pre market becoming a takeover target. This is 13 00:00:45,040 --> 00:00:48,960 Speaker 3: a report from Reuters that someone has approached the company 14 00:00:49,400 --> 00:00:54,360 Speaker 3: looking to acquire it now. Confluent provides technology needed to 15 00:00:54,560 --> 00:00:59,000 Speaker 3: manage massive real time data streams for artificial intelligence models, 16 00:00:59,000 --> 00:01:02,000 Speaker 3: so it does have some unique technology to it. The 17 00:01:02,040 --> 00:01:05,160 Speaker 3: company has a market cap of around seven billion dollars 18 00:01:05,480 --> 00:01:08,480 Speaker 3: and the stock did dive back in July after they 19 00:01:08,520 --> 00:01:11,160 Speaker 3: lost a key customer and has been rumored to be 20 00:01:11,200 --> 00:01:13,280 Speaker 3: a takeover target ever since. But it looks like we're 21 00:01:13,319 --> 00:01:16,440 Speaker 3: nearing a deal, with the Confluent shares rising nearly twenty 22 00:01:16,480 --> 00:01:18,600 Speaker 3: percent on the back of this report from Reiters and 23 00:01:19,040 --> 00:01:19,640 Speaker 3: a store. 24 00:01:19,840 --> 00:01:22,080 Speaker 1: Another stock that has your radar this morning helped me 25 00:01:22,080 --> 00:01:24,280 Speaker 1: out with this one. Is it Iron Iron. 26 00:01:24,319 --> 00:01:27,319 Speaker 3: This is another data center company used to be a 27 00:01:27,360 --> 00:01:30,399 Speaker 3: bitcoin minor, now involved in the AI cloud space. I 28 00:01:30,400 --> 00:01:33,319 Speaker 3: know that might sound familiar, but they have announced a 29 00:01:33,440 --> 00:01:36,720 Speaker 3: convertible bond offering to finance some of its new cloud 30 00:01:36,760 --> 00:01:39,679 Speaker 3: service contracts. So we're seeing the shares a fall in 31 00:01:39,760 --> 00:01:42,080 Speaker 3: pre market trade, down four percent, as this is seen 32 00:01:42,120 --> 00:01:46,080 Speaker 3: as mostly a dilutive fundraising for them. But it's just 33 00:01:46,120 --> 00:01:48,680 Speaker 3: another sign, Nathan, that the next stage of the AI 34 00:01:48,760 --> 00:01:53,200 Speaker 3: buildout is being financed by debt after Oracle's blockbuster bond 35 00:01:53,240 --> 00:01:55,840 Speaker 3: offering a few weeks ago. We even had reporting that 36 00:01:56,080 --> 00:01:59,720 Speaker 3: Xai is also looking at debt financing in its latest round. 37 00:02:00,000 --> 00:02:01,840 Speaker 1: And it looks like we have a few more names 38 00:02:01,840 --> 00:02:04,480 Speaker 1: that could be targets of the US government to take 39 00:02:04,560 --> 00:02:06,240 Speaker 1: steaks and tell us more about these. 40 00:02:06,520 --> 00:02:09,120 Speaker 3: Yeah, this is Rare Earth companies. They seem to be 41 00:02:09,280 --> 00:02:13,000 Speaker 3: rising on really little speculation this morning, but we have 42 00:02:13,520 --> 00:02:18,080 Speaker 3: USA Rare Earth Incorporated rising six percent, in Critical Minerals 43 00:02:18,520 --> 00:02:21,720 Speaker 3: rising thirteen percent in pre market trade. Now this is 44 00:02:21,760 --> 00:02:25,040 Speaker 3: even despite the White House saying yesterday it is not 45 00:02:25,200 --> 00:02:27,680 Speaker 3: looking to take a steak in critical minerals, but both 46 00:02:27,720 --> 00:02:31,200 Speaker 3: are seen as potential next steps for the Trump administration 47 00:02:31,360 --> 00:02:34,000 Speaker 3: to expand its equity stakes in rare earth miners to 48 00:02:34,040 --> 00:02:37,680 Speaker 3: combat China's dominance in the sector. And it comes just 49 00:02:37,760 --> 00:02:40,239 Speaker 3: a day after the US announced they took a ten 50 00:02:40,280 --> 00:02:43,440 Speaker 3: percent stake in Trilogy Metals, which is a miner that 51 00:02:43,520 --> 00:02:46,200 Speaker 3: allowed the will allow the US government to gain access 52 00:02:46,240 --> 00:02:49,359 Speaker 3: to mines in remote Alaska, and also comes after the 53 00:02:49,480 --> 00:02:52,120 Speaker 3: US government took a steak in Lithium Americas to develop 54 00:02:52,120 --> 00:02:54,720 Speaker 3: a lithium mine in Nevada. So it seems like their 55 00:02:54,720 --> 00:02:57,360 Speaker 3: speculation rife that the next move could be one of 56 00:02:57,360 --> 00:02:58,840 Speaker 3: these two rare earth companies. 57 00:02:59,080 --> 00:03:02,960 Speaker 1: Okay, so to top side there On the downside, this morning, 58 00:03:03,080 --> 00:03:04,639 Speaker 1: a couple luxury auto. 59 00:03:04,520 --> 00:03:09,079 Speaker 3: Names BMW is the worst performing stock in Europe today. 60 00:03:09,120 --> 00:03:12,480 Speaker 3: It is down over eight percent, sliding the most in 61 00:03:12,560 --> 00:03:12,920 Speaker 3: a year. 62 00:03:13,040 --> 00:03:13,160 Speaker 2: Now. 63 00:03:13,200 --> 00:03:17,440 Speaker 3: This comes after BMW lowered its financial guidance on week 64 00:03:17,520 --> 00:03:21,720 Speaker 3: sales in China and also cited tariff costs on their plate. 65 00:03:21,800 --> 00:03:25,880 Speaker 3: Now it just underscores the difficulties that Germany's export reliance 66 00:03:26,000 --> 00:03:29,320 Speaker 3: auto industry is facing at the moment very steep competition 67 00:03:29,400 --> 00:03:33,560 Speaker 3: from China when it comes to bid and Shaom BMW 68 00:03:33,639 --> 00:03:36,880 Speaker 3: also slashed its projection for free cash flow for the year, 69 00:03:37,200 --> 00:03:39,440 Speaker 3: and the move puts the German automaker close to being 70 00:03:39,480 --> 00:03:39,920 Speaker 3: in the red. 71 00:03:40,080 --> 00:03:44,920 Speaker 2: Here today right this Stock Movers report from Bloomberg Radio. 72 00:03:45,400 --> 00:03:47,560 Speaker 2: Check back with us throughout the day for the latest 73 00:03:47,600 --> 00:03:50,800 Speaker 2: roundup of companies making news on Wall Street and for 74 00:03:50,920 --> 00:03:54,840 Speaker 2: the latest market moving headlines. 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