WEBVTT - Confluent Jumps on Report; US Rare Earth Jumps; BMW Slides

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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 1>Let's take a look at some stocks on the move today.

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<v Speaker 1>I'm Nathan Hager, joined by Bloomberg's Valerie Tytel. Starting with

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<v Speaker 1>the most actively traded, the biggest gainer in the stock

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<v Speaker 1>market this morning in the pre market trade Valerie, Why

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<v Speaker 1>is Confluent getting such a bid this morning?

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<v Speaker 2>Good morning, Well, because.

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<v Speaker 3>It's a data infrastructure company and that's a hot, hot,

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<v Speaker 3>hot sector at the moment. Confluent of nearly twenty percent

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<v Speaker 3>in the pre market becoming a takeover target. This is

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<v Speaker 3>a report from Reuters that someone has approached the company

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<v Speaker 3>looking to acquire it now. Confluent provides technology needed to

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<v Speaker 3>manage massive real time data streams for artificial intelligence models,

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<v Speaker 3>so it does have some unique technology to it. The

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<v Speaker 3>company has a market cap of around seven billion dollars

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<v Speaker 3>and the stock did dive back in July after they

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<v Speaker 3>lost a key customer and has been rumored to be

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<v Speaker 3>a takeover target ever since. But it looks like we're

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<v Speaker 3>nearing a deal, with the Confluent shares rising nearly twenty

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<v Speaker 3>percent on the back of this report from Reiters and

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<v Speaker 3>a store.

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<v Speaker 1>Another stock that has your radar this morning helped me

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<v Speaker 1>out with this one. Is it Iron Iron.

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<v Speaker 3>This is another data center company used to be a

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<v Speaker 3>bitcoin minor, now involved in the AI cloud space. I

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<v Speaker 3>know that might sound familiar, but they have announced a

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<v Speaker 3>convertible bond offering to finance some of its new cloud

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<v Speaker 3>service contracts. So we're seeing the shares a fall in

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<v Speaker 3>pre market trade, down four percent, as this is seen

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<v Speaker 3>as mostly a dilutive fundraising for them. But it's just

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<v Speaker 3>another sign, Nathan, that the next stage of the AI

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<v Speaker 3>buildout is being financed by debt after Oracle's blockbuster bond

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<v Speaker 3>offering a few weeks ago. We even had reporting that

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<v Speaker 3>Xai is also looking at debt financing in its latest round.

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<v Speaker 1>And it looks like we have a few more names

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<v Speaker 1>that could be targets of the US government to take

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<v Speaker 1>steaks and tell us more about these.

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<v Speaker 3>Yeah, this is Rare Earth companies. They seem to be

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<v Speaker 3>rising on really little speculation this morning, but we have

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<v Speaker 3>USA Rare Earth Incorporated rising six percent, in Critical Minerals

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<v Speaker 3>rising thirteen percent in pre market trade. Now this is

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<v Speaker 3>even despite the White House saying yesterday it is not

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<v Speaker 3>looking to take a steak in critical minerals, but both

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<v Speaker 3>are seen as potential next steps for the Trump administration

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<v Speaker 3>to expand its equity stakes in rare earth miners to

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<v Speaker 3>combat China's dominance in the sector. And it comes just

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<v Speaker 3>a day after the US announced they took a ten

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<v Speaker 3>percent stake in Trilogy Metals, which is a miner that

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<v Speaker 3>allowed the will allow the US government to gain access

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<v Speaker 3>to mines in remote Alaska, and also comes after the

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<v Speaker 3>US government took a steak in Lithium Americas to develop

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<v Speaker 3>a lithium mine in Nevada. So it seems like their

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<v Speaker 3>speculation rife that the next move could be one of

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<v Speaker 3>these two rare earth companies.

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<v Speaker 1>Okay, so to top side there On the downside, this morning,

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<v Speaker 1>a couple luxury auto.

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<v Speaker 3>Names BMW is the worst performing stock in Europe today.

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<v Speaker 3>It is down over eight percent, sliding the most in

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<v Speaker 3>a year.

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<v Speaker 2>Now.

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<v Speaker 3>This comes after BMW lowered its financial guidance on week

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<v Speaker 3>sales in China and also cited tariff costs on their plate.

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<v Speaker 3>Now it just underscores the difficulties that Germany's export reliance

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<v Speaker 3>auto industry is facing at the moment very steep competition

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<v Speaker 3>from China when it comes to bid and Shaom BMW

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<v Speaker 3>also slashed its projection for free cash flow for the year,

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<v Speaker 3>and the move puts the German automaker close to being

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<v Speaker 3>in the red.

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<v Speaker 2>Here today right this Stock Movers report from Bloomberg Radio.

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<v Speaker 2>Check back with us throughout the day for the latest

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<v Speaker 2>roundup of companies making news on Wall Street and for

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<v Speaker 2>the latest market moving headlines. Listen to Bloomberg Radio Live,

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