1 00:00:02,480 --> 00:00:07,000 Speaker 1: Bloomberg Audio Studios, podcasts, radio news. 2 00:00:10,039 --> 00:00:13,520 Speaker 2: This is the closing bell on the stock mover's report 3 00:00:13,760 --> 00:00:16,680 Speaker 2: the company's making moves at the close of US trading, 4 00:00:16,880 --> 00:00:21,360 Speaker 2: with Carol Masser, Tim Stenoveeck Romain Bostik, and Katie Greifel. 5 00:00:22,040 --> 00:00:24,560 Speaker 1: All right, so let's go to some of the individual gainers. 6 00:00:24,600 --> 00:00:26,880 Speaker 1: If I may, two names, I want to pull up 7 00:00:27,080 --> 00:00:30,840 Speaker 1: Marvel Technology and Nvidia, both gaining in today's session. In fact, 8 00:00:30,920 --> 00:00:33,120 Speaker 1: Marvel I believe it was the top gainer in the 9 00:00:33,200 --> 00:00:36,400 Speaker 1: Nasdaq one hundred today. In Vidia taking a two billion 10 00:00:36,440 --> 00:00:39,839 Speaker 1: dollars stake in Marvell Technology, opening up its system to 11 00:00:39,880 --> 00:00:43,839 Speaker 1: allow Marvel to integrate custom artificial intelligence chips at networking 12 00:00:43,840 --> 00:00:46,800 Speaker 1: equipment on the platform. So the two agreeing to collaborate 13 00:00:46,800 --> 00:00:51,360 Speaker 1: on the development development of silicon photonics, which use light 14 00:00:51,600 --> 00:00:54,200 Speaker 1: instead of traditional copper wiring to move data faster and 15 00:00:54,200 --> 00:00:56,240 Speaker 1: more efficiently. And I'm going to assume that might be 16 00:00:56,240 --> 00:00:59,840 Speaker 1: a little bit cheaper. So anyway, you've got Marvel Technology 17 00:00:59,880 --> 00:01:02,800 Speaker 1: up almost thirteen percent in today's session, probably some general 18 00:01:02,800 --> 00:01:06,080 Speaker 1: elphoria also helping out that trade. Same story for Nvidia 19 00:01:06,200 --> 00:01:09,880 Speaker 1: up about five point six percent in today's session. All Right, 20 00:01:10,160 --> 00:01:14,360 Speaker 1: so we saw a big market move. In fact, straight up, 21 00:01:15,160 --> 00:01:16,840 Speaker 1: was it around midday or one thirty. 22 00:01:16,920 --> 00:01:19,720 Speaker 3: Yeah, we're just in the twelve to one o'clock. 23 00:01:19,480 --> 00:01:22,000 Speaker 1: Hour, okay, thank you. And that was after Iron's president 24 00:01:22,280 --> 00:01:24,559 Speaker 1: said the country had the necessary will to end this war, 25 00:01:24,600 --> 00:01:27,440 Speaker 1: but expected certain requirements to be met according to the 26 00:01:27,440 --> 00:01:30,399 Speaker 1: state run IRA and A. But anyway, you saw a 27 00:01:30,400 --> 00:01:33,400 Speaker 1: lot of consumer discretionary names to the upside. So if 28 00:01:33,480 --> 00:01:36,840 Speaker 1: you look at the S and P Composite Consumer Discretionary Index, 29 00:01:36,920 --> 00:01:40,240 Speaker 1: you saw that index rallying today. And then you take 30 00:01:40,240 --> 00:01:42,320 Speaker 1: a look at some of the travel and consumer names. 31 00:01:42,360 --> 00:01:45,840 Speaker 1: American Airlines first of all, the group the discretionary group 32 00:01:45,920 --> 00:01:48,120 Speaker 1: up about three and a quarter percent. If you go 33 00:01:48,200 --> 00:01:50,800 Speaker 1: on over to some of the airlines, American up five 34 00:01:50,840 --> 00:01:53,440 Speaker 1: and a half percent. You had Delta up about five 35 00:01:53,480 --> 00:01:55,120 Speaker 1: and a quarter percent. And then you look at the 36 00:01:55,200 --> 00:01:58,480 Speaker 1: S and P Supercomposite Airline Index as a whole, up 37 00:01:58,480 --> 00:02:02,440 Speaker 1: almost six percent. So again some enthusiasm. Maybe energy prices 38 00:02:02,440 --> 00:02:03,760 Speaker 1: are going to come down, people are going to go 39 00:02:03,800 --> 00:02:07,360 Speaker 1: back to traveling. So that was something of a bright spot. 40 00:02:07,360 --> 00:02:08,400 Speaker 1: And then I just wanted to oh. 41 00:02:08,280 --> 00:02:09,679 Speaker 2: Yeah, go, I was just going to ask is my 42 00:02:09,720 --> 00:02:11,360 Speaker 2: flight that I haven't booked going to be cheaper yet 43 00:02:11,440 --> 00:02:12,360 Speaker 2: or do I have to wait longer? 44 00:02:12,720 --> 00:02:15,880 Speaker 3: Think you're going to be paying the money? Yeah? 45 00:02:16,000 --> 00:02:19,040 Speaker 1: Get ready to get ready. One more name, on semi Conductor. 46 00:02:19,480 --> 00:02:22,960 Speaker 1: This too was a top name in the NASDAQ one hundred. 47 00:02:23,320 --> 00:02:27,919 Speaker 1: Saishin global over in China, reporting out that US power 48 00:02:27,960 --> 00:02:31,240 Speaker 1: semiconductor maker on Semis said it will establish a greater 49 00:02:31,400 --> 00:02:35,040 Speaker 1: China headquarters in Shanghai and invest about fifty million in 50 00:02:35,080 --> 00:02:37,079 Speaker 1: the country of the next three years, stepping up local 51 00:02:37,160 --> 00:02:41,000 Speaker 1: decision making and investment as demand rises from EV's renewable 52 00:02:41,080 --> 00:02:44,280 Speaker 1: energy and AI data center. So the company announcing that 53 00:02:44,320 --> 00:02:46,640 Speaker 1: move earlier today in Shanghai. So that was certainly an 54 00:02:46,639 --> 00:02:48,760 Speaker 1: our performer up more than eleven percent. Him. 55 00:02:48,800 --> 00:02:51,560 Speaker 3: All right, let's look at some underperformers today. Let's start 56 00:02:51,560 --> 00:02:54,600 Speaker 3: with energy stocks. Energy stocks drop what. 57 00:02:55,360 --> 00:03:03,520 Speaker 1: Oh wow wanh wah? All right, yeah, sorry, Tim, did 58 00:03:03,560 --> 00:03:04,400 Speaker 1: you just get rid of it? 59 00:03:04,440 --> 00:03:07,480 Speaker 3: I don't even know what's I don't even I don't 60 00:03:07,480 --> 00:03:10,440 Speaker 3: even know what's going on. I don't even know what's 61 00:03:10,440 --> 00:03:12,960 Speaker 3: going on anymore. All right, here we go. 62 00:03:14,280 --> 00:03:15,160 Speaker 1: Let's start that again. 63 00:03:16,040 --> 00:03:18,400 Speaker 3: Let's start with energy stocks. This is the entire S 64 00:03:18,480 --> 00:03:22,359 Speaker 3: and B Energy index felt today by more than one percent. 65 00:03:23,080 --> 00:03:28,520 Speaker 3: We had big declines in companies like Exonmobile, Chevron, Eog Resources, Conico, Phillips, 66 00:03:28,520 --> 00:03:32,200 Speaker 3: Phillip sixty six, Valero, Occidental, Devin and more. I just 67 00:03:32,240 --> 00:03:35,440 Speaker 3: decided to do the entire index. It did fall for 68 00:03:35,560 --> 00:03:38,560 Speaker 3: the reason that Carol talked about airline stocks Hire today, 69 00:03:38,560 --> 00:03:41,040 Speaker 3: Iron's president saying in the country had the necessary will 70 00:03:41,080 --> 00:03:42,760 Speaker 3: to end the war, and that is why we saw 71 00:03:42,760 --> 00:03:46,640 Speaker 3: a rally and pretty much everything except for energy. This index, 72 00:03:46,680 --> 00:03:50,600 Speaker 3: though up thirty seven percent so far this year. A 73 00:03:50,640 --> 00:03:52,080 Speaker 3: lot of m and a news today I had to 74 00:03:52,160 --> 00:03:55,000 Speaker 3: narrow it down to just one or two companies to 75 00:03:55,000 --> 00:03:57,800 Speaker 3: talk about McCormick and call the spice maker down more 76 00:03:57,840 --> 00:04:00,480 Speaker 3: than six percent this after Unilever agreed to combine its 77 00:04:00,480 --> 00:04:03,360 Speaker 3: food business with mccormicks in a forty four point eight 78 00:04:03,440 --> 00:04:06,800 Speaker 3: billion dollar deal. It'll create a global seasonings, sauces and 79 00:04:06,880 --> 00:04:10,680 Speaker 3: condiments company. Under the agreement, McCormick will pay Unilever fifteen 80 00:04:10,680 --> 00:04:13,000 Speaker 3: point seven billion dollars in the equivalent of twenty nine 81 00:04:13,280 --> 00:04:16,440 Speaker 3: point one billion dollars in McCormick shares for most of 82 00:04:16,520 --> 00:04:19,720 Speaker 3: Unilever's food business, leaving Unilever and its shareholders sixty five 83 00:04:19,720 --> 00:04:22,240 Speaker 3: percent of the combined entity. 84 00:04:22,400 --> 00:04:25,120 Speaker 1: Alberts, All Birds, Alberts. 85 00:04:25,320 --> 00:04:28,279 Speaker 3: What happened? Yes, stock was down double digits today, but 86 00:04:28,400 --> 00:04:30,320 Speaker 3: I guess at the end of the day higher. But Katie, 87 00:04:30,320 --> 00:04:31,960 Speaker 3: you go ahead and do treasuries. We talk about all, 88 00:04:32,760 --> 00:04:32,960 Speaker 3: is it? 89 00:04:32,880 --> 00:04:35,880 Speaker 1: It kind of sad though, rip Alberds. Yeah, they were 90 00:04:35,880 --> 00:04:36,600 Speaker 1: such a big deal. 91 00:04:36,640 --> 00:04:38,720 Speaker 3: They were really hot for a moment in's time. 92 00:04:38,839 --> 00:04:44,640 Speaker 2: Here the Stock Mover's Report from Bloomberg Radio. Check back 93 00:04:44,680 --> 00:04:46,919 Speaker 2: with us throughout the day for the latest roundup of 94 00:04:46,960 --> 00:04:50,239 Speaker 2: companies making news on Wall Street and for the latest 95 00:04:50,279 --> 00:04:54,480 Speaker 2: market moving headlines. Listen to Bloomberg Radio Live, catch us 96 00:04:54,520 --> 00:04:58,279 Speaker 2: on YouTube, Bloomberg dot com, and on Applecarplay and Android 97 00:04:58,279 --> 00:05:00,279 Speaker 2: Auto with the Bloomberg Business out 98 00:05:04,760 --> 00:05:04,800 Speaker 1: H