Speaker 1: Bloomberg Audio Studios, podcasts, radio news.
Speaker 2: This is the closing bell on the stock mover's report
Speaker 2: the company's making moves at the close of US trading,
Speaker 2: with Carol Masser, Tim Stenoveeck Romain Bostik, and Katie Greifel.
Speaker 1: All right, so let's go to some of the individual gainers.
Speaker 1: If I may, two names, I want to pull up
Speaker 1: Marvel Technology and Nvidia, both gaining in today's session. In fact,
Speaker 1: Marvel I believe it was the top gainer in the
Speaker 1: Nasdaq one hundred today. In Vidia taking a two billion
Speaker 1: dollars stake in Marvell Technology, opening up its system to
Speaker 1: allow Marvel to integrate custom artificial intelligence chips at networking
Speaker 1: equipment on the platform. So the two agreeing to collaborate
Speaker 1: on the development development of silicon photonics, which use light
Speaker 1: instead of traditional copper wiring to move data faster and
Speaker 1: more efficiently. And I'm going to assume that might be
Speaker 1: a little bit cheaper. So anyway, you've got Marvel Technology
Speaker 1: up almost thirteen percent in today's session, probably some general
Speaker 1: elphoria also helping out that trade. Same story for Nvidia
Speaker 1: up about five point six percent in today's session. All Right,
Speaker 1: so we saw a big market move. In fact, straight up,
Speaker 1: was it around midday or one thirty.
Speaker 3: Yeah, we're just in the twelve to one o'clock.
Speaker 1: Hour, okay, thank you. And that was after Iron's president
Speaker 1: said the country had the necessary will to end this war,
Speaker 1: but expected certain requirements to be met according to the
Speaker 1: state run IRA and A. But anyway, you saw a
Speaker 1: lot of consumer discretionary names to the upside. So if
Speaker 1: you look at the S and P Composite Consumer Discretionary Index,
Speaker 1: you saw that index rallying today. And then you take
Speaker 1: a look at some of the travel and consumer names.
Speaker 1: American Airlines first of all, the group the discretionary group
Speaker 1: up about three and a quarter percent. If you go
Speaker 1: on over to some of the airlines, American up five
Speaker 1: and a half percent. You had Delta up about five
Speaker 1: and a quarter percent. And then you look at the
Speaker 1: S and P Supercomposite Airline Index as a whole, up
Speaker 1: almost six percent. So again some enthusiasm. Maybe energy prices
Speaker 1: are going to come down, people are going to go
Speaker 1: back to traveling. So that was something of a bright spot.
Speaker 1: And then I just wanted to oh.
Speaker 2: Yeah, go, I was just going to ask is my
Speaker 2: flight that I haven't booked going to be cheaper yet
Speaker 2: or do I have to wait longer?
Speaker 3: Think you're going to be paying the money? Yeah?
Speaker 1: Get ready to get ready. One more name, on semi Conductor.
Speaker 1: This too was a top name in the NASDAQ one hundred.
Speaker 1: Saishin global over in China, reporting out that US power
Speaker 1: semiconductor maker on Semis said it will establish a greater
Speaker 1: China headquarters in Shanghai and invest about fifty million in
Speaker 1: the country of the next three years, stepping up local
Speaker 1: decision making and investment as demand rises from EV's renewable
Speaker 1: energy and AI data center. So the company announcing that
Speaker 1: move earlier today in Shanghai. So that was certainly an
Speaker 1: our performer up more than eleven percent. Him.
Speaker 3: All right, let's look at some underperformers today. Let's start
Speaker 3: with energy stocks. Energy stocks drop what.
Speaker 1: Oh wow wanh wah? All right, yeah, sorry, Tim, did
Speaker 1: you just get rid of it?
Speaker 3: I don't even know what's I don't even I don't
Speaker 3: even know what's going on. I don't even know what's
Speaker 3: going on anymore. All right, here we go.
Speaker 1: Let's start that again.
Speaker 3: Let's start with energy stocks. This is the entire S
Speaker 3: and B Energy index felt today by more than one percent.
Speaker 3: We had big declines in companies like Exonmobile, Chevron, Eog Resources, Conico, Phillips,
Speaker 3: Phillip sixty six, Valero, Occidental, Devin and more. I just
Speaker 3: decided to do the entire index. It did fall for
Speaker 3: the reason that Carol talked about airline stocks Hire today,
Speaker 3: Iron's president saying in the country had the necessary will
Speaker 3: to end the war, and that is why we saw
Speaker 3: a rally and pretty much everything except for energy. This index,
Speaker 3: though up thirty seven percent so far this year. A
Speaker 3: lot of m and a news today I had to
Speaker 3: narrow it down to just one or two companies to
Speaker 3: talk about McCormick and call the spice maker down more
Speaker 3: than six percent this after Unilever agreed to combine its
Speaker 3: food business with mccormicks in a forty four point eight
Speaker 3: billion dollar deal. It'll create a global seasonings, sauces and
Speaker 3: condiments company. Under the agreement, McCormick will pay Unilever fifteen
Speaker 3: point seven billion dollars in the equivalent of twenty nine
Speaker 3: point one billion dollars in McCormick shares for most of
Speaker 3: Unilever's food business, leaving Unilever and its shareholders sixty five
Speaker 3: percent of the combined entity.
Speaker 1: Alberts, All Birds, Alberts.
Speaker 3: What happened? Yes, stock was down double digits today, but
Speaker 3: I guess at the end of the day higher. But Katie,
Speaker 3: you go ahead and do treasuries. We talk about all,
Speaker 3: is it?
Speaker 1: It kind of sad though, rip Alberds. Yeah, they were
Speaker 1: such a big deal.
Speaker 3: They were really hot for a moment in's time.
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