1 00:00:02,520 --> 00:00:07,360 Speaker 1: Bloomberg Audio Studios, podcasts, radio news. 2 00:00:08,520 --> 00:00:12,440 Speaker 2: The Stock Movers Report, your roundup of companies making moves 3 00:00:12,440 --> 00:00:16,520 Speaker 2: in the stock market, harnessing the power of Bloomberg data. 4 00:00:16,720 --> 00:00:18,000 Speaker 3: Carol Maser longer, David Gore. 5 00:00:18,200 --> 00:00:20,840 Speaker 2: Yes, and it's test COVID is here in the studious. 6 00:00:20,880 --> 00:00:22,280 Speaker 3: What do you watch? What were you watching for? 7 00:00:22,480 --> 00:00:24,080 Speaker 2: As we made already of the opening bill, through all 8 00:00:24,079 --> 00:00:26,920 Speaker 2: of the regional banks and all of those undulations getting 9 00:00:26,960 --> 00:00:28,000 Speaker 2: to the closing bell. 10 00:00:28,000 --> 00:00:30,040 Speaker 1: I think we have to talk about regional banks. Just 11 00:00:30,040 --> 00:00:33,960 Speaker 1: a quick check on the priceis Xenos Bank sank fourteen percent. 12 00:00:34,120 --> 00:00:37,720 Speaker 1: This came after it disclosed fifty million charge of for 13 00:00:37,800 --> 00:00:42,240 Speaker 1: a loan underwritten by its own subsidiary, and then Western 14 00:00:42,280 --> 00:00:46,120 Speaker 1: Alliance Bancorp fell almost eleven percent after it said it 15 00:00:46,159 --> 00:00:49,760 Speaker 1: made loans to the same borders. Of course, there are 16 00:00:49,880 --> 00:00:54,920 Speaker 1: growing concerns about credit. It's after this happened, the kW 17 00:00:55,680 --> 00:00:59,400 Speaker 1: QBW index fell six percent, more than six percent, it's 18 00:00:59,640 --> 00:01:03,120 Speaker 1: worst loss in six months. We saw credit spreads widening. 19 00:01:03,160 --> 00:01:07,040 Speaker 1: Both were investment grade in hi yield. They've been very 20 00:01:07,080 --> 00:01:09,080 Speaker 1: tight for a very long time, and everyone has been 21 00:01:09,080 --> 00:01:11,160 Speaker 1: talking about how this cannot continue for too long and 22 00:01:11,240 --> 00:01:16,240 Speaker 1: clearly things are unfolding very fast things in credit. It's 23 00:01:16,360 --> 00:01:19,000 Speaker 1: just a kind of this golden era. Companies were selling 24 00:01:19,080 --> 00:01:24,640 Speaker 1: depth of near record clip. Growing costs have been historical lows. 25 00:01:24,720 --> 00:01:28,199 Speaker 1: Investors are prokeeting the best returns and cracks are growing 26 00:01:28,319 --> 00:01:31,200 Speaker 1: very fast, and investor seems to like it. Seems like 27 00:01:31,240 --> 00:01:35,800 Speaker 1: to be spreading to equities as well. The disclosure we 28 00:01:35,920 --> 00:01:38,240 Speaker 1: saw today add to other recent loan blow ups. 29 00:01:38,240 --> 00:01:39,679 Speaker 3: Of course, tricular holdings. 30 00:01:40,040 --> 00:01:42,919 Speaker 1: We talked all about first brands and obviously those effect 31 00:01:43,040 --> 00:01:46,400 Speaker 1: like big banks, but now the fact that small regional 32 00:01:46,440 --> 00:01:48,720 Speaker 1: banks are seeing some impact of this is raising more 33 00:01:48,800 --> 00:01:51,280 Speaker 1: questions and clearly concerns are growing pretty fast. 34 00:01:51,560 --> 00:01:53,440 Speaker 3: All right, let's get to HPE. 35 00:01:54,120 --> 00:01:56,760 Speaker 1: Yeah, very different story, but pretty bad day for HP. 36 00:01:56,920 --> 00:02:00,240 Speaker 1: It felt ten percent today there is HP. The company 37 00:02:00,320 --> 00:02:02,880 Speaker 1: gave an outlook for profit and cash flow for its 38 00:02:03,040 --> 00:02:06,040 Speaker 1: upcoming physical year that's way below what. 39 00:02:06,000 --> 00:02:07,240 Speaker 3: Analysts we're expecting. 40 00:02:07,880 --> 00:02:10,919 Speaker 1: For example, the earnings number is two doors and twenty 41 00:02:10,919 --> 00:02:13,600 Speaker 1: cents to two doors and forty cents. The street was 42 00:02:13,840 --> 00:02:17,520 Speaker 1: expecting wayhard. The free cash flow number missed by a 43 00:02:17,560 --> 00:02:21,079 Speaker 1: really big margin, so that also disappointed investors. The company 44 00:02:21,120 --> 00:02:24,440 Speaker 1: is still up seven percent here today, but The company 45 00:02:24,480 --> 00:02:27,920 Speaker 1: is dealing with margins in parts due to the building 46 00:02:28,000 --> 00:02:32,480 Speaker 1: service with expensive AI chip. They're hoping that their networking 47 00:02:32,560 --> 00:02:38,160 Speaker 1: business will help. They acquire Juniper Networks for thirteen billions. 48 00:02:38,200 --> 00:02:41,919 Speaker 3: All that's some relief there right of day to day 49 00:02:42,200 --> 00:02:45,919 Speaker 3: real quickly. JB Hunt a performer today, just quickly. Yeah, 50 00:02:46,040 --> 00:02:46,679 Speaker 3: the great. 51 00:02:46,480 --> 00:02:51,040 Speaker 1: Newic Logistic doing great, up as much as twenty two percent, 52 00:02:51,080 --> 00:02:55,560 Speaker 1: biggest inter day jumps since nineteen ninety eight. The company 53 00:02:55,600 --> 00:02:59,080 Speaker 1: reported third quarter earnings b testimates by a large margin, 54 00:02:59,280 --> 00:03:02,880 Speaker 1: and we saw a lot of logistick providers getting big games. 55 00:03:02,919 --> 00:03:04,920 Speaker 1: So we should end up with some good news there. 56 00:03:05,200 --> 00:03:06,079 Speaker 3: Very different town there. 57 00:03:06,320 --> 00:03:08,040 Speaker 2: I think top gainer in the s and P five 58 00:03:08,120 --> 00:03:14,040 Speaker 2: hundred the Stockmovers Report from Bloomberg Radio. Check back with 59 00:03:14,160 --> 00:03:16,720 Speaker 2: us throughout the day for the latest roundup of companies 60 00:03:16,800 --> 00:03:19,880 Speaker 2: making news on Wall Street and for the latest market 61 00:03:19,919 --> 00:03:24,400 Speaker 2: moving headlines. 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