1 00:00:02,520 --> 00:00:08,720 Speaker 1: Bloomberg Audio Studios, Podcasts, Radio News, The. 2 00:00:08,720 --> 00:00:12,560 Speaker 2: Stock Movers Report, your roundup of companies making moves in 3 00:00:12,600 --> 00:00:15,880 Speaker 2: the stock market, harnessing the power of Bloomberg Data. 4 00:00:16,600 --> 00:00:18,960 Speaker 1: I'm Carol Master alone with normal Linda, so let's get 5 00:00:19,000 --> 00:00:21,480 Speaker 1: to some of the stocks on the move. Denisa Sikova 6 00:00:21,880 --> 00:00:24,080 Speaker 1: has had quite a day. She's with us Bloomberg News, 7 00:00:24,079 --> 00:00:26,200 Speaker 1: Cross Asset Report. Just a little bit of stuff going 8 00:00:26,239 --> 00:00:28,160 Speaker 1: on here. It keep us up busy a little bit. 9 00:00:28,200 --> 00:00:32,720 Speaker 3: After hours Oracles earnings, we're seeing quite the reaction. Oracle 10 00:00:32,800 --> 00:00:36,280 Speaker 3: posted quarterly cloud revenue that was better than expected. That 11 00:00:36,320 --> 00:00:38,680 Speaker 3: company was under a lot of pressure, it was down 12 00:00:38,960 --> 00:00:43,200 Speaker 3: about fifty percent from September highs. Clearly, we're seeing very 13 00:00:43,240 --> 00:00:46,279 Speaker 3: different reaction after hours. The ticker, of course, is all 14 00:00:46,440 --> 00:00:51,479 Speaker 3: our Cel. Shares are up about eight percent in extended trading. 15 00:00:51,640 --> 00:00:55,200 Speaker 3: That's quite the jump for the company. Projected strong sales 16 00:00:55,200 --> 00:00:58,319 Speaker 3: in the upcoming fiscal year. What everyone is looking for 17 00:00:58,400 --> 00:01:01,400 Speaker 3: signs that the company is turning it's massive AI spending 18 00:01:01,400 --> 00:01:05,160 Speaker 3: into revenue, and clearly we're seeing a little bit of 19 00:01:05,160 --> 00:01:07,800 Speaker 3: this today and investors are pretty happy about it so far. 20 00:01:07,840 --> 00:01:11,640 Speaker 3: Of course, in not so liquid rating, Oracle is working 21 00:01:11,640 --> 00:01:15,160 Speaker 3: to deliver all those massive cloud infrastructure deal We're talking 22 00:01:15,160 --> 00:01:18,399 Speaker 3: about Meta, we're talking about open Ai, and you know, 23 00:01:18,440 --> 00:01:20,959 Speaker 3: all those companies have been at the center of all 24 00:01:20,959 --> 00:01:24,759 Speaker 3: the market worries about AIS, and you know, you can 25 00:01:24,800 --> 00:01:28,679 Speaker 3: see that investors have definitely punished those but some good numbers. 26 00:01:28,720 --> 00:01:32,559 Speaker 3: Sales in the companies closely watch infrastructure business gained eighty 27 00:01:32,600 --> 00:01:36,640 Speaker 3: four percent. This is significantly higher than one analysts we're expecting. 28 00:01:37,000 --> 00:01:39,480 Speaker 3: That said, I also looked at the capital expenditure number. 29 00:01:39,840 --> 00:01:43,160 Speaker 3: That's also higher than analysts expected. So you know, there 30 00:01:43,240 --> 00:01:44,679 Speaker 3: is definitely some couochure. 31 00:01:44,319 --> 00:01:46,720 Speaker 1: But it hasn't changed, right, it hasn't changed. So that 32 00:01:46,840 --> 00:01:48,720 Speaker 1: was like so better that it didn't go up, but 33 00:01:48,760 --> 00:01:49,960 Speaker 1: it also hasn't gone down. 34 00:01:50,120 --> 00:01:54,840 Speaker 3: Yeah, but investors expected fourteen billion and there is nearly 35 00:01:55,120 --> 00:01:59,560 Speaker 3: eight nineteen billion of capital expenditure, so that's five billion 36 00:01:59,640 --> 00:02:00,360 Speaker 3: is a lot. 37 00:02:00,720 --> 00:02:03,160 Speaker 1: But their fiscal year twenty twenty six has stayed kind 38 00:02:03,200 --> 00:02:06,320 Speaker 1: of consistent, right, So it's interesting. We talked with our 39 00:02:06,320 --> 00:02:08,800 Speaker 1: honor Agrana of Bloomberg Intelligence and he said, what's so 40 00:02:08,880 --> 00:02:12,520 Speaker 1: key is they have such a massive relationship with open Ai, 41 00:02:12,760 --> 00:02:17,400 Speaker 1: and so listening for some color around that on the 42 00:02:17,639 --> 00:02:20,560 Speaker 1: carbet analysts and investors to see that that is still 43 00:02:20,720 --> 00:02:24,200 Speaker 1: kind of tight and funding and funding right yeah. 44 00:02:24,000 --> 00:02:27,639 Speaker 4: I said, IRR funding the open Ai situation. So it's 45 00:02:27,639 --> 00:02:29,560 Speaker 4: a lot for investors to parstory that. I'm sure we're 46 00:02:29,560 --> 00:02:31,959 Speaker 4: going to see continuing into tomorrow's training. 47 00:02:31,720 --> 00:02:33,079 Speaker 1: Day for sure, but a pop. 48 00:02:33,160 --> 00:02:33,359 Speaker 3: Yeah. 49 00:02:33,360 --> 00:02:34,679 Speaker 4: What else are you keeping an eye on right now? 50 00:02:34,880 --> 00:02:37,360 Speaker 3: I'm keeping an eye on the bone market and Amazon 51 00:02:37,440 --> 00:02:39,480 Speaker 3: dot Com. They had a good day today. Stock was 52 00:02:39,560 --> 00:02:43,360 Speaker 3: up around forty basis point thecories am Z and the 53 00:02:43,440 --> 00:02:47,640 Speaker 3: company raised thirty seven billion from US door bone sale. 54 00:02:47,960 --> 00:02:49,960 Speaker 3: It's a very interesting thing to look at. Obviously, with 55 00:02:50,040 --> 00:02:52,120 Speaker 3: all the volatility in the market, we kind of weren't 56 00:02:52,120 --> 00:02:54,880 Speaker 3: expecting so many deals, but we're seeing clearly some of 57 00:02:54,919 --> 00:02:58,480 Speaker 3: them coming back. Of course, I guess there have been 58 00:02:58,520 --> 00:03:00,360 Speaker 3: some good news when it comes to the We're so 59 00:03:00,800 --> 00:03:06,200 Speaker 3: fundraising in back Blogbuster fundraising fourth largest US corporate bond 60 00:03:06,200 --> 00:03:07,320 Speaker 3: sale and record. 61 00:03:07,880 --> 00:03:10,480 Speaker 1: This big tech company is doing the you know, issuing 62 00:03:10,520 --> 00:03:13,280 Speaker 1: debt and this one I think Amazon right is going 63 00:03:13,360 --> 00:03:15,480 Speaker 1: to have is it like on track for a quarter, 64 00:03:15,480 --> 00:03:18,799 Speaker 1: whether it's is the negative cash flow, it's cashflow. 65 00:03:18,440 --> 00:03:21,799 Speaker 3: I think so. I think so it's there was clearly 66 00:03:21,840 --> 00:03:24,080 Speaker 3: a lot of demand. The offering was increased from initial 67 00:03:24,080 --> 00:03:28,040 Speaker 3: guidance of twenty five billion to thirty billion. The US 68 00:03:28,120 --> 00:03:30,920 Speaker 3: portion of the deal drew more than one hundred billions. 69 00:03:30,960 --> 00:03:33,839 Speaker 3: Clearly a lot of demand. Everyone wants to be part 70 00:03:33,840 --> 00:03:37,720 Speaker 3: of those hyper scured deb deals. We've seen quite a 71 00:03:37,720 --> 00:03:39,960 Speaker 3: few other ones that were met with a lot of interest. 72 00:03:40,280 --> 00:03:42,600 Speaker 3: Of course, everyone wants to be with those big companies. 73 00:03:42,600 --> 00:03:44,640 Speaker 3: That doesn't necessarily tell us too much about the health 74 00:03:44,640 --> 00:03:47,840 Speaker 3: of the rest the business, but you know, clearly it 75 00:03:47,880 --> 00:03:50,720 Speaker 3: went well and the company, I mean, it's small game today, 76 00:03:50,760 --> 00:03:53,280 Speaker 3: but clearly investors didn't show too much worry. 77 00:03:53,080 --> 00:03:55,520 Speaker 4: About that did so it's interesting obviously the story on 78 00:03:55,520 --> 00:03:59,240 Speaker 4: the Boomer terminal saying the US corporate IG market posted 79 00:03:59,280 --> 00:04:02,840 Speaker 4: its largest day on record and this the last record 80 00:04:02,880 --> 00:04:05,320 Speaker 4: that we saw on a daily record for this issuance 81 00:04:05,680 --> 00:04:08,960 Speaker 4: for high grade was in twenty thirteen. So Amazon clearly 82 00:04:09,000 --> 00:04:10,040 Speaker 4: really adding. 83 00:04:09,720 --> 00:04:11,160 Speaker 2: To that place, right. 84 00:04:11,240 --> 00:04:12,720 Speaker 1: I mean, with these guys when they come to the 85 00:04:12,720 --> 00:04:17,040 Speaker 1: debt markets, it's just unbelievable. Let's go to go Easy. 86 00:04:17,360 --> 00:04:21,039 Speaker 3: Yeah we're going to Canadian stocks, but quite the moves there. 87 00:04:21,200 --> 00:04:26,039 Speaker 3: Go Easy. The ticker is gs Y. The stock was 88 00:04:26,080 --> 00:04:29,400 Speaker 3: down more than sixty percent today. It got worse and 89 00:04:29,480 --> 00:04:32,599 Speaker 3: worse during the day. Was initially a smaller loss. Stocks 90 00:04:32,640 --> 00:04:35,560 Speaker 3: and bonds of the company tumbled after the Canadian Supreme 91 00:04:36,160 --> 00:04:40,279 Speaker 3: Lender suspended its dividend with Droid's financial outlook and disclosed 92 00:04:40,400 --> 00:04:43,800 Speaker 3: hundreds of millions of dollars in loan loss its ties 93 00:04:43,960 --> 00:04:47,039 Speaker 3: to its vehicle business. Everyone has been looking at that 94 00:04:47,200 --> 00:04:51,360 Speaker 3: space for cracks. Clearly, this is just one example in Canada, 95 00:04:51,720 --> 00:04:53,640 Speaker 3: but definitely we so quite the. 96 00:04:53,680 --> 00:04:56,240 Speaker 1: Reaction in the least products. 97 00:04:56,320 --> 00:05:02,400 Speaker 3: Yeah, it's really really, really really big. And one thing 98 00:05:02,480 --> 00:05:07,200 Speaker 3: I saw is the company acknowledges that macroeconomic conditions hire, 99 00:05:07,200 --> 00:05:12,120 Speaker 3: an employment rate, cost of living are definitely negatively impacting 100 00:05:12,160 --> 00:05:14,800 Speaker 3: the consumer base, which is, you know, it becomes more 101 00:05:14,839 --> 00:05:18,520 Speaker 3: than just a company story. Perhaps the story about the 102 00:05:18,520 --> 00:05:21,960 Speaker 3: Canadian consumer. Yeah, maybe extend here as well. 103 00:05:22,040 --> 00:05:25,640 Speaker 4: There's allow eight hundred million dollars in market caps. 104 00:05:25,720 --> 00:05:27,560 Speaker 3: So yeah, yeah, small company. 105 00:05:27,680 --> 00:05:30,120 Speaker 4: Still what's a big moves sixty percent. 106 00:05:29,960 --> 00:05:33,120 Speaker 1: Move, Yeah, that's a big move. Good stuff, Denisa, Thank 107 00:05:33,160 --> 00:05:33,760 Speaker 1: you so much. 108 00:05:35,000 --> 00:05:39,000 Speaker 2: The Stock Mover's report from Bloomberg Radio. Check back with 109 00:05:39,080 --> 00:05:41,680 Speaker 2: us throughout the day for the latest roundup of companies 110 00:05:41,760 --> 00:05:44,839 Speaker 2: making news. On Wall Street and for the latest market 111 00:05:44,880 --> 00:05:49,360 Speaker 2: moving headlines. Listen to Bloomberg Radio Live. Catch us on YouTube, 112 00:05:49,440 --> 00:05:52,919 Speaker 2: Bloomberg dot com, and on Applecarplay and Android Auto with 113 00:05:53,000 --> 00:05:54,479 Speaker 2: the Bloomberg Business app.