WEBVTT - SpaceX Ekes Gain, Quantinuum Soars, Carnival Drops

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

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<v Speaker 3>I'm Tim Stenovik with Carroll Master. We are joined by

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<v Speaker 3>Bloomberg News Credit reporter Emily Graffeo Hamley. Hello, how are you.

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<v Speaker 3>I'm good good, Welcome to Stock's on the Move on

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<v Speaker 3>Bloomberg Business Week Daily.

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<v Speaker 2>Thank you.

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<v Speaker 4>This is my first time, no now you longtime guest,

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<v Speaker 4>very frequent co anchor as well, and we always appreciate

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<v Speaker 4>it when you take time away.

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<v Speaker 3>From the credit dusk individual to hang out with us.

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<v Speaker 5>Okay, so we're going to talk about a stock, but

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<v Speaker 5>I'm also going to sneak in a credit angle.

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<v Speaker 3>Yes, there we go.

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<v Speaker 5>SpaceX ticker SPCX ending the day about one percent higher.

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<v Speaker 5>It was a very choppy trading session for the stock

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<v Speaker 5>goes up, it was down, but nevertheless a three day

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<v Speaker 5>sell off that wiped more than six hundred billion dollars

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<v Speaker 5>from the company over the last three days. Today, you know,

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<v Speaker 5>ending the day up one percent. They came to the

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<v Speaker 5>bond market today, which was very exciting for my neck

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<v Speaker 5>of the woods. They raised twenty five billion dollars of bonds.

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<v Speaker 5>They were rated investment grade, which is pretty good for

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<v Speaker 5>I don't want to call them a startup because they're

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<v Speaker 5>so big, but like, it's kind of rare to see

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<v Speaker 5>a company like SpaceX get this investment grade rating. They're

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<v Speaker 5>like blowing through cash and now suddenly this rating means

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<v Speaker 5>that they have a lower cost of capital. They can

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<v Speaker 5>essentially tap into this very deep pool of liquidity and

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<v Speaker 5>borrow money from all different kinds of people for not

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<v Speaker 5>very much cost.

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<v Speaker 3>Do we know a long sort of the curve or

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<v Speaker 3>like how demand looked for different maturities.

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<v Speaker 5>We do. There was actually a lot of demand for

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<v Speaker 5>these shorter dated bonds, which is interesting because it could

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<v Speaker 5>signal investors not really wanting to throw their support behind

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<v Speaker 5>any long term goals for SpaceX. Maybe they're a little

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<v Speaker 5>bit uncertain about what this company is going to do

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<v Speaker 5>in ten twenty thirty years. They don't want to tie

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<v Speaker 5>their money up for that long. So actually this deal

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<v Speaker 5>had most of the demand at the front end, which

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<v Speaker 5>is actually kind of rare for that market.

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<v Speaker 1>How much was well, how much was shorter duration?

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<v Speaker 5>I don't have it in sorry, but it okay, we're

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<v Speaker 5>going to put it up.

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<v Speaker 1>But it is an interesting element, right it and gets

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<v Speaker 1>into the psyche of front of four.

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<v Speaker 3>Billion in the five year and then if there was

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<v Speaker 3>only nine point four billion at this thirty.

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<v Speaker 1>Year, so the majority was shorter in sixteen and a.

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<v Speaker 3>Half billion, seven year, fifteen and a half at ten year.

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<v Speaker 3>You know, it's interesting. One of our audience members got

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<v Speaker 3>in touch and said, the way that he looks at

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<v Speaker 3>this is it's a challenge to value SpaceX out thirty

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<v Speaker 3>years because of so much disruption, Like it feels like

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<v Speaker 3>in this environment every three months things get shaken up,

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<v Speaker 3>which I thought was a Really that's one view. The

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<v Speaker 3>other view is, wait a second, we have no idea

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<v Speaker 3>what this thing is going to look like.

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<v Speaker 2>In thirty years.

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<v Speaker 5>I mean they still raise the money. Yeah, they got

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<v Speaker 5>it done.

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<v Speaker 1>So investors were there and they're there.

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<v Speaker 5>Yeah, I heard like, it wasn't it wasn't amazing. It

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<v Speaker 5>wasn't a blowout, but it wasn't a disaster. They got

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<v Speaker 5>it done. You know, the demand was okay, and now

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<v Speaker 5>they have the money.

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<v Speaker 1>Because it's Elon and the potential for outperformance or you know,

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<v Speaker 1>who knows where this goes is always there. It's an

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<v Speaker 1>element of upside surprise, but also questions.

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<v Speaker 5>I have another like Moonshoddy, science fiction sounding stock, quantin

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<v Speaker 5>quantinum continuum, continuum. I don't know the ticker. I can

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<v Speaker 5>pronounce Q and T. It was at thirteen percent today.

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<v Speaker 5>There were a number of quantum computing stocks higher. President

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<v Speaker 5>Trump on Monday signed executive orders aimed at boosting the sector,

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<v Speaker 5>so quantum stocks were hired. This was a day when

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<v Speaker 5>most tech stocks were actually selling off, but this was

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<v Speaker 5>a bright spot. Investors really like quantum computing. I guess

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<v Speaker 5>they see the promise in it. I wish I could

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<v Speaker 5>explain how it works, but the idea here. At least

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<v Speaker 5>according to Wedbush's Matt Bryson, the government appears to be

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<v Speaker 5>tailoring policy to support earlier investments. They expect that these

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<v Speaker 5>technology development objectives are going to drive near to midterm

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<v Speaker 5>revenue across the quantum ecosystem, so those stocks getting a boost.

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<v Speaker 1>Quantum computing works by using quantum bits are qubits, are quibits. Basically,

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<v Speaker 1>I think there's a lot of computations that I think

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<v Speaker 1>are happening at the same time, and that's why it

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<v Speaker 1>makes it super powerful, and things can be explained anyway.

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<v Speaker 1>To be continued. I'm just gonna say, all right, what

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<v Speaker 1>do you got for the third stock? Right?

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<v Speaker 5>Last stock? Carnival Cruises ticker cc.

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<v Speaker 1>Not a quantum competing.

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<v Speaker 5>S not quantum, not a rocket ship company. The stock

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<v Speaker 5>leading cruise stocks lower. They gave a week third quarter outlook,

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<v Speaker 5>the stock ending the day down about five percent. Again

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<v Speaker 5>that ticker CCL for Carnival.

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<v Speaker 2>The Stock Movers report from Bloomberg Radio. Check back with

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