1 00:00:02,520 --> 00:00:07,000 Speaker 1: Bloomberg Audio Studios, Podcasts, radio News. 2 00:00:08,560 --> 00:00:12,440 Speaker 2: The Stock Movers Report, your roundup of companies making moves 3 00:00:12,480 --> 00:00:17,120 Speaker 2: in the stock market, harnessing the power of Bloomberg Data. 4 00:00:17,239 --> 00:00:19,919 Speaker 3: I'm Jim Statoveak along with Carol Masser. Let's take a 5 00:00:19,920 --> 00:00:22,560 Speaker 3: look at some stocks on the move today. Joining us 6 00:00:22,560 --> 00:00:26,040 Speaker 3: now is a Bloomberg News Managing editor for Bloomberg Markets Live, 7 00:00:26,120 --> 00:00:29,040 Speaker 3: Christine Aquino. A lot of stocks to choose from today, 8 00:00:29,240 --> 00:00:30,000 Speaker 3: A lot. 9 00:00:29,760 --> 00:00:32,400 Speaker 1: Of stocks, Tim, But we got to talk about Alphabet 10 00:00:32,400 --> 00:00:36,040 Speaker 1: and Google. Yeah, that's probably the biggest single corporate news 11 00:00:36,200 --> 00:00:39,520 Speaker 1: of the day. So of course Alphabet Peer and company 12 00:00:39,520 --> 00:00:44,120 Speaker 1: of Google took her. Googl closed up nine percent shares, 13 00:00:44,200 --> 00:00:46,480 Speaker 1: hitting a record high, and that is because it did 14 00:00:46,520 --> 00:00:51,560 Speaker 1: receive that favorable antitrust ruling that essentially helped it avoid 15 00:00:51,600 --> 00:00:54,680 Speaker 1: a force sale of its Crome browser. So interestingly, Okay, 16 00:00:54,720 --> 00:00:57,640 Speaker 1: so the judge in this case last year judgment Meta, 17 00:00:57,840 --> 00:01:01,880 Speaker 1: ruled that Google illegally monopolized search market through exclusive deals. 18 00:01:02,200 --> 00:01:05,039 Speaker 1: But then on Tuesday, when he wrote his judgment, he 19 00:01:05,120 --> 00:01:09,160 Speaker 1: wrote that the emergence of gen Ai changed the course 20 00:01:09,319 --> 00:01:12,640 Speaker 1: of this case, and so looks like he did reconsider 21 00:01:12,800 --> 00:01:16,080 Speaker 1: the appeal by Google, saying that you know, AI has 22 00:01:16,160 --> 00:01:20,560 Speaker 1: really changed the game for this and how they're going 23 00:01:20,560 --> 00:01:23,360 Speaker 1: to be operating moving forward in terms of search. There's 24 00:01:23,360 --> 00:01:24,840 Speaker 1: a lot more competition from that space. 25 00:01:24,959 --> 00:01:27,200 Speaker 3: Well, speaking of competition, I don't know if we can 26 00:01:27,280 --> 00:01:31,559 Speaker 3: really call it competition, but frenemies certainly Apple and Alphabet 27 00:01:31,600 --> 00:01:34,080 Speaker 3: because we saw Apple move higher as a result of 28 00:01:34,080 --> 00:01:34,680 Speaker 3: this as well. 29 00:01:35,000 --> 00:01:37,600 Speaker 1: Absolutely, Tim Well, Apple has its own news to share, 30 00:01:37,640 --> 00:01:41,760 Speaker 1: of course, just before the market clothes are a Vera 31 00:01:41,800 --> 00:01:45,759 Speaker 1: own Mark German reporting some developments there. So Apple shares 32 00:01:45,800 --> 00:01:49,240 Speaker 1: an AAPL ticker that closed up three point eight percent, 33 00:01:49,280 --> 00:01:51,520 Speaker 1: but just before it closed, so our Vera and Mark 34 00:01:51,520 --> 00:01:54,480 Speaker 1: German reporting that Apple is planning to launch its own 35 00:01:54,880 --> 00:01:58,080 Speaker 1: AI powered web search tool next year. So it's going 36 00:01:58,120 --> 00:02:01,040 Speaker 1: to be a new system internally, don't as World Knowledge 37 00:02:01,080 --> 00:02:03,920 Speaker 1: answers kind of catchy is it, And it's going to 38 00:02:03,920 --> 00:02:07,560 Speaker 1: be integrated into the Siri Voice assistant and the goal 39 00:02:07,680 --> 00:02:10,480 Speaker 1: is to release that as part of the long delayed 40 00:02:10,520 --> 00:02:12,440 Speaker 1: overhaul to Siri. I think you did you just say 41 00:02:12,560 --> 00:02:16,440 Speaker 1: world knowledge and see Yeah, it needs like a grand announcement, 42 00:02:16,520 --> 00:02:19,360 Speaker 1: doesn't it. So yeah, smarty pants, that works for me. 43 00:02:20,120 --> 00:02:22,280 Speaker 1: Let's go to Salesforce came out with the earnings after 44 00:02:22,280 --> 00:02:24,800 Speaker 1: the close and definitely was moving. That's all right, Carol. 45 00:02:24,880 --> 00:02:28,359 Speaker 1: So Salesforce takers see RM shares down more than three 46 00:02:28,400 --> 00:02:32,320 Speaker 1: percent after hours trading, Third Guard working than forecast, not 47 00:02:32,360 --> 00:02:35,200 Speaker 1: really making investors happy. It's quite in line with the 48 00:02:35,240 --> 00:02:37,799 Speaker 1: average estimates. So they're forecasting ten point two to ten 49 00:02:37,800 --> 00:02:41,040 Speaker 1: point three billion average estimate ten point three billion, and 50 00:02:41,080 --> 00:02:44,440 Speaker 1: then one measure of bookings, they're seeing that increasing slightly 51 00:02:44,440 --> 00:02:47,320 Speaker 1: above ten percent, also in lighter productions. But we know 52 00:02:47,400 --> 00:02:50,639 Speaker 1: that in this space, Inline is just not cutting it right, 53 00:02:50,680 --> 00:02:54,400 Speaker 1: and so there is a sense that Salesforce is just 54 00:02:54,560 --> 00:02:58,440 Speaker 1: going to struggle with the development of AI and what 55 00:02:58,480 --> 00:03:01,680 Speaker 1: that means for the potential tasks that it provides and 56 00:03:01,760 --> 00:03:05,480 Speaker 1: also the potential replacement threat for a lot of its 57 00:03:05,520 --> 00:03:08,959 Speaker 1: customers in terms of their workforce. And so yeah, in line, 58 00:03:09,120 --> 00:03:12,680 Speaker 1: in line, there's AI takeover a lot of what Salesforce 59 00:03:12,720 --> 00:03:15,120 Speaker 1: does right now, it does any a question for investors. 60 00:03:16,440 --> 00:03:20,480 Speaker 2: This Stock Movers report from Bloomberg Radio. Check back with 61 00:03:20,560 --> 00:03:23,119 Speaker 2: us throughout the day for the latest roundup of companies 62 00:03:23,200 --> 00:03:26,280 Speaker 2: making news on Wall Street and for the latest market 63 00:03:26,320 --> 00:03:30,800 Speaker 2: moving headlines. Listen to Bloomberg Radio Live. Catch us on YouTube, 64 00:03:30,880 --> 00:03:34,320 Speaker 2: Bloomberg dot com, and on Applecarplay and Android Auto with 65 00:03:34,440 --> 00:03:35,920 Speaker 2: the Bloomberg Business App.