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Speaker 1: Bloomberg Audio Studios, podcasts, radio News.

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Speaker 2: The Stock Movers Report, your roundup of companies making moves

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Speaker 2: in the stock market. Harnessing the power of Bloomberg Data.

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Speaker 1: Let's take a look at some stocks on the move

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Speaker 1: today with us as Bloomberg News cross Asset reporter Emily Graffeo.

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Speaker 1: And there's some breaking news.

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Speaker 3: Yes, there is breaking news.

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Speaker 4: So I'm watching shares of Apple right now, ticker AAPL.

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Speaker 4: The stock was up as much as zero point eighty

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Speaker 4: five percent and it's lower right now, down about zero

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Speaker 4: point five percent. On exclusive Bloomberg news coming from Bloomberg's

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Speaker 4: Mark German that Meta has poached Apple's most prominent design executive,

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Speaker 4: in a major coup that underscores a push by the

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Speaker 4: social networking giant into AI equipped consumer devices. This has

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Speaker 4: been a pretty big story this year of Mark Zuckerberg

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Speaker 4: trying to get anyone to come and work for him

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Speaker 4: and paying up for it.

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Speaker 3: And so this is the latest news.

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Speaker 4: Meta is going to be hiring Alan Dye, who was

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Speaker 4: head of Apple's user interface design team since twenty fifteen.

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Speaker 5: Yeah, according to people with knowledge of the matter, So

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Speaker 5: Apple apparently already replacing Die with longtime designer Steven LeMay.

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Speaker 5: According to those in the know who hasked not to

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Speaker 5: be identified. Man, that's a significant shift in Silicon Valley, or.

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Speaker 3: So Mark reports.

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Speaker 1: Yeah. Die most recently oversaw the interface of the Vision

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Speaker 1: pro headset, a sweeping redesign of Apple's OS. He was

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Speaker 1: central to designing the company's apps, the Apple Watch, the

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Speaker 1: iPhone ten. His team has been helping develop a slate

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Speaker 1: of new Smartthom devices as well. Bloomberg News has reported.

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Speaker 5: Yeah, I'm just going to pull up real quickly Meta

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Speaker 5: because it feels like it's as much an Apple story

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Speaker 5: as it is a Meta story. Stocks a little changed here,

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Speaker 5: so it's just down a little bit. But Meta has

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Speaker 5: been aggressive right in lining up various high level talent,

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Speaker 5: if you will.

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Speaker 1: The checkbook, the power of the checkbook, right, the salaries

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Speaker 1: that they're and I don't know the details obviously this, Yeah.

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Speaker 3: You're right in terms of the AI stuff.

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Speaker 1: Yeah, you're talking, you know, tens of millions of dollars.

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Speaker 5: Like paying up big time. All right, keeping an eye

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Speaker 5: on that when you've got another one of the mag

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Speaker 5: seven that you want to talk about.

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Speaker 3: Microsoft.

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Speaker 4: Yeah, Microsoft, So this was a big story on the

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Speaker 4: Bloomberg Terminal today shares a Microsoft tiker MSFT. The stock

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Speaker 4: was down as much as three percent. Now it's only

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Speaker 4: down about one point five percent on So, there was

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Speaker 4: a report from the Information that Microsoft had lowered expectations

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Speaker 4: for getting some of its enterprise customers to spend money

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Speaker 4: on their cloud units Marketplace for AI models and agents.

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Speaker 3: The company responded.

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Speaker 4: Microsoft said that the Information's story inaccurately combines the concepts

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Speaker 4: of growth and sales quota. So Microsoft coming out and

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Speaker 4: saying that this was not accurate. But nevertheless it was

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Speaker 4: definitely weighing.

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Speaker 3: On the stock. And the stock is still lower today.

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Speaker 4: I won't claim to be an expert in you know

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Speaker 4: what part is correct and what part isn't, but we

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Speaker 4: are seeing stock lower after that report from the Information

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Speaker 4: came out, but.

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Speaker 3: Not as low as it was. Not as low as

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Speaker 3: it was. Yeah, so pairing pairing losses. But this is

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Speaker 3: this is a big move for a company as large

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Speaker 3: as Microsoft. Yeah, it adds up real quickly.

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Speaker 5: Another tech name reported I think results last night. Yeah,

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Speaker 5: we're breaking it down. You're talking about Marvel Tech.

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Speaker 3: Marvell Tech.

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Speaker 4: So this is a chip maker and I was going

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Speaker 4: to say, like, you know, the move in Microsoft maybe

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Speaker 4: shows that AI fear and kind of how fragile the

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Speaker 4: AI trade is right now. You know, even a hint

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Speaker 4: of something going wrong, people want to sell the stock.

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Speaker 4: But here's a chip maker that's up about seven percent

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Speaker 4: right now. They reported EPs and sales above estimates. Yesterday,

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Speaker 4: they got an upgrade on the stock from morning Star,

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Speaker 4: and then the company said during its conference call it

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Speaker 4: expects Data seven center revenue to grow by more than

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Speaker 4: twenty five percent next fiscal year. And then they also

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Speaker 4: announced plans to acquire startup Celestial AI for about three

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Speaker 4: zero point two five billion dollars. So clearly that that

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Speaker 4: tech trade is still hot, at least in some of

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Speaker 4: these individual names and the broader indexes today.

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Speaker 5: And I'm trying to remember when they reported late last night.

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Speaker 5: Didn't it bounce around? I think it dropped at one

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Speaker 5: point initially or something maybe on the news of the day.

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Speaker 5: I don't know, it was just kind of bouncing around.

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Speaker 5: But you're right, investors are all in today.

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Speaker 1: Okay, So from high tech to a major industrial player.

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Speaker 4: Yes, okay, So last stock Boeing ticker BA it's down

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Speaker 4: two percent on some M and A. Well, I guess

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Speaker 4: we'll call it a deal deal news. So the FTC

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Speaker 4: said that the planemaker should divest significant Spirit Aerosystems assets

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Speaker 4: to resolve anti trust concerns surrounding this merger deal. We

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Speaker 4: saw Spirit actually rising as much as three point six percent.

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Speaker 4: But yeah, this this weighing on the stock that they'll

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Speaker 4: have to divest, but they actually the divestitors, according to

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Speaker 4: Bloomberg News, will resolve FTC allegations that Boeing's acquisition of

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Speaker 4: Spirit would give it the ability and incentive to raise

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Speaker 4: the cost of Airbus's access to inputs for its competing aircraft.

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Speaker 4: So a lot of moving parts here literally and figuratively,

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Speaker 4: but that stock is lower today.

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Speaker 2: This Stock Movers report from Bloomberg Radio. Check back with

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Speaker 2: us throughout the day for the latest roundup of companies

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Speaker 2: making news on Wall Street and for the latest market

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