Speaker 1: Bloomberg Audio Studios, podcasts, radio News.
Speaker 2: This is the closing bell on this stock mover's report.
Speaker 2: The company's making moves at the close of US trading
Speaker 2: with Carol Masser, Tim Stenebeck, Romain Bostik, and Scarlett Food.
Speaker 3: So many gainers look at the green on that map,
Speaker 3: so many gainers to choose from. So get ready for
Speaker 3: Romain to interrupt me and add to my list. Having
Speaker 3: said that, I got to talk about EA Electronic Arts
Speaker 3: because that is your number one gainer in the S
Speaker 3: and P five hundred NASDAQ one hundred. Kind of ran
Speaker 3: into that spot after we saw that headline cross initially
Speaker 3: with a Wall Street Journal story, but Bloomberg also matching
Speaker 3: the reporting. Electronic Arts up about fifteen percent here at
Speaker 3: the close today. This as that story came out that
Speaker 3: this company is nearing a deal to go private. It
Speaker 3: would be a massive deal to go private. We're talking
Speaker 3: about maybe a fifty billion dollar leveraged buyout. It would
Speaker 3: be the largest buyout of all time, LBO of all time.
Speaker 3: This is scoring to people familiar again. We're talking about
Speaker 3: silver Lake said to be a part of that Saudi's
Speaker 3: public investment fund. So we will see ultimately that happens.
Speaker 3: But what are you thinking?
Speaker 1: Well, when I looked up, you know, anytime I see
Speaker 1: these deals, always look to see where they're ranked. I
Speaker 1: was actually surprised that fifty billion is basically the threshold
Speaker 1: for the biggest buyout ever potentially obviously if this actually
Speaker 1: comes to fruition, I mean you would think there would
Speaker 1: have been something bigger. But it was really that TXU deal.
Speaker 1: I guess. You know, way back when before Tim was born,
Speaker 1: I was.
Speaker 4: Thinking, I was like a forty five well adjusted for inflation.
Speaker 3: I was thinking about, like, is it KKR and Nibisco
Speaker 3: and least.
Speaker 1: Thirty one billion? I mean that's and that's a real dollar.
Speaker 1: I mean it's Tim's point too. You have to adjust
Speaker 1: for inflation. But still, and then you had, you know
Speaker 1: that forty four billion dollar Twitter buyout, which is a deal.
Speaker 3: All right, so ea, definitely on my radar. A couple
Speaker 3: of chip names I just want to mention Take two
Speaker 3: was up.
Speaker 1: Also by about five percent.
Speaker 4: There you go, so this is what happens. Funny.
Speaker 3: Yeah, ten minutes later I get to the last one.
Speaker 3: All right, so chip names, let me go through it.
Speaker 3: We had Global Founderies and Intel both rallying Global Founderies
Speaker 3: up about eight percent, Intel up about four and a
Speaker 3: half percent. This is after again the journal Wall Street
Speaker 3: Journal report that the Trump administration is weigh a new
Speaker 3: plan to reduce US reliance on chips made overseas. So
Speaker 3: we did see some movement in particular in those two names.
Speaker 3: I also want to mention Pacar. It was a top
Speaker 3: in the s and P five hundred and Nawzak one
Speaker 3: hundred here at the close, up about five point two percent.
Speaker 3: It's a chrup maker, and it rallied after the President
Speaker 3: Trump anounced new industry specific tariffs that include a twenty
Speaker 3: five percent levy on heavy trucks and LSA. This company
Speaker 3: will benefit because it makes a lot of its trucks
Speaker 3: right here in the United States. US production.
Speaker 2: There you go.
Speaker 4: Can you get them at costco?
Speaker 3: I don't think so well.
Speaker 4: That's where I'm going right now, because it was the
Speaker 4: worst performer in the S and P five hundred, down
Speaker 4: two point nine percent today. The company did report after
Speaker 4: the bell yesterday a mixed fourth quarter, including adjusted earnings
Speaker 4: per share and comp sales that excluded gas and FX
Speaker 4: that came in ahead of expectations, but analysts had high expectations.
Speaker 4: They said that the premium valuation versus its peers contributed
Speaker 4: to high expectations going into this print. Shares down today
Speaker 4: by about two point nine percent. OURH, they operate the
Speaker 4: restoration hardware chain of stores. Shares of furniture retailers, including
Speaker 4: RH tumble today. This after President Trum announced the US
Speaker 4: will enact new tariffs on imported kitchen cabinets, bathroom vanities,
Speaker 4: and other home products next week. URH, with the outspoken CEO,
Speaker 4: has already declined forty six percent this year. That was
Speaker 4: through yesterday's close. And finally, Klarna kind of been a
Speaker 4: mixed road for IPOs of late Romaine. Clarna fell three
Speaker 4: point eight percent today. Remembered iPod a few weeks ago
Speaker 4: about at forty dollars a share fell bolo the IPO
Speaker 4: price for the first time and increased competition, worries about
Speaker 4: interest rates. We spoke to the CFO of the buy now,
Speaker 4: pay later firm affirm yesterday, who essentially told us the
Speaker 4: same thing that Max Levchin told us a few weeks ago.
Speaker 4: The CEO of a firm, Yeah, everything looks good for
Speaker 4: us out there in the landscape. We're not seeing any
Speaker 4: cracks in the consumer.
Speaker 1: All right, let's check it on yields real quickly. Here
Speaker 1: a mixed bag, but generally speaking, yields did not go
Speaker 1: much of anywhere. You're looking at moves that basically about
Speaker 1: one basis point down on the two year up on
Speaker 1: the longer end of the curve. We should point out
Speaker 1: on a weekly basis though, we are pretty much higher
Speaker 1: across the curve as a lot of people now really
Speaker 1: starting to rethink whether we are indeed going to get
Speaker 1: fed raad cuts.
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