1 00:00:02,520 --> 00:00:07,320 Speaker 1: Bloomberg Audio Studios, Podcasts, radio News. 2 00:00:09,880 --> 00:00:13,320 Speaker 2: This is the closing bell on this stock movers report 3 00:00:13,560 --> 00:00:16,520 Speaker 2: the company's making moves at the close of US trading 4 00:00:16,760 --> 00:00:21,600 Speaker 2: with Carol Masser, Tim Stenebeck, Romain Bostick, and Scarlet. 5 00:00:21,079 --> 00:00:23,640 Speaker 3: Food A back to the S and P five hundred 6 00:00:23,720 --> 00:00:27,360 Speaker 3: I go most names in the index lowered despite a 7 00:00:27,360 --> 00:00:30,240 Speaker 3: slight gain in the S and P index overall, Katie, 8 00:00:30,240 --> 00:00:32,200 Speaker 3: three hundred and five names to the downside, one hundred 9 00:00:32,200 --> 00:00:35,600 Speaker 3: and ninety four gaining ground on this end video Wednesday, 10 00:00:35,760 --> 00:00:37,080 Speaker 3: and we've got four unchanged. 11 00:00:37,240 --> 00:00:39,000 Speaker 4: Yeah, let's take a look at the circle and the 12 00:00:39,080 --> 00:00:42,240 Speaker 4: sectors similar to yes makeup to yesterday. 13 00:00:42,320 --> 00:00:44,800 Speaker 5: You have six sectors in the green, five in the red. 14 00:00:44,880 --> 00:00:49,040 Speaker 4: Tech though participating higher by about nine tenths of a percent. 15 00:00:49,159 --> 00:00:53,120 Speaker 4: Communication services Materials also having a good in video Wednesday. 16 00:00:53,200 --> 00:00:54,760 Speaker 5: What didn't do too hot today? 17 00:00:54,920 --> 00:00:57,920 Speaker 4: Energy down by one point three percent as a sector. 18 00:00:58,000 --> 00:01:00,440 Speaker 4: Utilities and real estate also bring up the rear. 19 00:01:00,880 --> 00:01:02,640 Speaker 3: All right, guys, let's get to some of the individual 20 00:01:02,640 --> 00:01:05,880 Speaker 3: gainers as we await those. Nvidia earnings lows up about 21 00:01:05,880 --> 00:01:08,160 Speaker 3: four percent in today's session. Throughout the day, we did 22 00:01:08,160 --> 00:01:09,600 Speaker 3: see it as a top gainer in the S and 23 00:01:09,640 --> 00:01:13,760 Speaker 3: P five hundred. The retailer reported profit that topped expectations 24 00:01:13,760 --> 00:01:17,880 Speaker 3: help by consumers spending on home renovations. Reported positive same 25 00:01:17,880 --> 00:01:21,240 Speaker 3: store sales growth for a second consecutive quarter on strength 26 00:01:21,319 --> 00:01:24,280 Speaker 3: in its digital channel and in home services. Adjusted, It's 27 00:01:24,319 --> 00:01:27,039 Speaker 3: flew your profit target to approximately twelve dollars twenty five 28 00:01:27,040 --> 00:01:30,400 Speaker 3: cents per share this fiscal year, accounting for uncertain economic 29 00:01:30,440 --> 00:01:33,760 Speaker 3: conditions and its recently closed acquisition. So an outperformer in 30 00:01:33,800 --> 00:01:34,280 Speaker 3: that one. 31 00:01:34,440 --> 00:01:35,720 Speaker 1: Hey, have you ever been in the lows? 32 00:01:36,840 --> 00:01:37,960 Speaker 5: I'm more of a home. 33 00:01:37,760 --> 00:01:40,640 Speaker 3: Depot kind of gal, But when I first bought my home, 34 00:01:40,760 --> 00:01:42,119 Speaker 3: I was in there, all the tiles. 35 00:01:42,200 --> 00:01:45,240 Speaker 5: I loved it. Oh man, I loved it. 36 00:01:45,240 --> 00:01:46,960 Speaker 3: It's kind of crazy. Have you ever been in one? 37 00:01:47,120 --> 00:01:49,200 Speaker 1: Yeah? Absolutely? When I bought my out Like everyone who buy, 38 00:01:49,240 --> 00:01:51,360 Speaker 1: when you first buy your house, you basically spend every weekend. 39 00:01:51,520 --> 00:01:53,200 Speaker 3: Right, I knew all the aisle. 40 00:01:53,080 --> 00:01:54,600 Speaker 1: You get everything you need to get back to do 41 00:01:54,640 --> 00:01:56,280 Speaker 1: your project and realize I have to go back because 42 00:01:56,280 --> 00:01:58,440 Speaker 1: I forgot those shrews, and go back because I forgot 43 00:01:58,480 --> 00:02:00,000 Speaker 1: that how they get you. 44 00:02:00,200 --> 00:02:01,760 Speaker 6: Then you have to hire the person actually do it. 45 00:02:02,200 --> 00:02:05,240 Speaker 6: You try to do it, and you run into some roadblocks. 46 00:02:05,280 --> 00:02:06,880 Speaker 3: Sometimes I go down an island, I just kind of 47 00:02:06,880 --> 00:02:08,919 Speaker 3: feel like I'm staring at everything, like it's just kind 48 00:02:08,919 --> 00:02:11,400 Speaker 3: of crazy. Hey, I know we're focused on Nvidia, but 49 00:02:11,560 --> 00:02:14,200 Speaker 3: Alphabet you got to mention that one up about three 50 00:02:14,200 --> 00:02:17,119 Speaker 3: percent in today's session earlier inter day, staring the most 51 00:02:17,160 --> 00:02:19,920 Speaker 3: in two months, a wave of glowing reviews for the 52 00:02:19,960 --> 00:02:23,639 Speaker 3: newly released version of its Gemini AI model, spurring investor 53 00:02:23,760 --> 00:02:27,920 Speaker 3: confidence about the company's position in that ever change. 54 00:02:28,160 --> 00:02:30,840 Speaker 4: No, no, we were just talking about this. I don't 55 00:02:30,880 --> 00:02:33,359 Speaker 4: seek technology out, so I haven't used Gemini. 56 00:02:33,480 --> 00:02:37,960 Speaker 5: I haven't used chat chips. But I mean, again, unwittingly, 57 00:02:38,000 --> 00:02:40,239 Speaker 5: I'm sure I've used it in some sense, but I 58 00:02:40,240 --> 00:02:42,320 Speaker 5: don't know. I can't access it on the Bloomberg computer. 59 00:02:42,480 --> 00:02:43,880 Speaker 1: She still reads like a physical news. 60 00:02:43,880 --> 00:02:45,440 Speaker 6: You can access it on the Bloomberg computer. 61 00:02:45,520 --> 00:02:47,760 Speaker 5: I know, but you need to take a course. I'm 62 00:02:47,760 --> 00:02:50,200 Speaker 5: not going to do that. But anyway, just to. 63 00:02:50,240 --> 00:02:52,440 Speaker 6: Quick aside, do you know how long it took me 64 00:02:52,520 --> 00:02:55,640 Speaker 6: to get KT to use Google Docs? Wow, I still 65 00:02:55,680 --> 00:02:59,120 Speaker 6: don't filmed five years, I guess is the answer. 66 00:02:59,360 --> 00:03:01,560 Speaker 5: We work it, Bloomberg. We have the note on. 67 00:03:01,520 --> 00:03:04,120 Speaker 6: The turn anyway, I know the note is the note 68 00:03:04,120 --> 00:03:04,400 Speaker 6: is better. 69 00:03:05,040 --> 00:03:06,119 Speaker 5: Come on, No, it's not good. 70 00:03:06,400 --> 00:03:07,919 Speaker 6: Sorry, No, note is better. 71 00:03:08,000 --> 00:03:08,080 Speaker 1: No. 72 00:03:08,240 --> 00:03:09,600 Speaker 5: Google Docs is a gift. 73 00:03:09,760 --> 00:03:11,480 Speaker 3: It's a gift that keeps on giving. Hey, by the way, 74 00:03:11,480 --> 00:03:14,120 Speaker 3: shares of Google guys, they're up almost fifty five percent 75 00:03:14,160 --> 00:03:16,800 Speaker 3: this year, and I believe they are the best performing 76 00:03:16,960 --> 00:03:18,440 Speaker 3: member of the mag seven. 77 00:03:18,560 --> 00:03:22,120 Speaker 5: So put that in your Yeah, some fake. 78 00:03:24,200 --> 00:03:25,320 Speaker 3: Our pipe and smoke it. 79 00:03:25,760 --> 00:03:25,959 Speaker 5: Hey. 80 00:03:26,000 --> 00:03:29,000 Speaker 3: Consolation Energy, I have to mention that one definitely an 81 00:03:29,000 --> 00:03:31,520 Speaker 3: outperformer in today's session. Number one gainer in the Nasdaq 82 00:03:31,520 --> 00:03:33,160 Speaker 3: one hundred up five point three percent. 83 00:03:34,800 --> 00:03:35,240 Speaker 5: Government. 84 00:03:35,360 --> 00:03:37,440 Speaker 3: US government planning to buy known as many as ten 85 00:03:37,520 --> 00:03:40,320 Speaker 3: large nuclear reactors projects that could be paid for by 86 00:03:40,360 --> 00:03:42,839 Speaker 3: a five hundred and fifty billion dollar pledge investment fund 87 00:03:42,880 --> 00:03:45,960 Speaker 3: being offered by Japan, so you know all of these. 88 00:03:45,960 --> 00:03:47,680 Speaker 3: Of course, they own three Mile Island. We had some 89 00:03:47,720 --> 00:03:49,920 Speaker 3: news on that yesterday about getting a billion dollars in 90 00:03:49,960 --> 00:03:53,280 Speaker 3: backing from the US government on a reopening. So this 91 00:03:53,680 --> 00:03:55,920 Speaker 3: was a big app performer today's session. 92 00:03:56,000 --> 00:03:58,120 Speaker 6: Well, do you want to start with some energy when 93 00:03:58,120 --> 00:04:00,720 Speaker 6: it comes to underperformers that we're performing in the S 94 00:04:00,760 --> 00:04:03,440 Speaker 6: and P five hundred today on a percentage basis. Ever 95 00:04:03,560 --> 00:04:06,880 Speaker 6: Source Energy Shares Head of their worst day since twenty twenty, 96 00:04:06,880 --> 00:04:10,480 Speaker 6: after regulators in Connecticut denied its request to sell its 97 00:04:10,480 --> 00:04:14,600 Speaker 6: subsidiary Aquarium Water Company. This rejection was due to concerns 98 00:04:14,600 --> 00:04:17,440 Speaker 6: that the sale could double household bills and decrease economic 99 00:04:17,560 --> 00:04:20,880 Speaker 6: Regulatory oversight regular said the proposed deal quote does not 100 00:04:21,000 --> 00:04:25,040 Speaker 6: meet managerial suitability and responsibility requirements in a manner consistent 101 00:04:25,440 --> 00:04:28,120 Speaker 6: with the public interest. Shares once again fell by more 102 00:04:28,160 --> 00:04:31,039 Speaker 6: than twelve percent. Also keep an eye on shares of 103 00:04:31,080 --> 00:04:33,960 Speaker 6: Blue Owl today, down nine tenths of one percent. Blue 104 00:04:34,000 --> 00:04:36,920 Speaker 6: Owel Capital calling off a merger of its two private 105 00:04:36,960 --> 00:04:39,960 Speaker 6: credit funds after scrutiny over potential investor losses, sent it 106 00:04:40,080 --> 00:04:43,520 Speaker 6: shares tumbling. This deal was supposed to be between Blue Owl 107 00:04:43,600 --> 00:04:46,599 Speaker 6: Capital Corp. Which is a publicly traded one that's under 108 00:04:46,640 --> 00:04:50,239 Speaker 6: the ticker ob DC, and then Blue Owl Capital Corp. 109 00:04:50,279 --> 00:04:53,279 Speaker 6: Too that's non traded. According to statement Wednesday, the initial 110 00:04:53,360 --> 00:04:56,480 Speaker 6: terms of the agreement barred investors in the private vehicle 111 00:04:56,520 --> 00:04:59,000 Speaker 6: from redeeming their capital until the merger closed. The firm 112 00:04:59,040 --> 00:05:03,040 Speaker 6: did site current market conditions and will reevaluate its alternatives, 113 00:05:03,279 --> 00:05:06,200 Speaker 6: and finally, some m and A news today moving stocks 114 00:05:06,200 --> 00:05:10,719 Speaker 6: in two different directions. Abbott Laboratories falling three percent today 115 00:05:10,920 --> 00:05:14,000 Speaker 6: after Bloomberg News reported that it's nearing a potential acquisition 116 00:05:14,040 --> 00:05:17,000 Speaker 6: of Exact Sciences Corp. And what would be its largest 117 00:05:17,000 --> 00:05:19,200 Speaker 6: deal in nearly a decade. People familiar with the matter 118 00:05:19,240 --> 00:05:22,080 Speaker 6: said Exact Science is closed hired by twenty three point 119 00:05:22,240 --> 00:05:26,760 Speaker 6: seven percent today. Their diagnostic tests include coli Guard, which 120 00:05:26,760 --> 00:05:29,800 Speaker 6: helps screen for colorectal cancer. It's the second leading cause 121 00:05:29,839 --> 00:05:32,360 Speaker 6: of cancer deaths in the US, but it's been used 122 00:05:32,360 --> 00:05:35,400 Speaker 6: to screen for corectal cancer some twenty million times since 123 00:05:35,400 --> 00:05:37,880 Speaker 6: receiving FDA approval back in twenty fourteen. 124 00:05:38,120 --> 00:05:40,120 Speaker 1: All right, quick check on yield. It's not a whole 125 00:05:40,160 --> 00:05:42,159 Speaker 1: lot of activity there. You did to actually see a 126 00:05:42,200 --> 00:05:45,000 Speaker 1: bit of a rise on the day, basically about one 127 00:05:45,040 --> 00:05:47,240 Speaker 1: to two basis points depending on where you are the curve. 128 00:05:47,240 --> 00:05:49,600 Speaker 1: In fact, the whole curve more or less shifting parallel 129 00:05:49,640 --> 00:05:52,600 Speaker 1: here on the day. But honestly, guys, today really is 130 00:05:52,640 --> 00:05:55,560 Speaker 1: a day about tech, about the AI span and about Nvidia. 131 00:05:55,680 --> 00:05:57,720 Speaker 1: There was an interesting story just earlier today out the 132 00:05:57,760 --> 00:06:00,919 Speaker 1: White House is actually like kind of pushing Congress to 133 00:06:01,040 --> 00:06:04,040 Speaker 1: take out some provisions from a new defense spending bill 134 00:06:04,279 --> 00:06:06,719 Speaker 1: that would restrict AI Chipex Sports, and of course this 135 00:06:06,800 --> 00:06:08,640 Speaker 1: is going to be a big issue that Nvidio is 136 00:06:08,680 --> 00:06:11,120 Speaker 1: going to have to address either tonight or at least 137 00:06:11,120 --> 00:06:13,720 Speaker 1: in the future, because basically its ability to sell those 138 00:06:13,760 --> 00:06:16,559 Speaker 1: high end Blackwell chips to China, at least for right now, 139 00:06:16,800 --> 00:06:17,600 Speaker 1: is basically a no go. 140 00:06:18,839 --> 00:06:22,880 Speaker 2: This Stock Movers report from Bloomberg Radio. Check back with 141 00:06:22,960 --> 00:06:25,520 Speaker 2: us throughout the day for the latest roundup of companies 142 00:06:25,600 --> 00:06:28,680 Speaker 2: making news on Wall Street and for the latest market 143 00:06:28,720 --> 00:06:33,159 Speaker 2: moving headlines. Listen to Bloomberg Radio Live, catch us on YouTube, 144 00:06:33,279 --> 00:06:36,800 Speaker 2: Bloomberg dot com, and on Applecarplay and Android Auto with 145 00:06:36,839 --> 00:06:38,320 Speaker 2: the Bloomberg Business app.