WEBVTT - Amazon and Apple Push Higher; Meta Rebounds on Bond Sale; Exxon Mobil Lower

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<v Speaker 1>Bloomberg Audio Studios, podcasts, radio news. The Stock Movers Report,

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<v Speaker 1>your roundup of companies making moves in the stock market.

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<v Speaker 1>Harnessing the power of Bloomberg data. Let's take a look

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<v Speaker 1>at some stocks on the move today. I'm Nathan Hager,

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<v Speaker 1>joined by Bloomberg's Kritty Goupta on a very busy earnings morning,

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<v Speaker 1>from big tech to big oil. This morning, pretty the

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<v Speaker 1>big winner has to be Amazon.

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<v Speaker 2>Good morning, Good morning, Nathan. Yeah, Amazon really moving the

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<v Speaker 2>market in a very big way. I mean there's beats

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<v Speaker 2>and then there's beats like this. AMZN is your ticker

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<v Speaker 2>for Amazon. It is your biggest volume trader. Traders say

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<v Speaker 2>your stock mover to the upside. AMZN is your ticker

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<v Speaker 2>two hundred and fifty one dollars a share, marking an

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<v Speaker 2>almost thirteen percent move. This is what I mean. Usually

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<v Speaker 2>when we see tech earnings like this, we'll say six

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<v Speaker 2>percent move, seven percent move, not really thirteen. So Amazon

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<v Speaker 2>really blowing it out of the water. When it comes

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<v Speaker 2>to their cloud unit. They are posting the fastest growth

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<v Speaker 2>since twenty twenty two. This is, of course, amid the

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<v Speaker 2>backdrop of a lot of concerns, but maybe this is

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<v Speaker 2>peak cloud growth. This is the thing that really worried

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<v Speaker 2>the likes of Microsoft Asia earlier in the week. Nevertheless,

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<v Speaker 2>Amazon really proving its doubters wrong and getting rewarded for it.

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<v Speaker 2>This morning AMCN higher by almost thirteen percent, not alone

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<v Speaker 2>in the tech space because Apple reported yesterday as well.

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<v Speaker 2>You're not seeing the same games, but still a good

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<v Speaker 2>news for the iPhone maker AAPL as your taker, trading

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<v Speaker 2>at two hundred and seventy six dollars a share and

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<v Speaker 2>change hired by about two percent this morning. A couple

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<v Speaker 2>of positives here. Now, remember we were all really worried

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<v Speaker 2>about their ability to actually sell the iPhone and what

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<v Speaker 2>they have to do at a higher price given some

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<v Speaker 2>of the supply chain and tear of concerns. Turns out,

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<v Speaker 2>not only are they not worried about it to the

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<v Speaker 2>same extent, they're saying they have a big holiday season

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<v Speaker 2>sales figure coming up I think of their new iPhones

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<v Speaker 2>are really expected to take off. On top of that,

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<v Speaker 2>they're also talking about turning a little bit of a

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<v Speaker 2>bigger profit and more exposure into China, which is a

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<v Speaker 2>market that they've had a really tough time with given

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<v Speaker 2>that they are of course competing with the Huawei contender

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<v Speaker 2>in that market. Nevertheless, the market is happy with what

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<v Speaker 2>they saw yesterday. AAPL hire by about two percent. We

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<v Speaker 2>should mention some of the other tech stocks as well.

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<v Speaker 2>Meta for example, is having a good day after selling

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<v Speaker 2>off in yesterday's session six hundred and seventy four dollars

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<v Speaker 2>to share. Meta hire by one point one percent. Now,

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<v Speaker 2>their earnings were kind of came in a little bit

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<v Speaker 2>disappointing for unworrying they for a lot of investors earlier

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<v Speaker 2>this week, but then they sold thirty billion dollars of

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<v Speaker 2>bonds in marct the year's biggest offering, record demand for

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<v Speaker 2>something like that. So maybe they didn't win over their

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<v Speaker 2>stock investors, but they certainly did in terms of their

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<v Speaker 2>bond market investors. The stock market taking their que from

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<v Speaker 2>the bond market this morning high by one percent after

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<v Speaker 2>that deal. Nathan, let me give you a downside mover

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<v Speaker 2>if I can, because oil earnings are coming in thick

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<v Speaker 2>Exon Mobile XOM is your taker, down about one and

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<v Speaker 2>a half percent this morning, one hundred and thirteen dollars

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<v Speaker 2>a share. Now, look, they beat their estimate. They're talking

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<v Speaker 2>about starting up a series of good, big projects, talking

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<v Speaker 2>about completing twenty billion dollars of share repurchases, but does

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<v Speaker 2>look like the week pricing really hurt their profit in

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<v Speaker 2>the third quarter. Of those shares dropping this morning.

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<v Speaker 1>The Stockmover's report from Bloomberg Radio. Check back with us

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<v Speaker 1>throughout the day for the latest roundup of companies making

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<v Speaker 1>news on Wall Street and for the latest market moving headlines.

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