WEBVTT - BlackRock Ends Higher, Stellantis Gains, PNC Slides 

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<v Speaker 1>Bloomberg Audio Studios, podcasts, radio News.

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<v Speaker 2>The Stock Movers Report, your roundup of companies making moves

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<v Speaker 2>in the stock market, harnessing the power of Bloomberg Data.

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<v Speaker 3>I am Carol Masser with David Gora. Let's to go

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<v Speaker 3>look at some stocks in the move. Bloomberg News Managing

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<v Speaker 3>editor from Bloomberg Market's live blog. Christina Quino in the

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<v Speaker 3>house with us. Where do you want to start?

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<v Speaker 1>Let's see all about data centers. There so shares of

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<v Speaker 1>a Blackrock ticker b LK. They finished a day up

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<v Speaker 1>just zero point seven percent, but earlier up more than

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<v Speaker 1>two percent, and that is because their Global Infrastructure Partners

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<v Speaker 1>unit agreed to buy Aligned data centers.

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<v Speaker 3>From a query, everybody's buying data.

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<v Speaker 1>Everybody wants a data center, including Blackrock. So this is

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<v Speaker 1>actually a forty billion dollars deal, which when you consider

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<v Speaker 1>how much Blackrock has in asses under management, that's like

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<v Speaker 1>a drop in the bucket. So I g yes, they

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<v Speaker 1>thought that it was a pretty affordable data center deal.

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<v Speaker 1>And interestingly, they're partnering with companies including Microsoft and Nvidia

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<v Speaker 1>in this endeavor and they're going to be buying up Aligned.

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<v Speaker 1>This is a company that based in Texas. They have

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<v Speaker 1>fifty campuses. They have seventy data centers under management or

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<v Speaker 1>in future development. So pretty promising in terms of Blackrocks

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<v Speaker 1>foray into this space.

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<v Speaker 4>Here, another big day for Blackrock reported earnings yesterday. We

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<v Speaker 4>got this astonishing number that they've got thirteen point four

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<v Speaker 4>to six trillion dollars just grows and growth under management

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<v Speaker 4>now and those of one hundred and seventy one billion dollars.

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<v Speaker 4>So news upon news post.

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<v Speaker 5>The black brog it sounds like they've got I guess

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<v Speaker 5>it means other people's funds, but they got.

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<v Speaker 3>To do the exactly all right, let's go to Stilantis.

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<v Speaker 3>What do you got for that?

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<v Speaker 1>Yeah, let's take a look at Atlanta's ticker STLA. So

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<v Speaker 1>those shares have had a good day today. So they

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<v Speaker 1>are the maker of g SUVs and for the longest

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<v Speaker 1>time they've struggled with market share in the US market.

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<v Speaker 1>But now they're vowing to invest thirteen billion dollars in

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<v Speaker 1>this market for the next four years, and they're billing

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<v Speaker 1>it as their single largest investment in more than one

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<v Speaker 1>hundred years. It's also being seen as by analysts as

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<v Speaker 1>a way to counter a pain from the tariffs because

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<v Speaker 1>the company did estimate in July that higher duties will

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<v Speaker 1>set their earnings back by about the equivalent of one

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<v Speaker 1>point seven billion dollars this year, so that's not nothing.

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<v Speaker 1>And our blooming intelligence analyst is weighing in on the deal.

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<v Speaker 1>They are saying that they would like to see more

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<v Speaker 1>details how exactly this will be deployed and whether this

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<v Speaker 1>is already part of their kap ex plan anyway, which

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<v Speaker 1>is estimated at around ten billion euros each year, So.

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<v Speaker 3>We shall see.

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<v Speaker 1>But those that news definitely contributing to depositive day for share.

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<v Speaker 4>So I always wondering, yes, just such a fascinating facet

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<v Speaker 4>of all of this stuff, whether it's cars or pharmaceuticals,

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<v Speaker 4>Like how much this stuff is new and novel versus

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<v Speaker 4>companies being like a skiven thought to doing this before

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<v Speaker 4>corporate do it in yes, well, and then.

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<v Speaker 5>You make a promise about right and who knows, like

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<v Speaker 5>whether it all plays out, I mean four years three.

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<v Speaker 1>Just saying P and C. Yeah, let's take a look

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<v Speaker 1>at P and C. That did not do so well today,

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<v Speaker 1>so took her P and C. Those shares down more

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<v Speaker 1>nearly four percent, so at three point nine percent at

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<v Speaker 1>the close, and they did get results today, third quarter

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<v Speaker 1>net interest margin missing estimates. That's because they did add

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<v Speaker 1>more expensive commercial deposits. Those tend to pay higher interests

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<v Speaker 1>rather than the accounts for retail customers.

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<v Speaker 3>Though.

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<v Speaker 1>The good news is that loan loss provisions weren't less

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<v Speaker 1>than expected. And that is consistent with the line that

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<v Speaker 1>we've heard from Wall Street bags saying the consumers the

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<v Speaker 1>only fine they're making their payments, they're not getting behind

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<v Speaker 1>on their credit card bills. And you know, especially the

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<v Speaker 1>top segment of that consumer base, the higher income customer base,

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<v Speaker 1>still spending, still putting in deposits, and so this is

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<v Speaker 1>kind of consistent with what P and C is saying

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<v Speaker 1>as well.

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<v Speaker 4>Let me jump off with that. I mean, like here

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<v Speaker 4>we are entering season, it's underway in earnest. These big

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<v Speaker 4>banks can't buy or merge with any others. I mean,

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<v Speaker 4>there's big as they can they can be. When you

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<v Speaker 4>look at a bank like P and C other kind

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<v Speaker 4>of regional banks, what are we going to learn over

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<v Speaker 4>the coming days about sort of their appetite for mergers?

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<v Speaker 4>Is that something you're going to be charting going for

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<v Speaker 4>You think we're going to hear much about Yeah.

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<v Speaker 1>Absolutely, I mean we've already seen that some of those

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<v Speaker 1>deals coming through. I mean P and C itself, actually

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<v Speaker 1>it is involved in an M and A deal. They

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<v Speaker 1>announced in September that they're going to be taking you

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<v Speaker 1>over First Bank. That's a four point one billion dollar deal.

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<v Speaker 1>And you know CEO Build Demchak refer to that deal

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<v Speaker 1>as basically them effectively buying Colorado. And so it seems

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<v Speaker 1>like Emina activity, particularly.

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<v Speaker 3>To work on your messaging. Yeah, yeah, no, I get

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<v Speaker 3>what he said. He needed a maybe some pr help

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<v Speaker 3>with that one.

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<v Speaker 1>But anyway, that's that's suddenly in the cards for sure,

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<v Speaker 1>P and Z getting in on that Eminy action, which

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<v Speaker 1>we know has been very active this year.

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<v Speaker 5>I just want to add two more United Airlines down

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<v Speaker 5>about two percent in the aftermarket that after it reported

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<v Speaker 5>better than expected earnings for their third core and they

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<v Speaker 5>expect brand loyal flyers and demand for its premium seats

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<v Speaker 5>to drive profit through the end of the year. And

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<v Speaker 5>I think their outlook was pretty positive, but investors don't

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<v Speaker 5>seem so enthused. And I got to mention jbehind It's

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<v Speaker 5>up like twelve percent here in the aftermarket, and this

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<v Speaker 5>is coming after the company reported their quarter earnings for

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<v Speaker 5>sure that beat the average analyst estimate.

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<v Speaker 2>The Stock Movers report from Bloomberg Radio. Check back with

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