Speaker 1: Bloomberg Audio Studios, podcasts, radio News.
Speaker 2: The Stock Movers Report, your roundup of companies making moves
Speaker 2: in the stock market, harnessing the power of Bloomberg Data.
Speaker 3: I am Carol Masser with David Gora. Let's to go
Speaker 3: look at some stocks in the move. Bloomberg News Managing
Speaker 3: editor from Bloomberg Market's live blog. Christina Quino in the
Speaker 3: house with us. Where do you want to start?
Speaker 1: Let's see all about data centers. There so shares of
Speaker 1: a Blackrock ticker b LK. They finished a day up
Speaker 1: just zero point seven percent, but earlier up more than
Speaker 1: two percent, and that is because their Global Infrastructure Partners
Speaker 1: unit agreed to buy Aligned data centers.
Speaker 3: From a query, everybody's buying data.
Speaker 1: Everybody wants a data center, including Blackrock. So this is
Speaker 1: actually a forty billion dollars deal, which when you consider
Speaker 1: how much Blackrock has in asses under management, that's like
Speaker 1: a drop in the bucket. So I g yes, they
Speaker 1: thought that it was a pretty affordable data center deal.
Speaker 1: And interestingly, they're partnering with companies including Microsoft and Nvidia
Speaker 1: in this endeavor and they're going to be buying up Aligned.
Speaker 1: This is a company that based in Texas. They have
Speaker 1: fifty campuses. They have seventy data centers under management or
Speaker 1: in future development. So pretty promising in terms of Blackrocks
Speaker 1: foray into this space.
Speaker 4: Here, another big day for Blackrock reported earnings yesterday. We
Speaker 4: got this astonishing number that they've got thirteen point four
Speaker 4: to six trillion dollars just grows and growth under management
Speaker 4: now and those of one hundred and seventy one billion dollars.
Speaker 4: So news upon news post.
Speaker 5: The black brog it sounds like they've got I guess
Speaker 5: it means other people's funds, but they got.
Speaker 3: To do the exactly all right, let's go to Stilantis.
Speaker 3: What do you got for that?
Speaker 1: Yeah, let's take a look at Atlanta's ticker STLA. So
Speaker 1: those shares have had a good day today. So they
Speaker 1: are the maker of g SUVs and for the longest
Speaker 1: time they've struggled with market share in the US market.
Speaker 1: But now they're vowing to invest thirteen billion dollars in
Speaker 1: this market for the next four years, and they're billing
Speaker 1: it as their single largest investment in more than one
Speaker 1: hundred years. It's also being seen as by analysts as
Speaker 1: a way to counter a pain from the tariffs because
Speaker 1: the company did estimate in July that higher duties will
Speaker 1: set their earnings back by about the equivalent of one
Speaker 1: point seven billion dollars this year, so that's not nothing.
Speaker 1: And our blooming intelligence analyst is weighing in on the deal.
Speaker 1: They are saying that they would like to see more
Speaker 1: details how exactly this will be deployed and whether this
Speaker 1: is already part of their kap ex plan anyway, which
Speaker 1: is estimated at around ten billion euros each year, So.
Speaker 3: We shall see.
Speaker 1: But those that news definitely contributing to depositive day for share.
Speaker 4: So I always wondering, yes, just such a fascinating facet
Speaker 4: of all of this stuff, whether it's cars or pharmaceuticals,
Speaker 4: Like how much this stuff is new and novel versus
Speaker 4: companies being like a skiven thought to doing this before
Speaker 4: corporate do it in yes, well, and then.
Speaker 5: You make a promise about right and who knows, like
Speaker 5: whether it all plays out, I mean four years three.
Speaker 1: Just saying P and C. Yeah, let's take a look
Speaker 1: at P and C. That did not do so well today,
Speaker 1: so took her P and C. Those shares down more
Speaker 1: nearly four percent, so at three point nine percent at
Speaker 1: the close, and they did get results today, third quarter
Speaker 1: net interest margin missing estimates. That's because they did add
Speaker 1: more expensive commercial deposits. Those tend to pay higher interests
Speaker 1: rather than the accounts for retail customers.
Speaker 3: Though.
Speaker 1: The good news is that loan loss provisions weren't less
Speaker 1: than expected. And that is consistent with the line that
Speaker 1: we've heard from Wall Street bags saying the consumers the
Speaker 1: only fine they're making their payments, they're not getting behind
Speaker 1: on their credit card bills. And you know, especially the
Speaker 1: top segment of that consumer base, the higher income customer base,
Speaker 1: still spending, still putting in deposits, and so this is
Speaker 1: kind of consistent with what P and C is saying
Speaker 1: as well.
Speaker 4: Let me jump off with that. I mean, like here
Speaker 4: we are entering season, it's underway in earnest. These big
Speaker 4: banks can't buy or merge with any others. I mean,
Speaker 4: there's big as they can they can be. When you
Speaker 4: look at a bank like P and C other kind
Speaker 4: of regional banks, what are we going to learn over
Speaker 4: the coming days about sort of their appetite for mergers?
Speaker 4: Is that something you're going to be charting going for
Speaker 4: You think we're going to hear much about Yeah.
Speaker 1: Absolutely, I mean we've already seen that some of those
Speaker 1: deals coming through. I mean P and C itself, actually
Speaker 1: it is involved in an M and A deal. They
Speaker 1: announced in September that they're going to be taking you
Speaker 1: over First Bank. That's a four point one billion dollar deal.
Speaker 1: And you know CEO Build Demchak refer to that deal
Speaker 1: as basically them effectively buying Colorado. And so it seems
Speaker 1: like Emina activity, particularly.
Speaker 3: To work on your messaging. Yeah, yeah, no, I get
Speaker 3: what he said. He needed a maybe some pr help
Speaker 3: with that one.
Speaker 1: But anyway, that's that's suddenly in the cards for sure,
Speaker 1: P and Z getting in on that Eminy action, which
Speaker 1: we know has been very active this year.
Speaker 5: I just want to add two more United Airlines down
Speaker 5: about two percent in the aftermarket that after it reported
Speaker 5: better than expected earnings for their third core and they
Speaker 5: expect brand loyal flyers and demand for its premium seats
Speaker 5: to drive profit through the end of the year. And
Speaker 5: I think their outlook was pretty positive, but investors don't
Speaker 5: seem so enthused. And I got to mention jbehind It's
Speaker 5: up like twelve percent here in the aftermarket, and this
Speaker 5: is coming after the company reported their quarter earnings for
Speaker 5: sure that beat the average analyst estimate.
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