1 00:00:02,520 --> 00:00:07,360 Speaker 1: Bloomberg Audio Studios, Podcasts, radio News. 2 00:00:08,520 --> 00:00:12,440 Speaker 2: The Stock Mover's Report, your roundup of companies making moves 3 00:00:12,440 --> 00:00:15,840 Speaker 2: in the stock market, harnessing the power of Bloomberg Data. 4 00:00:16,640 --> 00:00:19,240 Speaker 1: I'm Carol Master along with Tim Stenevik. Let's get to 5 00:00:19,400 --> 00:00:21,280 Speaker 1: some stocks on the move. We're joined once again by 6 00:00:21,280 --> 00:00:24,439 Speaker 1: Bloomberg News equities reporter Avalon Purnell. We got to talking 7 00:00:24,480 --> 00:00:25,680 Speaker 1: Nvidia for a second day. 8 00:00:25,760 --> 00:00:29,280 Speaker 3: Right, Yes, yes, it definitely weighed on the broader market today, 9 00:00:29,320 --> 00:00:32,360 Speaker 3: closing down about five point five percent. And that's actually 10 00:00:32,360 --> 00:00:35,680 Speaker 3: the worst decline in ten months. So and that's despite 11 00:00:35,760 --> 00:00:38,760 Speaker 3: having a pretty flawless fourth quarter report. 12 00:00:38,840 --> 00:00:40,760 Speaker 1: I can't tell you how many times I heard on 13 00:00:40,800 --> 00:00:45,199 Speaker 1: our air, radio, TV, across our platforms, great quarters. What 14 00:00:45,240 --> 00:00:47,760 Speaker 1: if Robert Shipman says this historic quarter, he doesn't know 15 00:00:47,800 --> 00:00:50,360 Speaker 1: if there was a better outlook in the history of 16 00:00:50,400 --> 00:00:54,720 Speaker 1: Wall Street? Yeah, bam, that was it. And yet are 17 00:00:54,720 --> 00:00:55,680 Speaker 1: you not entertained? 18 00:00:56,240 --> 00:01:00,200 Speaker 3: You know what Morgan Stanley said too, They had Sally 19 00:01:00,200 --> 00:01:01,520 Speaker 3: had a not doubt saying it despite this being the 20 00:01:01,600 --> 00:01:05,760 Speaker 3: largest cleanest beaten rays and history of semiconductors, they still 21 00:01:05,840 --> 00:01:08,560 Speaker 3: have this big investor question about how much longer can 22 00:01:08,600 --> 00:01:11,360 Speaker 3: this go? How is what is durability going to want? 23 00:01:11,440 --> 00:01:13,280 Speaker 1: I said, there was either a line and pretty Woman. 24 00:01:13,360 --> 00:01:14,960 Speaker 1: You know, this is like you guys go to Anchorman, 25 00:01:15,040 --> 00:01:16,679 Speaker 1: I go to pretty Woman. But I think it was like, 26 00:01:16,720 --> 00:01:18,600 Speaker 1: maybe our standards are just too high, like you know, 27 00:01:18,680 --> 00:01:22,040 Speaker 1: it does make you wonder, but nonetheless we noticed the 28 00:01:22,640 --> 00:01:24,640 Speaker 1: it definitely pulled down the overall. I was going to 29 00:01:24,640 --> 00:01:27,319 Speaker 1: go to Shakespeare. Heavy is the head that wears the crowd? 30 00:01:27,640 --> 00:01:33,800 Speaker 1: You okay, but you know, okay hair flip. For those 31 00:01:33,800 --> 00:01:36,720 Speaker 1: who are watching a listening on radio, let's go to 32 00:01:36,760 --> 00:01:39,720 Speaker 1: Caesars Entertainment, which was kind of something that happened late 33 00:01:39,720 --> 00:01:40,080 Speaker 1: in the day. 34 00:01:40,360 --> 00:01:43,960 Speaker 3: Yes, Caesar's Entertainment ticker cz R jumped nineteen percent into 35 00:01:43,959 --> 00:01:46,960 Speaker 3: the clothes. That's after The Financial Times reported that the 36 00:01:46,959 --> 00:01:51,800 Speaker 3: casino company is actually potentially weighing takeover offers from a 37 00:01:51,800 --> 00:01:55,680 Speaker 3: lot of different people, including Texas Gaming and hospitality billionaire 38 00:01:55,760 --> 00:01:58,760 Speaker 3: Tillman for TITA, which for those who aren't familiar with him, 39 00:01:58,760 --> 00:02:01,480 Speaker 3: he actually owns a Houston raw and it's actually the 40 00:02:01,520 --> 00:02:03,360 Speaker 3: current US ambassador to Italy, who knew. 41 00:02:03,400 --> 00:02:05,240 Speaker 1: I did not know that, but he's definitely a known 42 00:02:05,320 --> 00:02:08,040 Speaker 1: player in that space. They've also said about maybe even 43 00:02:08,080 --> 00:02:11,120 Speaker 1: an executive or management led by out but tbd. This 44 00:02:11,240 --> 00:02:13,040 Speaker 1: is all from ft block. 45 00:02:13,600 --> 00:02:16,240 Speaker 3: Yes, definitely something that we're all going to be mulling 46 00:02:16,360 --> 00:02:18,400 Speaker 3: deep into the night. It jumped twenty three percent. 47 00:02:18,600 --> 00:02:21,400 Speaker 1: Tim is not going to get any sleep tonight because 48 00:02:21,440 --> 00:02:24,639 Speaker 1: of blog. Because a block you keep me up at night. Yeah, yeah, 49 00:02:24,639 --> 00:02:26,200 Speaker 1: I'm freaking out. Yeah, but go ahead. 50 00:02:26,360 --> 00:02:27,000 Speaker 2: Yes. Yes. 51 00:02:27,160 --> 00:02:30,040 Speaker 3: Mizuho analysts were out with a note today right after 52 00:02:30,360 --> 00:02:32,760 Speaker 3: they announced that they were planning to reduce their workforce 53 00:02:32,800 --> 00:02:35,080 Speaker 3: by more than forty percent in a very big bet 54 00:02:35,120 --> 00:02:37,560 Speaker 3: on AI and I think they're asking the same question 55 00:02:37,600 --> 00:02:39,440 Speaker 3: that at least I have in the back of my head, 56 00:02:39,480 --> 00:02:42,480 Speaker 3: which is does this workforce cut set a precedent for 57 00:02:42,639 --> 00:02:43,519 Speaker 3: other areas of tech? 58 00:02:44,200 --> 00:02:44,399 Speaker 1: Yeah? 59 00:02:44,400 --> 00:02:45,320 Speaker 2: I don't have an answer. 60 00:02:45,160 --> 00:02:49,480 Speaker 1: Yet, That is that is the question. I mean, this 61 00:02:49,639 --> 00:02:52,880 Speaker 1: is like, yeah, precedented, yes, probably, but what if it 62 00:02:52,919 --> 00:02:57,680 Speaker 1: doesn't work? I don't know. I don't know. Yeah, I guess, yeah, 63 00:02:57,720 --> 00:03:00,919 Speaker 1: this will be a grand experiment perhaps, But I can't 64 00:03:00,960 --> 00:03:04,600 Speaker 1: believe this is somebody who's tech savvy, right Jack Dorsey, 65 00:03:04,320 --> 00:03:08,440 Speaker 1: Oh yeah, he has been an early adopter of technology 66 00:03:08,639 --> 00:03:11,360 Speaker 1: right for his entire life. Can we make the assumption 67 00:03:11,400 --> 00:03:13,120 Speaker 1: he's not going to do unless he thinks, okay, there's 68 00:03:13,160 --> 00:03:15,600 Speaker 1: things in place. He also makes big bets. 69 00:03:17,240 --> 00:03:21,240 Speaker 2: This stock Moover's report from Bloomberg Radio. 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