WEBVTT - Nvidia Slides, Caesar's Jumps, Block Cuts over 40% of Workforce

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

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<v Speaker 2>The Stock Mover's 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 1>I'm Carol Master along with Tim Stenevik. Let's get to

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<v Speaker 1>some stocks on the move. We're joined once again by

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<v Speaker 1>Bloomberg News equities reporter Avalon Purnell. We got to talking

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<v Speaker 1>Nvidia for a second day.

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<v Speaker 3>Right, Yes, yes, it definitely weighed on the broader market today,

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<v Speaker 3>closing down about five point five percent. And that's actually

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<v Speaker 3>the worst decline in ten months. So and that's despite

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<v Speaker 3>having a pretty flawless fourth quarter report.

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<v Speaker 1>I can't tell you how many times I heard on

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<v Speaker 1>our air, radio, TV, across our platforms, great quarters. What

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<v Speaker 1>if Robert Shipman says this historic quarter, he doesn't know

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<v Speaker 1>if there was a better outlook in the history of

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<v Speaker 1>Wall Street? Yeah, bam, that was it. And yet are

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<v Speaker 1>you not entertained?

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<v Speaker 3>You know what Morgan Stanley said too, They had Sally

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<v Speaker 3>had a not doubt saying it despite this being the

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<v Speaker 3>largest cleanest beaten rays and history of semiconductors, they still

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<v Speaker 3>have this big investor question about how much longer can

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<v Speaker 3>this go? How is what is durability going to want?

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<v Speaker 1>I said, there was either a line and pretty Woman.

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<v Speaker 1>You know, this is like you guys go to Anchorman,

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<v Speaker 1>I go to pretty Woman. But I think it was like,

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<v Speaker 1>maybe our standards are just too high, like you know,

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<v Speaker 1>it does make you wonder, but nonetheless we noticed the

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<v Speaker 1>it definitely pulled down the overall. I was going to

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<v Speaker 1>go to Shakespeare. Heavy is the head that wears the crowd?

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<v Speaker 1>You okay, but you know, okay hair flip. For those

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<v Speaker 1>who are watching a listening on radio, let's go to

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<v Speaker 1>Caesars Entertainment, which was kind of something that happened late

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<v Speaker 1>in the day.

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<v Speaker 3>Yes, Caesar's Entertainment ticker cz R jumped nineteen percent into

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<v Speaker 3>the clothes. That's after The Financial Times reported that the

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<v Speaker 3>casino company is actually potentially weighing takeover offers from a

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<v Speaker 3>lot of different people, including Texas Gaming and hospitality billionaire

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<v Speaker 3>Tillman for TITA, which for those who aren't familiar with him,

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<v Speaker 3>he actually owns a Houston raw and it's actually the

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<v Speaker 3>current US ambassador to Italy, who knew.

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<v Speaker 1>I did not know that, but he's definitely a known

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<v Speaker 1>player in that space. They've also said about maybe even

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<v Speaker 1>an executive or management led by out but tbd. This

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<v Speaker 1>is all from ft block.

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<v Speaker 3>Yes, definitely something that we're all going to be mulling

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<v Speaker 3>deep into the night. It jumped twenty three percent.

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<v Speaker 1>Tim is not going to get any sleep tonight because

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<v Speaker 1>of blog. Because a block you keep me up at night. Yeah, yeah,

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<v Speaker 1>I'm freaking out. Yeah, but go ahead.

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<v Speaker 2>Yes. Yes.

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<v Speaker 3>Mizuho analysts were out with a note today right after

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<v Speaker 3>they announced that they were planning to reduce their workforce

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<v Speaker 3>by more than forty percent in a very big bet

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<v Speaker 3>on AI and I think they're asking the same question

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<v Speaker 3>that at least I have in the back of my head,

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<v Speaker 3>which is does this workforce cut set a precedent for

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<v Speaker 3>other areas of tech?

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<v Speaker 1>Yeah?

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<v Speaker 2>I don't have an answer.

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<v Speaker 1>Yet, That is that is the question. I mean, this

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<v Speaker 1>is like, yeah, precedented, yes, probably, but what if it

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<v Speaker 1>doesn't work? I don't know. I don't know. Yeah, I guess, yeah,

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<v Speaker 1>this will be a grand experiment perhaps, But I can't

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<v Speaker 1>believe this is somebody who's tech savvy, right Jack Dorsey,

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<v Speaker 1>Oh yeah, he has been an early adopter of technology

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<v Speaker 1>right for his entire life. Can we make the assumption

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<v Speaker 1>he's not going to do unless he thinks, okay, there's

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<v Speaker 1>things in place. He also makes big bets.

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