Speaker 1: Bloomberg Audio Studios, Podcasts, radio News.
Speaker 2: The Stock Mover's Report, your roundup of companies making moves
Speaker 2: in the stock market, harnessing the power of Bloomberg Data.
Speaker 1: I'm Carol Master along with Tim Stenevik. Let's get to
Speaker 1: some stocks on the move. We're joined once again by
Speaker 1: Bloomberg News equities reporter Avalon Purnell. We got to talking
Speaker 1: Nvidia for a second day.
Speaker 3: Right, Yes, yes, it definitely weighed on the broader market today,
Speaker 3: closing down about five point five percent. And that's actually
Speaker 3: the worst decline in ten months. So and that's despite
Speaker 3: having a pretty flawless fourth quarter report.
Speaker 1: I can't tell you how many times I heard on
Speaker 1: our air, radio, TV, across our platforms, great quarters. What
Speaker 1: if Robert Shipman says this historic quarter, he doesn't know
Speaker 1: if there was a better outlook in the history of
Speaker 1: Wall Street? Yeah, bam, that was it. And yet are
Speaker 1: you not entertained?
Speaker 3: You know what Morgan Stanley said too, They had Sally
Speaker 3: had a not doubt saying it despite this being the
Speaker 3: largest cleanest beaten rays and history of semiconductors, they still
Speaker 3: have this big investor question about how much longer can
Speaker 3: this go? How is what is durability going to want?
Speaker 1: I said, there was either a line and pretty Woman.
Speaker 1: You know, this is like you guys go to Anchorman,
Speaker 1: I go to pretty Woman. But I think it was like,
Speaker 1: maybe our standards are just too high, like you know,
Speaker 1: it does make you wonder, but nonetheless we noticed the
Speaker 1: it definitely pulled down the overall. I was going to
Speaker 1: go to Shakespeare. Heavy is the head that wears the crowd?
Speaker 1: You okay, but you know, okay hair flip. For those
Speaker 1: who are watching a listening on radio, let's go to
Speaker 1: Caesars Entertainment, which was kind of something that happened late
Speaker 1: in the day.
Speaker 3: Yes, Caesar's Entertainment ticker cz R jumped nineteen percent into
Speaker 3: the clothes. That's after The Financial Times reported that the
Speaker 3: casino company is actually potentially weighing takeover offers from a
Speaker 3: lot of different people, including Texas Gaming and hospitality billionaire
Speaker 3: Tillman for TITA, which for those who aren't familiar with him,
Speaker 3: he actually owns a Houston raw and it's actually the
Speaker 3: current US ambassador to Italy, who knew.
Speaker 1: I did not know that, but he's definitely a known
Speaker 1: player in that space. They've also said about maybe even
Speaker 1: an executive or management led by out but tbd. This
Speaker 1: is all from ft block.
Speaker 3: Yes, definitely something that we're all going to be mulling
Speaker 3: deep into the night. It jumped twenty three percent.
Speaker 1: Tim is not going to get any sleep tonight because
Speaker 1: of blog. Because a block you keep me up at night. Yeah, yeah,
Speaker 1: I'm freaking out. Yeah, but go ahead.
Speaker 2: Yes. Yes.
Speaker 3: Mizuho analysts were out with a note today right after
Speaker 3: they announced that they were planning to reduce their workforce
Speaker 3: by more than forty percent in a very big bet
Speaker 3: on AI and I think they're asking the same question
Speaker 3: that at least I have in the back of my head,
Speaker 3: which is does this workforce cut set a precedent for
Speaker 3: other areas of tech?
Speaker 1: Yeah?
Speaker 2: I don't have an answer.
Speaker 1: Yet, That is that is the question. I mean, this
Speaker 1: is like, yeah, precedented, yes, probably, but what if it
Speaker 1: doesn't work? I don't know. I don't know. Yeah, I guess, yeah,
Speaker 1: this will be a grand experiment perhaps, But I can't
Speaker 1: believe this is somebody who's tech savvy, right Jack Dorsey,
Speaker 1: Oh yeah, he has been an early adopter of technology
Speaker 1: right for his entire life. Can we make the assumption
Speaker 1: he's not going to do unless he thinks, okay, there's
Speaker 1: things in place. He also makes big bets.
Speaker 2: This stock Moover's report from Bloomberg Radio. Check back with
Speaker 2: us throughout the day for the latest roundup of companies
Speaker 2: making news on Wall Street and for the latest market
Speaker 2: moving headlines. Listen to Bloomberg Radio Live, catch us on YouTube,
Speaker 2: Bloomberg dot com, and on Applecarplay and Android Auto with
Speaker 2: the Bloomberg Business app.