1 00:00:02,520 --> 00:00:09,960 Speaker 1: Bloomberg Audio Studios, podcasts, radio News, The Stock Movers Report, 2 00:00:10,240 --> 00:00:13,440 Speaker 1: your roundup of companies making moves in the stock market, 3 00:00:13,680 --> 00:00:16,239 Speaker 1: harnessing the power of Bloomberg Data. 4 00:00:16,440 --> 00:00:18,079 Speaker 2: Let's take a look at some of the stocks on 5 00:00:18,160 --> 00:00:21,520 Speaker 2: the move today. We are joined by Carmen Reinikey, of course, 6 00:00:21,560 --> 00:00:24,840 Speaker 2: an equities reporter for Bloomberg News. What are you keeping 7 00:00:24,880 --> 00:00:25,760 Speaker 2: an eye on today? 8 00:00:25,880 --> 00:00:26,760 Speaker 1: After the Golosen bell? 9 00:00:26,880 --> 00:00:28,560 Speaker 3: Yeah, so the first thing that I was looking at 10 00:00:28,560 --> 00:00:33,360 Speaker 3: today AMD Advanced micro Devices had yet another huge game today. 11 00:00:33,400 --> 00:00:36,440 Speaker 3: Shares closed up eleven zero point three percent. This is 12 00:00:36,640 --> 00:00:40,080 Speaker 3: another record high and it continues a three day winning 13 00:00:40,120 --> 00:00:42,880 Speaker 3: streak that's seen the stock rise more than forty percent. 14 00:00:43,200 --> 00:00:45,560 Speaker 3: This is really all coming off of the open ai 15 00:00:45,720 --> 00:00:50,040 Speaker 3: deal earlier in the week, basically saying that open ai 16 00:00:50,120 --> 00:00:53,800 Speaker 3: will deploy you know, six gigawatts worth of AMD graphics. 17 00:00:53,840 --> 00:00:56,240 Speaker 3: This is just really important for the company. It sort 18 00:00:56,240 --> 00:00:59,040 Speaker 3: of shows that it can compete with Nvidia, you know, 19 00:00:59,160 --> 00:01:02,960 Speaker 3: sort of the king maker of the chips space right now, 20 00:01:03,760 --> 00:01:06,399 Speaker 3: and it also set a stage for open ai to 21 00:01:06,760 --> 00:01:09,240 Speaker 3: acquire a large stack in the chip maker. It's really 22 00:01:09,319 --> 00:01:11,119 Speaker 3: amazing that we don't use of this deal like two 23 00:01:11,200 --> 00:01:14,280 Speaker 3: days ago and they're still diving off of that good 24 00:01:14,319 --> 00:01:19,000 Speaker 3: news and nothing really can stop it seems like it it's. 25 00:01:18,160 --> 00:01:21,520 Speaker 2: A rally that doesn't seem to be letting up quite yet. Carmen, 26 00:01:21,600 --> 00:01:22,840 Speaker 2: I mean, I know, you just keep an eye on 27 00:01:22,880 --> 00:01:26,240 Speaker 2: a lot of these tech names. Yeah, what's the story. 28 00:01:26,240 --> 00:01:27,360 Speaker 2: I mean, does it seems like it's going to just 29 00:01:27,440 --> 00:01:28,039 Speaker 2: keep going here? 30 00:01:28,160 --> 00:01:30,319 Speaker 3: Yeah, I mean open Ai has really proven itself to 31 00:01:30,400 --> 00:01:32,399 Speaker 3: be one of the major players here. I mean, it's 32 00:01:32,440 --> 00:01:35,280 Speaker 3: not publicly traded, so we don't have as much transparency 33 00:01:35,280 --> 00:01:37,160 Speaker 3: about the company as some of the other ones, but 34 00:01:37,200 --> 00:01:39,320 Speaker 3: it has been spending a ton of money. In Vidia 35 00:01:39,319 --> 00:01:41,640 Speaker 3: has also been spending a ton of money in this space, 36 00:01:41,920 --> 00:01:44,520 Speaker 3: and that's really lifting everything. I mean, people are excited 37 00:01:44,560 --> 00:01:48,080 Speaker 3: about it. They see this as really positive for building out, 38 00:01:48,120 --> 00:01:50,200 Speaker 3: you know, data centers. Everyone says there's so much demand 39 00:01:50,280 --> 00:01:54,480 Speaker 3: we can't possibly meet it. So it seems very bullish 40 00:01:53,800 --> 00:01:56,920 Speaker 3: for the space going forward. And yeah, we're seeing investors 41 00:01:56,920 --> 00:02:00,320 Speaker 3: really continue to buy into these stocks. Yeah. Well, from 42 00:02:00,360 --> 00:02:03,960 Speaker 3: a bullish AI story to a bearish bank story. Tell 43 00:02:04,000 --> 00:02:07,360 Speaker 3: us about what's happening with Jeffries. Yeah, so Jeffries Financial Group, 44 00:02:07,360 --> 00:02:10,920 Speaker 3: It's ticker JEF shares fell almost eight percent today. This 45 00:02:11,000 --> 00:02:13,800 Speaker 3: is the worst drop since April tenth. This is actually 46 00:02:13,880 --> 00:02:17,480 Speaker 3: after a Bloomberg News report, so Blackrock requested to pull 47 00:02:17,600 --> 00:02:20,280 Speaker 3: some money. It invested in Point Bonita Capital, which is 48 00:02:20,320 --> 00:02:24,480 Speaker 3: a unit of Jeffreys' Lukedia asset Management, and it has 49 00:02:24,639 --> 00:02:28,760 Speaker 3: large exposure to First Brands Group. So this is a 50 00:02:28,800 --> 00:02:32,720 Speaker 3: bankrupt autopart supplier. It actually filed for bankruptcy on September 51 00:02:32,720 --> 00:02:36,000 Speaker 3: twenty eighth, And actually there's a good note out just 52 00:02:36,120 --> 00:02:40,400 Speaker 3: now from Bloomberg Intelligence about what this might mean for Jeffries. 53 00:02:40,480 --> 00:02:43,840 Speaker 3: So basically the loss exposure to First Brands could be 54 00:02:43,919 --> 00:02:46,800 Speaker 3: as much as forty five million, which is three to 55 00:02:46,840 --> 00:02:50,840 Speaker 3: four percent of twenty twenty six pre tax income. So 56 00:02:50,919 --> 00:02:54,840 Speaker 3: that's from real types of Bloomberg intelligence. So seeing sort 57 00:02:54,880 --> 00:02:56,080 Speaker 3: of a ripple effect there. 58 00:02:56,840 --> 00:03:00,160 Speaker 2: Yeah, certainly also shares of Fico. I mean, this is 59 00:03:00,280 --> 00:03:02,960 Speaker 2: a company that we can't stop looking at, especially the 60 00:03:03,000 --> 00:03:05,400 Speaker 2: back and forth that we're seeing between Fiico and its 61 00:03:05,440 --> 00:03:08,480 Speaker 2: private competitor or Vantage Score. What's going on? What happened today? 62 00:03:08,560 --> 00:03:10,720 Speaker 3: We are seeing even more of that playing out today, 63 00:03:10,840 --> 00:03:14,880 Speaker 3: So Fiico Fico shares down almost ten percent, worst day 64 00:03:14,919 --> 00:03:18,200 Speaker 3: since the end of May, Equafax said that it's a 65 00:03:18,280 --> 00:03:20,959 Speaker 3: vantage Score four point zero service. It's going to offer 66 00:03:21,040 --> 00:03:24,120 Speaker 3: mortgage credit scores at four dollars and fifty cents through 67 00:03:24,160 --> 00:03:26,280 Speaker 3: the end of twenty twenty seven, and that's more than 68 00:03:26,280 --> 00:03:30,240 Speaker 3: fifty percent cheaper than what Fico is currently offering. So 69 00:03:30,360 --> 00:03:34,040 Speaker 3: basically it's responding to their monopoly, like doubling of their 70 00:03:34,040 --> 00:03:37,960 Speaker 3: mortgage credit score prices to ten dollars in twenty twenty six. 71 00:03:38,120 --> 00:03:42,200 Speaker 3: So really seeing that rivalry play out, that's a really 72 00:03:42,240 --> 00:03:46,200 Speaker 3: big decline in FICO shares, which had been climbing up 73 00:03:46,280 --> 00:03:49,320 Speaker 3: until today. Really, yeah, it was very interesting that Equafox 74 00:03:49,440 --> 00:03:51,920 Speaker 3: was like, this is a very direct response to what 75 00:03:52,000 --> 00:03:53,200 Speaker 3: you guys did last time week. 76 00:03:53,200 --> 00:03:54,120 Speaker 1: You're right, yeah, But. 77 00:03:54,160 --> 00:03:56,480 Speaker 3: I suppose I can imagine why this is such a 78 00:03:56,520 --> 00:03:59,320 Speaker 3: competitive space because you basically need a credit score for 79 00:03:59,520 --> 00:04:01,920 Speaker 3: just about every important life thing that you need to 80 00:04:01,920 --> 00:04:02,480 Speaker 3: do right. 81 00:04:02,600 --> 00:04:04,280 Speaker 2: And I mean, if you think about it, when it 82 00:04:04,320 --> 00:04:08,040 Speaker 2: comes to brand recognition, everyone knows the name Fiighto. So 83 00:04:08,080 --> 00:04:09,840 Speaker 2: it seems as a vantage Score is really trying to 84 00:04:09,840 --> 00:04:13,080 Speaker 2: push out here into this market and get some brand recognition, 85 00:04:13,160 --> 00:04:15,920 Speaker 2: some household recognition here. I just worked on a story 86 00:04:15,960 --> 00:04:19,039 Speaker 2: with Paige Smith on the Finance Team about vantage Score 87 00:04:19,160 --> 00:04:21,640 Speaker 2: and FIGHTO and the duking out that they've been doing 88 00:04:21,640 --> 00:04:25,560 Speaker 2: in a sense here. I mean, if you think about Experience, Equifax, TransUnion, 89 00:04:25,600 --> 00:04:27,599 Speaker 2: those are the ones that are backing vantage Score. So 90 00:04:27,640 --> 00:04:30,240 Speaker 2: it's kind of like, hey, do we even need FICO 91 00:04:30,320 --> 00:04:33,760 Speaker 2: for already supplying the information that's needed. So that's a 92 00:04:33,760 --> 00:04:35,400 Speaker 2: bit of the back and forth that you're seeing here, 93 00:04:35,480 --> 00:04:37,320 Speaker 2: this tussle in the market. 94 00:04:37,600 --> 00:04:42,240 Speaker 3: Yeah, yeah, yeah, I mean are you a three credit score? 95 00:04:42,320 --> 00:04:42,760 Speaker 3: Kind of gal? 96 00:04:43,320 --> 00:04:44,160 Speaker 2: Do I check them all? 97 00:04:44,200 --> 00:04:44,480 Speaker 3: You mean? 98 00:04:45,320 --> 00:04:48,760 Speaker 2: Honestly, I try not to check too often because I 99 00:04:48,760 --> 00:04:51,720 Speaker 2: think if I look at my credit score too frequently, 100 00:04:51,760 --> 00:04:54,800 Speaker 2: it's just going to stress me out. So periodically when necessary. 101 00:04:54,880 --> 00:04:57,040 Speaker 2: What about UK, Carmen and anything, I kind of sem. 102 00:04:56,839 --> 00:04:59,040 Speaker 3: I mean, unless I'm buying something where I need to 103 00:04:59,120 --> 00:05:01,440 Speaker 3: know it, which should I mean, I'm not buying a house, 104 00:05:01,440 --> 00:05:05,320 Speaker 3: so that is never happening. That's not really I'm not 105 00:05:06,000 --> 00:05:06,960 Speaker 3: checking it. 106 00:05:07,080 --> 00:05:07,960 Speaker 1: Not e company. 107 00:05:08,680 --> 00:05:10,280 Speaker 3: Yeah, I suppose it's a little bit like a four 108 00:05:10,320 --> 00:05:12,359 Speaker 3: to one K, right, Like you really just should be 109 00:05:12,440 --> 00:05:15,720 Speaker 3: checking it not too often to not stress yourself. You're 110 00:05:15,720 --> 00:05:17,640 Speaker 3: paying your bills, you don't have a lot of debt. 111 00:05:17,680 --> 00:05:19,719 Speaker 3: It should be okay. You know, we don't even really 112 00:05:19,760 --> 00:05:21,640 Speaker 3: know what goes in the secret size, so it's like 113 00:05:22,040 --> 00:05:22,719 Speaker 3: just leave it alone. 114 00:05:22,760 --> 00:05:25,640 Speaker 2: Absolutely. I mean, you're definitely seeing FIKO shares though, seeing 115 00:05:25,680 --> 00:05:28,839 Speaker 2: some pressure down about fifteen percent y're today as of 116 00:05:28,880 --> 00:05:32,600 Speaker 2: today's close, they lost shares lost nine point eight percent 117 00:05:32,640 --> 00:05:35,120 Speaker 2: at the closing bell, So I mean it really you 118 00:05:35,200 --> 00:05:38,360 Speaker 2: are seeing the pressure nonetheless of vantage score really trying 119 00:05:38,400 --> 00:05:40,440 Speaker 2: to shove them over to the side, if you will, 120 00:05:41,320 --> 00:05:43,320 Speaker 2: so want to definitely keep an eye on. Thank you 121 00:05:43,320 --> 00:05:45,880 Speaker 2: so much, Carmen for chatting stocks on the move with 122 00:05:45,960 --> 00:05:47,720 Speaker 2: us today. 123 00:05:47,760 --> 00:05:51,800 Speaker 1: The Stock Mover's report from Bloomberg Radio. Check back with 124 00:05:51,880 --> 00:05:54,479 Speaker 1: us throughout the day for the latest roundup of companies 125 00:05:54,520 --> 00:05:57,599 Speaker 1: making news on Wall Street and for the latest market 126 00:05:57,640 --> 00:06:02,120 Speaker 1: moving headlines. Listen to Bloomberg Radio Live, catch us on YouTube, 127 00:06:02,200 --> 00:06:05,719 Speaker 1: Bloomberg dot com, and on Applecarplay and Android Auto with 128 00:06:05,800 --> 00:06:07,240 Speaker 1: the Bloomberg Business app.