1 00:00:02,520 --> 00:00:07,040 Speaker 1: Bloomberg Audio Studios, podcasts, radio news. 2 00:00:09,920 --> 00:00:13,360 Speaker 2: This is the closing bell on this stock mover's report 3 00:00:13,600 --> 00:00:16,560 Speaker 2: the company's making moves at the close of US trading 4 00:00:16,800 --> 00:00:21,319 Speaker 2: with Carol Master, Tim Stenebeck, Romain Bostik, and Scarlett Fool. 5 00:00:21,920 --> 00:00:23,239 Speaker 3: All right, so let's get to you some of the 6 00:00:23,280 --> 00:00:25,440 Speaker 3: individual gainers. No surprise, I'm going to go to those 7 00:00:25,480 --> 00:00:29,800 Speaker 3: regional bank names. Zion's Bancorp rallying after that thirteen percent 8 00:00:29,840 --> 00:00:33,839 Speaker 3: decline yesterday, up almost six percent in today's session as 9 00:00:33,880 --> 00:00:35,479 Speaker 3: a new set of earnings from some of the regional 10 00:00:35,560 --> 00:00:40,440 Speaker 3: lenders were solid, so easing concerns about credit quality at 11 00:00:40,440 --> 00:00:42,720 Speaker 3: some of the regional banks. So you look at Zion's, 12 00:00:42,800 --> 00:00:45,840 Speaker 3: it was up five point eight percent, Truest, which came 13 00:00:45,840 --> 00:00:49,520 Speaker 3: out with earnings today they were up about three point 14 00:00:49,600 --> 00:00:52,720 Speaker 3: seven percent, and then Fifth Third that stock gained about 15 00:00:52,720 --> 00:00:54,560 Speaker 3: one point three percent. I also do want to mention 16 00:00:54,600 --> 00:00:57,720 Speaker 3: on Zion's upgraded to outperform from neutral at Baird, with 17 00:00:57,760 --> 00:01:01,400 Speaker 3: the analyst noting that the selloff seemed excessive. So we 18 00:01:01,480 --> 00:01:04,000 Speaker 3: definitely see some movement in those regionals to the upside. 19 00:01:04,160 --> 00:01:06,520 Speaker 3: Got to mention American Express that one one of the 20 00:01:06,520 --> 00:01:08,520 Speaker 3: top gainers in the SMP five hundred to gain the 21 00:01:08,600 --> 00:01:12,240 Speaker 3: more than seven percent. In today's session, Amex reported earnings 22 00:01:12,240 --> 00:01:15,959 Speaker 3: that beat expectations after unveiling that long anticipated Platinum credit 23 00:01:16,040 --> 00:01:19,000 Speaker 3: card refresh last month. Yeah, it costs a lot. You 24 00:01:19,040 --> 00:01:19,880 Speaker 3: get more benefits. 25 00:01:20,040 --> 00:01:20,760 Speaker 4: It costs a lot. 26 00:01:20,800 --> 00:01:22,880 Speaker 1: Can we talk about this? Sure because of someone who 27 00:01:23,120 --> 00:01:24,880 Speaker 1: now is on the hook for it was eight ninety five. 28 00:01:24,959 --> 00:01:27,080 Speaker 1: It's a lot, whatever it is. And that's on top 29 00:01:27,120 --> 00:01:28,640 Speaker 1: of you know, what you pay for, you know, all 30 00:01:28,640 --> 00:01:32,000 Speaker 1: these other high end cards as well. I need your help, 31 00:01:32,040 --> 00:01:32,559 Speaker 1: Carol Master. 32 00:01:32,760 --> 00:01:34,320 Speaker 3: Okay, I'm here to serve you, Romaine. 33 00:01:34,360 --> 00:01:34,840 Speaker 4: What do you need? 34 00:01:35,640 --> 00:01:38,479 Speaker 1: Okoy? Anyway, I need your credit card? 35 00:01:39,440 --> 00:01:41,039 Speaker 3: No, no, I know, I know. 36 00:01:41,280 --> 00:01:42,800 Speaker 1: Can you put me on your family plan or no? 37 00:01:43,200 --> 00:01:44,160 Speaker 1: No no? 38 00:01:44,280 --> 00:01:46,399 Speaker 3: But you also like have to pay for everybody else 39 00:01:46,400 --> 00:01:48,680 Speaker 3: who's on the plane. I'm like, you know, kid's twenty two. 40 00:01:48,720 --> 00:01:49,880 Speaker 3: I'm like, you're on your own now. 41 00:01:50,080 --> 00:01:50,440 Speaker 4: Wow? 42 00:01:50,880 --> 00:01:54,200 Speaker 3: No, not completely, not completely, but no, It's like, I 43 00:01:54,240 --> 00:01:57,360 Speaker 3: don't know, do the benefits outweigh the cost? 44 00:01:57,840 --> 00:01:59,880 Speaker 1: I don't know. We're about to find out, though, because 45 00:01:59,880 --> 00:02:02,160 Speaker 1: it's certainly all all these prices keep going up. What 46 00:02:02,200 --> 00:02:02,840 Speaker 1: else you got, Carl? 47 00:02:02,840 --> 00:02:05,040 Speaker 3: All right, one more thing for you kenv You guys, 48 00:02:05,600 --> 00:02:07,920 Speaker 3: that was up about eight point four percent in today's session, 49 00:02:08,639 --> 00:02:10,799 Speaker 3: up the most since August twenty twenty four, at least 50 00:02:10,800 --> 00:02:13,280 Speaker 3: on an inter day basis, rebounding from a sharp sell 51 00:02:13,320 --> 00:02:16,000 Speaker 3: off yesterday that sent shows to a record low on 52 00:02:16,080 --> 00:02:17,959 Speaker 3: news of a lawsuit in the UK related to the 53 00:02:18,040 --> 00:02:20,200 Speaker 3: use of TALC baby powder. We know that that's been 54 00:02:20,240 --> 00:02:23,280 Speaker 3: out there, Bloomberg Intelligence coming out and saying the size 55 00:02:23,280 --> 00:02:25,880 Speaker 3: of thursday stock tumble dwarfs the claim size of the 56 00:02:25,960 --> 00:02:30,120 Speaker 3: UK suit, So investors maybe agree with that, and so 57 00:02:30,280 --> 00:02:31,360 Speaker 3: coming back into that stock. 58 00:02:31,560 --> 00:02:33,600 Speaker 4: Yeah, we're talking about stocks in the green. Let's look 59 00:02:33,600 --> 00:02:35,680 Speaker 4: at the stocks in the red or assets in the red. 60 00:02:35,720 --> 00:02:39,000 Speaker 4: Gold peeling back from a pretty sharp rally. So we 61 00:02:39,040 --> 00:02:41,480 Speaker 4: saw a number of companies that mine the precious metal 62 00:02:41,520 --> 00:02:44,519 Speaker 4: under pressure. I want to focus on Neumont tigger ANYM 63 00:02:44,560 --> 00:02:46,519 Speaker 4: down more than seven and a half percent, one of 64 00:02:46,560 --> 00:02:48,720 Speaker 4: its worst days in quite some time, but still up 65 00:02:48,760 --> 00:02:52,040 Speaker 4: more than one hundred and forty percent this year alone. Guys. 66 00:02:52,040 --> 00:02:55,520 Speaker 4: This does also come after legendary investor Bill Gross came 67 00:02:55,560 --> 00:02:57,960 Speaker 4: out saying that gold could be either a meme asset 68 00:02:58,040 --> 00:03:00,959 Speaker 4: or a momentum asset. So certainly bit of pouring a 69 00:03:01,000 --> 00:03:03,440 Speaker 4: bit of cold water on that rally, but still again 70 00:03:03,600 --> 00:03:05,919 Speaker 4: precious metal up quite a bit. Also, want to talk 71 00:03:05,960 --> 00:03:08,840 Speaker 4: about one of the more important stocks in the world, 72 00:03:08,919 --> 00:03:13,560 Speaker 4: and that is Oracle, falling the most since January twenty seventh, 73 00:03:13,600 --> 00:03:17,040 Speaker 4: down almost seven percent. This is again a top ten company, 74 00:03:17,400 --> 00:03:19,840 Speaker 4: depending how you want to look at it, falling after 75 00:03:20,280 --> 00:03:25,480 Speaker 4: suggesting that investors anticipate a smaller boost from AI infrastructure spending. 76 00:03:25,480 --> 00:03:27,960 Speaker 4: This is a company that's partnered with open Ai, Meta 77 00:03:28,000 --> 00:03:32,840 Speaker 4: Elon Musk's Xai, so dialing back their long range financial outlook. Guys, 78 00:03:32,840 --> 00:03:34,160 Speaker 4: I don't know about you, but I feel like this 79 00:03:34,240 --> 00:03:36,560 Speaker 4: was kind of the entire bowl case for the market 80 00:03:36,640 --> 00:03:37,600 Speaker 4: and want to quickly hit. 81 00:03:37,480 --> 00:03:40,280 Speaker 3: On there's still up seventy five percent this year, well, still. 82 00:03:40,200 --> 00:03:42,240 Speaker 4: Up seventy five percent. Still, I don't know what did 83 00:03:42,240 --> 00:03:45,080 Speaker 4: I say? Eight hundred and thirty or billion dollars in 84 00:03:45,160 --> 00:03:48,800 Speaker 4: market coop, but focusing quickly on a smaller company Hymns 85 00:03:48,800 --> 00:03:51,840 Speaker 4: and Hers. We saw sell off in Novo Nordisky Lily 86 00:03:51,880 --> 00:03:54,280 Speaker 4: after President Trump talking about cutting the cost of those 87 00:03:54,320 --> 00:03:57,559 Speaker 4: GLP ones. Will that hit Hymns and Hers? Tacker hims 88 00:03:57,800 --> 00:04:01,800 Speaker 4: down sixteen percent? They help distribute some of these shots 89 00:04:01,800 --> 00:04:05,240 Speaker 4: to consumers using their apps. So certainly a rough day 90 00:04:05,280 --> 00:04:07,440 Speaker 4: depending where you sit in the health ecosystem. 91 00:04:07,680 --> 00:04:08,160 Speaker 2: Overall. 92 00:04:08,200 --> 00:04:09,880 Speaker 1: With equities, though, we did see a bit of a 93 00:04:09,920 --> 00:04:12,600 Speaker 1: relief rally, if you will, you also saw a bit 94 00:04:12,760 --> 00:04:15,880 Speaker 1: of relief in the treasury market as well. Treasuries down 95 00:04:16,240 --> 00:04:18,840 Speaker 1: terms on a price basis which pushes the yield higher 96 00:04:18,880 --> 00:04:21,280 Speaker 1: across the curve three to four basis points on the 97 00:04:21,279 --> 00:04:23,520 Speaker 1: shorter end of the curve, about two to one on 98 00:04:23,640 --> 00:04:26,039 Speaker 1: the longer end of the curve as well. 99 00:04:27,800 --> 00:04:31,840 Speaker 2: This Stock Movers report from Bloomberg Radio. Check back with 100 00:04:31,920 --> 00:04:34,480 Speaker 2: us throughout the day for the latest roundup of companies 101 00:04:34,560 --> 00:04:37,640 Speaker 2: making news on Wall Street and for the latest market 102 00:04:37,680 --> 00:04:42,160 Speaker 2: moving headlines. Listen to Bloomberg Radio Live, catch us on YouTube, 103 00:04:42,240 --> 00:04:45,760 Speaker 2: Bloomberg dot com, and on Applecarplay and Android Auto with 104 00:04:45,800 --> 00:04:47,320 Speaker 2: the Bloomberg Business app.