WEBVTT - Closing Bell: Regional Banks Rebound, American Express Surges, Oracle Falls

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<v Speaker 1>Bloomberg Audio Studios, podcasts, radio news.

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<v Speaker 2>This is the closing bell on this stock mover's report

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<v Speaker 2>the company's making moves at the close of US trading

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<v Speaker 2>with Carol Master, Tim Stenebeck, Romain Bostik, and Scarlett Fool.

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<v Speaker 3>All right, so let's get to you some of the

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<v Speaker 3>individual gainers. No surprise, I'm going to go to those

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<v Speaker 3>regional bank names. Zion's Bancorp rallying after that thirteen percent

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<v Speaker 3>decline yesterday, up almost six percent in today's session as

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<v Speaker 3>a new set of earnings from some of the regional

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<v Speaker 3>lenders were solid, so easing concerns about credit quality at

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<v Speaker 3>some of the regional banks. So you look at Zion's,

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<v Speaker 3>it was up five point eight percent, Truest, which came

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<v Speaker 3>out with earnings today they were up about three point

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<v Speaker 3>seven percent, and then Fifth Third that stock gained about

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<v Speaker 3>one point three percent. I also do want to mention

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<v Speaker 3>on Zion's upgraded to outperform from neutral at Baird, with

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<v Speaker 3>the analyst noting that the selloff seemed excessive. So we

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<v Speaker 3>definitely see some movement in those regionals to the upside.

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<v Speaker 3>Got to mention American Express that one one of the

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<v Speaker 3>top gainers in the SMP five hundred to gain the

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<v Speaker 3>more than seven percent. In today's session, Amex reported earnings

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<v Speaker 3>that beat expectations after unveiling that long anticipated Platinum credit

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<v Speaker 3>card refresh last month. Yeah, it costs a lot. You

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<v Speaker 3>get more benefits.

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<v Speaker 4>It costs a lot.

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<v Speaker 1>Can we talk about this? Sure because of someone who

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<v Speaker 1>now is on the hook for it was eight ninety five.

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<v Speaker 1>It's a lot, whatever it is. And that's on top

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<v Speaker 1>of you know, what you pay for, you know, all

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<v Speaker 1>these other high end cards as well. I need your help,

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<v Speaker 1>Carol Master.

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<v Speaker 3>Okay, I'm here to serve you, Romaine.

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<v Speaker 4>What do you need?

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<v Speaker 1>Okoy? Anyway, I need your credit card?

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<v Speaker 3>No, no, I know, I know.

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<v Speaker 1>Can you put me on your family plan or no?

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<v Speaker 1>No no?

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<v Speaker 3>But you also like have to pay for everybody else

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<v Speaker 3>who's on the plane. I'm like, you know, kid's twenty two.

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<v Speaker 3>I'm like, you're on your own now.

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<v Speaker 4>Wow?

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<v Speaker 3>No, not completely, not completely, but no, It's like, I

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<v Speaker 3>don't know, do the benefits outweigh the cost?

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<v Speaker 1>I don't know. We're about to find out, though, because

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<v Speaker 1>it's certainly all all these prices keep going up. What

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<v Speaker 1>else you got, Carl?

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<v Speaker 3>All right, one more thing for you kenv You guys,

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<v Speaker 3>that was up about eight point four percent in today's session,

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<v Speaker 3>up the most since August twenty twenty four, at least

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<v Speaker 3>on an inter day basis, rebounding from a sharp sell

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<v Speaker 3>off yesterday that sent shows to a record low on

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<v Speaker 3>news of a lawsuit in the UK related to the

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<v Speaker 3>use of TALC baby powder. We know that that's been

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<v Speaker 3>out there, Bloomberg Intelligence coming out and saying the size

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<v Speaker 3>of thursday stock tumble dwarfs the claim size of the

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<v Speaker 3>UK suit, So investors maybe agree with that, and so

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<v Speaker 3>coming back into that stock.

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<v Speaker 4>Yeah, we're talking about stocks in the green. Let's look

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<v Speaker 4>at the stocks in the red or assets in the red.

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<v Speaker 4>Gold peeling back from a pretty sharp rally. So we

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<v Speaker 4>saw a number of companies that mine the precious metal

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<v Speaker 4>under pressure. I want to focus on Neumont tigger ANYM

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<v Speaker 4>down more than seven and a half percent, one of

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<v Speaker 4>its worst days in quite some time, but still up

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<v Speaker 4>more than one hundred and forty percent this year alone. Guys.

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<v Speaker 4>This does also come after legendary investor Bill Gross came

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<v Speaker 4>out saying that gold could be either a meme asset

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<v Speaker 4>or a momentum asset. So certainly bit of pouring a

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<v Speaker 4>bit of cold water on that rally, but still again

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<v Speaker 4>precious metal up quite a bit. Also, want to talk

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<v Speaker 4>about one of the more important stocks in the world,

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<v Speaker 4>and that is Oracle, falling the most since January twenty seventh,

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<v Speaker 4>down almost seven percent. This is again a top ten company,

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<v Speaker 4>depending how you want to look at it, falling after

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<v Speaker 4>suggesting that investors anticipate a smaller boost from AI infrastructure spending.

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<v Speaker 4>This is a company that's partnered with open Ai, Meta

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<v Speaker 4>Elon Musk's Xai, so dialing back their long range financial outlook. Guys,

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<v Speaker 4>I don't know about you, but I feel like this

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<v Speaker 4>was kind of the entire bowl case for the market

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<v Speaker 4>and want to quickly hit.

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<v Speaker 3>On there's still up seventy five percent this year, well, still.

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<v Speaker 4>Up seventy five percent. Still, I don't know what did

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<v Speaker 4>I say? Eight hundred and thirty or billion dollars in

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<v Speaker 4>market coop, but focusing quickly on a smaller company Hymns

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<v Speaker 4>and Hers. We saw sell off in Novo Nordisky Lily

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<v Speaker 4>after President Trump talking about cutting the cost of those

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<v Speaker 4>GLP ones. Will that hit Hymns and Hers? Tacker hims

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<v Speaker 4>down sixteen percent? They help distribute some of these shots

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<v Speaker 4>to consumers using their apps. So certainly a rough day

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<v Speaker 4>depending where you sit in the health ecosystem.

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<v Speaker 2>Overall.

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<v Speaker 1>With equities, though, we did see a bit of a

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<v Speaker 1>relief rally, if you will, you also saw a bit

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<v Speaker 1>of relief in the treasury market as well. Treasuries down

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<v Speaker 1>terms on a price basis which pushes the yield higher

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<v Speaker 1>across the curve three to four basis points on the

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<v Speaker 1>shorter end of the curve, about two to one on

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<v Speaker 1>the longer end of the curve as well.

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<v Speaker 2>This Stock Movers report from Bloomberg Radio. Check back with

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