1 00:00:02,520 --> 00:00:09,640 Speaker 1: Bloomberg Audio Studios, podcasts, radio news. 2 00:00:09,880 --> 00:00:13,320 Speaker 2: This is the closing bell on this stock mover's report. 3 00:00:13,560 --> 00:00:16,520 Speaker 2: The company's making moves at the close of US trading 4 00:00:16,760 --> 00:00:21,560 Speaker 2: with Carol Masser, Tim Stenovak, Romaine Bostic, and Scarlet Fool. 5 00:00:23,040 --> 00:00:27,280 Speaker 1: S and P five hundred decidedly in record territories sixty. 6 00:00:27,000 --> 00:00:27,760 Speaker 3: Seven fifty three. 7 00:00:27,880 --> 00:00:29,920 Speaker 1: En change is we wait for these numbers to settle 8 00:00:30,000 --> 00:00:32,280 Speaker 1: up about thirty nine points or six tens of one percent, 9 00:00:32,479 --> 00:00:34,720 Speaker 1: the NASAK composite adding more than two hundred points or 10 00:00:34,760 --> 00:00:37,080 Speaker 1: a percent on the day, a three hundred point gain 11 00:00:37,120 --> 00:00:39,800 Speaker 1: for the Nasdaq one hundred percent on the day, both 12 00:00:39,800 --> 00:00:41,960 Speaker 1: at record highs. It looks like the Dow Jones Industrial 13 00:00:42,000 --> 00:00:44,760 Speaker 1: Average is going to close basically unchange on the day, 14 00:00:44,920 --> 00:00:47,920 Speaker 1: and the Russell two thousand participating in the action as well, 15 00:00:47,960 --> 00:00:50,320 Speaker 1: again of about twenty six points here on the day, 16 00:00:50,600 --> 00:00:53,840 Speaker 1: one percent and just about four point shy of its 17 00:00:53,880 --> 00:00:55,000 Speaker 1: most recent record high. 18 00:00:55,280 --> 00:00:57,240 Speaker 4: And digging a bit deeper into where a lot of 19 00:00:57,280 --> 00:00:59,240 Speaker 4: these stocks landed here, particularly in the S and P 20 00:00:59,280 --> 00:01:01,920 Speaker 4: five hundred, We've got about two hundred and sixty three 21 00:01:01,920 --> 00:01:05,039 Speaker 4: that settled up in the green two hundred and thirty 22 00:01:05,080 --> 00:01:07,839 Speaker 4: seven down here only three unchanged. 23 00:01:08,080 --> 00:01:09,959 Speaker 5: All right, it's circle time. Let's take a look at 24 00:01:09,959 --> 00:01:10,960 Speaker 5: the sectors right now. 25 00:01:11,080 --> 00:01:13,200 Speaker 3: More this Osboro or what is it? 26 00:01:15,080 --> 00:01:17,479 Speaker 5: Or if it's a snake that eats itself not well, 27 00:01:17,520 --> 00:01:19,200 Speaker 5: maybe it is what you're seeing today, at least when 28 00:01:19,240 --> 00:01:22,520 Speaker 5: it comes to the tech sector. But that's what's outperforming 29 00:01:22,920 --> 00:01:24,200 Speaker 5: Tech up one and a half. 30 00:01:24,280 --> 00:01:25,720 Speaker 3: And what is that? 31 00:01:25,800 --> 00:01:28,200 Speaker 5: Something I think that has to do with meat and 32 00:01:28,280 --> 00:01:30,360 Speaker 5: like maybe eating the marrow out of a bone. But 33 00:01:31,480 --> 00:01:34,240 Speaker 5: industrials also had a great day. Romaine ther second best 34 00:01:34,280 --> 00:01:36,000 Speaker 5: performing sector on the day. 35 00:01:36,040 --> 00:01:37,520 Speaker 3: Would didn't do too hot. 36 00:01:37,680 --> 00:01:40,319 Speaker 5: Financials that was your biggest loss leader, at least from 37 00:01:40,319 --> 00:01:42,920 Speaker 5: a points basis. We know the big bank earnings kickoff 38 00:01:42,920 --> 00:01:46,600 Speaker 5: pretty soon, Consumer stables, energy, and real estate. Also following over, we. 39 00:01:46,560 --> 00:01:48,600 Speaker 3: Just heard from Betsy graycech Over at Mortus Stanley. She's 40 00:01:48,600 --> 00:01:51,320 Speaker 3: actually pretty bullish about this earning season for yeah, big time. 41 00:01:51,840 --> 00:01:52,960 Speaker 5: She told us to buckle up. 42 00:01:53,080 --> 00:01:56,480 Speaker 3: She did unbuckled. What's next. 43 00:01:56,560 --> 00:01:58,080 Speaker 4: Let's take a look at some of the gainers that 44 00:01:58,080 --> 00:02:00,720 Speaker 4: we saw in the SAP, five hundred of them. To 45 00:02:00,800 --> 00:02:03,840 Speaker 4: look at ast Space Mobile. This is a company that 46 00:02:03,920 --> 00:02:06,040 Speaker 4: really spends a lot of its time in space. It 47 00:02:06,080 --> 00:02:10,799 Speaker 4: actually has a strong competition here with SpaceX their starlink there, 48 00:02:10,960 --> 00:02:13,800 Speaker 4: so we did see shares climbing earlier for double digit games, 49 00:02:13,800 --> 00:02:17,079 Speaker 4: but closing about eight percent higher at the closing bill. 50 00:02:17,200 --> 00:02:20,440 Speaker 4: This is after the company signed an agreement with Verizon 51 00:02:20,520 --> 00:02:23,840 Speaker 4: here to provide direct to cellular connectivity when needed for 52 00:02:23,919 --> 00:02:26,919 Speaker 4: customers starting next year. So we had William Blair saying 53 00:02:26,960 --> 00:02:30,320 Speaker 4: that this is really a competitive deal here for Verizon 54 00:02:30,440 --> 00:02:35,440 Speaker 4: specifically over SpaceX's starlink here, so one to definitely follow. 55 00:02:35,800 --> 00:02:37,960 Speaker 4: But of course, as we've been talking so much about AI, 56 00:02:38,080 --> 00:02:40,920 Speaker 4: we cannot stop talking about that story here. Shares of 57 00:02:40,960 --> 00:02:44,960 Speaker 4: AMD also in focus, up eleven percent today. I mean, 58 00:02:45,000 --> 00:02:46,600 Speaker 4: this has been a company that we've been talking about 59 00:02:46,680 --> 00:02:48,720 Speaker 4: quite some time as you think about it, with the 60 00:02:48,880 --> 00:02:51,400 Speaker 4: likes of Nvidia and a few of its other peers. 61 00:02:51,400 --> 00:02:54,240 Speaker 4: But the news today, of course Nvidia agreeing to invest 62 00:02:54,280 --> 00:02:56,200 Speaker 4: as much as one hundred billion dollars in open AI 63 00:02:56,320 --> 00:02:59,440 Speaker 4: to fund a data center build out. So of course 64 00:02:59,480 --> 00:03:02,880 Speaker 4: that's really a broader scope here. But this open IAI 65 00:03:02,960 --> 00:03:06,480 Speaker 4: is striking a deal with in video Arrival AMD to 66 00:03:06,520 --> 00:03:09,080 Speaker 4: deploy tens of billions of dollars worth of chips here. 67 00:03:09,280 --> 00:03:13,320 Speaker 4: Open AI is poised to become one of AMD's largest shareholders. 68 00:03:13,600 --> 00:03:16,480 Speaker 4: Really seeing a buoy to the sock here. And lastly, 69 00:03:16,760 --> 00:03:19,120 Speaker 4: let's look at the beauty space. I'm looking at shares 70 00:03:19,160 --> 00:03:22,959 Speaker 4: of Elf Beauty right now. Shares ended about three percent 71 00:03:23,040 --> 00:03:25,400 Speaker 4: higher at the closing bell. It actually got a price 72 00:03:25,440 --> 00:03:27,959 Speaker 4: target lift. At Morgan Stanley, the analyst over there is 73 00:03:28,000 --> 00:03:31,160 Speaker 4: really pointing toward a very strong launch for its Road 74 00:03:31,200 --> 00:03:33,280 Speaker 4: brand at Sephora. I don't know if you guys are familiar. 75 00:03:33,320 --> 00:03:37,000 Speaker 4: That's Hailey Bieber. Her makeup brand is called Road. Apparently 76 00:03:37,000 --> 00:03:39,920 Speaker 4: they had a very strong launch at the Sophora's store 77 00:03:40,000 --> 00:03:42,200 Speaker 4: is here, So you are seeing the lyft as Morgan 78 00:03:42,200 --> 00:03:44,480 Speaker 4: Stanley is pushing the price target up to a street high. 79 00:03:44,520 --> 00:03:46,320 Speaker 5: We're actually well versed in makeup books. 80 00:03:46,320 --> 00:03:49,280 Speaker 4: Okay, yeah, we are, we are. We are. 81 00:03:50,920 --> 00:03:52,440 Speaker 5: All right, decliners. What's up? 82 00:03:52,600 --> 00:03:55,080 Speaker 6: Well, it's green and is green Katie. But there are 83 00:03:55,120 --> 00:03:57,680 Speaker 6: a few stocks that fell today. One of them is 84 00:03:57,760 --> 00:04:00,600 Speaker 6: fair Isaac. You and I probably know that more commonly 85 00:04:00,640 --> 00:04:04,480 Speaker 6: as Fyco, and is falling not because of news specific 86 00:04:04,520 --> 00:04:08,600 Speaker 6: to Fico itself, but because of news from its competitor Equifax, 87 00:04:08,640 --> 00:04:11,920 Speaker 6: saying that it will offer its Vantage score four point 88 00:04:12,000 --> 00:04:15,840 Speaker 6: zero service to mortgage credit scores at four dollars fifty 89 00:04:15,920 --> 00:04:19,680 Speaker 6: cents through the end of twenty twenty seven. Remember last week, 90 00:04:19,680 --> 00:04:22,960 Speaker 6: FICO said it will sell credit scores directly to mortgage 91 00:04:23,040 --> 00:04:27,279 Speaker 6: resellers and Equifax saying that its move is a direct 92 00:04:27,360 --> 00:04:30,719 Speaker 6: response to what FICO is doing there. So it's a 93 00:04:30,720 --> 00:04:33,440 Speaker 6: little bit of a tussle between credit score provider. Is 94 00:04:33,440 --> 00:04:37,120 Speaker 6: a very interesting space there, but certainly FICO taking the 95 00:04:37,160 --> 00:04:40,920 Speaker 6: brunch of that pain from that news today. Another decliner 96 00:04:41,080 --> 00:04:43,200 Speaker 6: I want to pay attention to today is, of course 97 00:04:43,320 --> 00:04:47,480 Speaker 6: Warner Brothers those shares down after we did get news 98 00:04:47,680 --> 00:04:51,080 Speaker 6: people familiar with saying that Paramount Skydance has discussed its 99 00:04:51,120 --> 00:04:55,520 Speaker 6: interest in according to Warner Brothers Discovery with Legendary Entertainment 100 00:04:55,600 --> 00:04:58,839 Speaker 6: and Apollo Global Management. Now the talk seem to be 101 00:04:58,880 --> 00:05:04,000 Speaker 6: related specifically to Legendary's investment in some key film franchise. 102 00:05:04,040 --> 00:05:06,880 Speaker 6: It's ever heard of Dune or Godzilla. So these are 103 00:05:06,920 --> 00:05:10,120 Speaker 6: some of the asses that are potentially being discussed here. 104 00:05:10,480 --> 00:05:13,280 Speaker 6: And the bottom line is this looks like this is 105 00:05:13,560 --> 00:05:16,640 Speaker 6: going to be another delay to this potential acquisition. They 106 00:05:16,640 --> 00:05:18,880 Speaker 6: were hoping to get this done before the Warner Brothers 107 00:05:18,920 --> 00:05:22,280 Speaker 6: split in early twenty twenty six. But another road black And. 108 00:05:22,520 --> 00:05:26,320 Speaker 3: Have you actually seen Dune? Christine saw the Oh really 109 00:05:26,800 --> 00:05:31,240 Speaker 3: you liked it? I mean it's interesting. Yeah, it's not 110 00:05:31,400 --> 00:05:32,200 Speaker 3: in my cup of tea. 111 00:05:32,279 --> 00:05:33,840 Speaker 4: Necessarily, So would it watch it again? 112 00:05:34,000 --> 00:05:36,400 Speaker 6: Yeah? Yeah, no, I wouldn't watch it again. I may 113 00:05:36,440 --> 00:05:37,840 Speaker 6: have fallen asleep in the middle of it. 114 00:05:37,920 --> 00:05:38,280 Speaker 3: Oh. 115 00:05:38,960 --> 00:05:41,719 Speaker 5: I actually did fall asleep in theaters during Dune too, 116 00:05:41,760 --> 00:05:43,760 Speaker 5: but that's because we went to a midnight showing and 117 00:05:44,320 --> 00:05:45,680 Speaker 5: you know, that's a young man's game. 118 00:05:45,839 --> 00:05:47,600 Speaker 3: But great movie. 119 00:05:47,880 --> 00:05:48,560 Speaker 4: Oh there you go. 120 00:05:49,000 --> 00:05:49,360 Speaker 3: Yeah. 121 00:05:49,680 --> 00:05:51,960 Speaker 1: How about that bond market though, yeah, how about that 122 00:05:52,000 --> 00:05:52,640 Speaker 1: bond market? 123 00:05:52,800 --> 00:05:54,440 Speaker 3: Well, not a whole lot. I mean, I don't know 124 00:05:54,480 --> 00:05:54,760 Speaker 3: if you. 125 00:05:54,720 --> 00:05:56,800 Speaker 1: Heard Katie Gryfield, but there was a tale on the 126 00:05:56,800 --> 00:06:00,160 Speaker 1: most recent ten years here. Actually, in all serious is though, 127 00:06:00,160 --> 00:06:02,039 Speaker 1: you'dn't really seen a whole lot of activity. A little 128 00:06:02,040 --> 00:06:04,240 Speaker 1: bit of activity on the longer end of the curve, 129 00:06:04,320 --> 00:06:06,560 Speaker 1: but that was mostly selling and pushing yields higher by 130 00:06:06,600 --> 00:06:09,880 Speaker 1: about two basis points, a very very modest bid on 131 00:06:09,920 --> 00:06:12,000 Speaker 1: the long end of the curve, with that thirty year 132 00:06:12,120 --> 00:06:14,960 Speaker 1: yield just down less than a basis point. 133 00:06:17,000 --> 00:06:21,040 Speaker 2: This stock movers report from Bloomberg Radio. Check back with 134 00:06:21,120 --> 00:06:23,680 Speaker 2: us throughout the day for the latest roundup of companies 135 00:06:23,760 --> 00:06:26,880 Speaker 2: making news on Wall Street and for the latest market 136 00:06:26,880 --> 00:06:31,360 Speaker 2: moving headlines. Listen to Bloomberg Radio Live, catch us on YouTube, 137 00:06:31,440 --> 00:06:34,960 Speaker 2: Bloomberg dot com, and on Applecarplay and Android Auto with 138 00:06:35,040 --> 00:06:36,520 Speaker 2: the Bloomberg Business app.