WEBVTT - Airbus Declines, Nvidia Dips, Strategy Drops on Bitcoin Rout

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

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<v Speaker 2>The Stock Movers Report, your roundup of companies making moves

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<v Speaker 2>in the stock market, harnessing the power of Bloomberg Data.

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<v Speaker 3>Let's take a look at some of the stocks on

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<v Speaker 3>the move today. I'm Paul Sweeney alongside Alexis Christofferson.

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<v Speaker 1>We're joined by Lisa. Let's tell you a Lisa, what

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<v Speaker 1>do you got?

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<v Speaker 2>All right?

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<v Speaker 4>I want to start with the Airbus because their shares

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<v Speaker 4>have been down as much as eleven percent in Paris.

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<v Speaker 3>A few things.

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<v Speaker 4>It's most popular product, taking a few hits. We're talking

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<v Speaker 4>about the A three twenty airliner. So the first hit

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<v Speaker 4>was that it flagged a software glitch on about six

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<v Speaker 4>thousand jets. They said they needed emergency upgrades. Then they said,

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<v Speaker 4>you know, over the weekend they did some fixes. Only

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<v Speaker 4>fewer than one hundred of those planes still need a

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<v Speaker 4>software fix, so they're making some headway. But then today

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<v Speaker 4>they got the bad news that there there is a

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<v Speaker 4>quality issue on some of the fuselage panels that require inspection.

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<v Speaker 4>So they said they're taking kind of like this conservative approach.

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<v Speaker 4>They're expecting aircraft that they think are impacted, even though

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<v Speaker 4>they know only a small portion of them are going

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<v Speaker 4>to be affected, but it's not clear how many inspections,

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<v Speaker 4>if they're going to impact their like tight delivery schedule

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<v Speaker 4>for the year, how many planes are affected by this.

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<v Speaker 4>It only has about four more weeks to kind of

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<v Speaker 4>scrape through together its target of eight hundred and twenty

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<v Speaker 4>aircraft deliveries for the year.

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<v Speaker 1>Since this is final headline, I don't know about that. Yeah,

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<v Speaker 1>it's not the news that they needed.

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<v Speaker 4>It's driving the stock down the most since April. So

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<v Speaker 4>not good for Airbus. Another deal for video, Yes, okay,

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<v Speaker 4>sending money.

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<v Speaker 1>That's the thing.

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<v Speaker 4>Yes, okay, So their shares are down nearly two percent.

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<v Speaker 4>But then you have chip design software or software maker Synopsis.

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<v Speaker 4>It's n SNPs. Their share have been up as much

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<v Speaker 4>as eight percent. So yes, and Vidia invested two billion

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<v Speaker 4>dollars into Synopsis' stock. It's a part of an engineering

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<v Speaker 4>design partnership and video purchase. The shares at four hundred

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<v Speaker 4>and fourteen dollars seventy nine cents each. Synopsis stock was

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<v Speaker 4>down almost fourteen percent so far this year through Friday's close,

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<v Speaker 4>and in Vinett they've been just on a roll, Like

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<v Speaker 4>you said, investing in a series of companies they had

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<v Speaker 4>open AI. You have data center operators like core Weave

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<v Speaker 4>and even agreed to a vest if you remember five

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<v Speaker 4>billion dollars in Intel. So yes, they are spending some money.

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<v Speaker 1>All right.

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<v Speaker 3>Bitcoin down again today point percent now a little more

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<v Speaker 3>than thirty percent.

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<v Speaker 1>From its high just from a couple of months ago.

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<v Speaker 1>How's that? How we're seeing that in the marketplace, and

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<v Speaker 1>what it's.

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<v Speaker 4>Affecting are those crypto exposed stocks. So yeah, crypto market,

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<v Speaker 4>it's just been on cheeky ground, like after a week's

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<v Speaker 4>long sell off. So we take a look at companies

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<v Speaker 4>like Coinbase ticker COI, and their shares have been down

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<v Speaker 4>as much as three percent. You go to Strategy mst

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<v Speaker 4>R down about four percent, and then Mara Holdings m

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<v Speaker 4>AAR their shares have been off as much as five percent.

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<v Speaker 4>So the bitcoin slide yeah, really affecting these crypto exposed

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<v Speaker 4>stocks as well. Yeah, before we let you go, Canadian

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<v Speaker 4>mining company Barrick Mining got some news coming out of

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<v Speaker 4>them today. They did okay, so ticker b their shares

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<v Speaker 4>have been rising as much as four percent. So they

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<v Speaker 4>said they're exploring an IPO of their North American gold assets.

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<v Speaker 4>The company yes, it's a Canadian mining company. It's been

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<v Speaker 4>dealing with a lot of things like operational issues, costs,

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<v Speaker 4>blowouts to on top of it. So Barrack Mining, you know,

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<v Speaker 4>they're seeing their stock rise, which is kind of what

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<v Speaker 4>this company needed. Its sticker bed for Barrick Mining and Gold.

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<v Speaker 3>I mean, you know, we're getting back up closer to

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<v Speaker 3>its highest back and Gold's up another thirty three dollars today,

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<v Speaker 3>just under forty three hundred dollars per ounce. Yeah, so

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<v Speaker 3>it's kind of getting right backed up towards.

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<v Speaker 4>The side and Copper right all the stock.

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<v Speaker 2>Movers report from Bloomberg Radio. Check back with us throughout

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