1 00:00:02,520 --> 00:00:07,040 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 movers 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 --> 00:00:21,279 Speaker 2: with Carol Masser, Tim Stenobeck, Romain Bostik, and Scarlet Foo. 5 00:00:22,079 --> 00:00:23,640 Speaker 3: Hey, listen to the s and P five hundred for 6 00:00:23,680 --> 00:00:26,160 Speaker 3: the month of October, folks up two point three percent, 7 00:00:26,239 --> 00:00:28,560 Speaker 3: Nasdaq one hundred to gain at four point eight percent. 8 00:00:28,920 --> 00:00:31,880 Speaker 3: And this on a day, David, where we are seeing 9 00:00:32,000 --> 00:00:33,280 Speaker 3: kind of an even split in the S and P 10 00:00:33,360 --> 00:00:35,440 Speaker 3: five hundred, two hundred and sixty names to the upside, 11 00:00:35,600 --> 00:00:37,120 Speaker 3: two hundred and thirty nine to the downside. 12 00:00:37,159 --> 00:00:38,279 Speaker 4: Yeah, you're right, toughly half and a half. 13 00:00:38,320 --> 00:00:40,479 Speaker 5: You're looking at consumer dis squestioning up about four percent, 14 00:00:40,600 --> 00:00:43,000 Speaker 5: energy about six tens of percent. You know, we talk 15 00:00:43,080 --> 00:00:46,160 Speaker 5: so much about tech and information technology. I'm struck here 16 00:00:46,159 --> 00:00:48,040 Speaker 5: just looking at the IMAP function here on the terminal. 17 00:00:48,400 --> 00:00:51,200 Speaker 5: Information technology down actually about three tens of percent. 18 00:00:51,240 --> 00:00:53,400 Speaker 3: All right, So let's go to kind of a mixture 19 00:00:53,440 --> 00:00:54,960 Speaker 3: of red and green there. So let's go to some 20 00:00:55,000 --> 00:00:57,360 Speaker 3: of the individual games. I had to talk about. Amazon, 21 00:00:58,080 --> 00:01:00,840 Speaker 3: your top gainer are among your top gainers in the 22 00:01:00,880 --> 00:01:04,360 Speaker 3: major indices today finishing the day off its best levels, 23 00:01:04,360 --> 00:01:07,840 Speaker 3: but still again of about nine point six percent. Just quickly, 24 00:01:08,080 --> 00:01:11,200 Speaker 3: you know who they are, e Commerce, cloud Computing, one 25 00:01:11,200 --> 00:01:13,480 Speaker 3: of the largest market cap companies out there. They did 26 00:01:13,560 --> 00:01:17,280 Speaker 3: report third quarter results i'd beat expectations with its Amazon 27 00:01:17,319 --> 00:01:20,480 Speaker 3: Web Services business especially strong, and it also gave a 28 00:01:20,480 --> 00:01:24,400 Speaker 3: positive forecast. Lots and lots of Wall Street analysts raising 29 00:01:24,440 --> 00:01:26,679 Speaker 3: their price targets on the stock. I do think this 30 00:01:26,760 --> 00:01:30,039 Speaker 3: is also maybe a record close on this dame. We 31 00:01:30,080 --> 00:01:32,200 Speaker 3: certainly did see a record interday and it looks like 32 00:01:32,400 --> 00:01:36,080 Speaker 3: a record close also for Amazon on this Friday. Over 33 00:01:36,080 --> 00:01:39,040 Speaker 3: to Netflix we go that stuck up about two point 34 00:01:39,120 --> 00:01:42,520 Speaker 3: seven percent today's session, rallying. It announced a ten for 35 00:01:42,600 --> 00:01:45,639 Speaker 3: one stock split that was after the close yesterday. Also, 36 00:01:45,760 --> 00:01:48,680 Speaker 3: Netflix said to be actively exploring a bit for Warner 37 00:01:48,680 --> 00:01:52,279 Speaker 3: Brothers studio and streaming businesses. This came out from Reuter, 38 00:01:52,440 --> 00:01:55,360 Speaker 3: citing people with knowledge of the matter. Remember, though Bloomberg 39 00:01:55,400 --> 00:01:59,280 Speaker 3: News also has reported earlier that Netflix and both comcasts 40 00:01:59,320 --> 00:02:03,760 Speaker 3: are way bids for parts of the company, so company 41 00:02:03,840 --> 00:02:06,160 Speaker 3: at play. But Netflix was hired two point seven percent 42 00:02:06,160 --> 00:02:08,760 Speaker 3: and Warner Brothers as that target up another three point 43 00:02:08,800 --> 00:02:11,280 Speaker 3: eight percent in today's session, and then I just wanted 44 00:02:11,320 --> 00:02:13,560 Speaker 3: to throw First Solar. That's your number one gainer in 45 00:02:13,600 --> 00:02:16,080 Speaker 3: the s and P five hundred on this Friday, a 46 00:02:16,080 --> 00:02:18,799 Speaker 3: gain of about fourteen percent. Third quarter earnings per year 47 00:02:18,880 --> 00:02:22,440 Speaker 3: beat estimates. Alice viewing the company's full year narrowed guidance 48 00:02:22,480 --> 00:02:25,919 Speaker 3: as better than feared given the regulatory backdrop. We know 49 00:02:26,040 --> 00:02:29,200 Speaker 3: the pushback that we've seen from the administration on solar 50 00:02:29,200 --> 00:02:32,320 Speaker 3: and other alt energy. Several analysts also raising its price 51 00:02:32,360 --> 00:02:34,440 Speaker 3: target tim on the stock on this Friday. 52 00:02:34,520 --> 00:02:36,640 Speaker 1: Well, First Solar maybe the best performer in the s 53 00:02:36,680 --> 00:02:39,360 Speaker 1: and P five hundred today. The worst performer that goes 54 00:02:39,400 --> 00:02:43,880 Speaker 1: to dex Calm down fourteen point six percent. This after 55 00:02:43,919 --> 00:02:46,320 Speaker 1: the company cut its adjusted gross margin forecasts for the 56 00:02:46,360 --> 00:02:48,079 Speaker 1: full year. There were some analysts, though, who came out 57 00:02:48,120 --> 00:02:51,040 Speaker 1: and said that twenty twenty six growth outlook I was 58 00:02:51,080 --> 00:02:53,600 Speaker 1: a little cautious. They view it as conservative in several 59 00:02:53,639 --> 00:02:55,560 Speaker 1: firms saying they're going to use the weakness as a 60 00:02:55,600 --> 00:02:58,200 Speaker 1: buying opportunity, and I think many would argue there was 61 00:02:58,400 --> 00:03:01,240 Speaker 1: quite a bit of weakness today. Speaking of weakness, the 62 00:03:01,280 --> 00:03:04,840 Speaker 1: worst day ever for new old brands down twenty eight 63 00:03:05,040 --> 00:03:09,560 Speaker 1: percent today. This is the parent company of Grayco, Rubber Maid, Yankee, Candle, 64 00:03:09,720 --> 00:03:14,000 Speaker 1: Elmer's Glue, Sharpie, and more. The company cut its normalized 65 00:03:14,040 --> 00:03:16,280 Speaker 1: earnings per share forecast for the full year, reported third 66 00:03:16,360 --> 00:03:19,320 Speaker 1: quarter results that were below consensus. It's now trading at 67 00:03:19,400 --> 00:03:23,079 Speaker 1: levels last seen in two thousand and nine. The companies 68 00:03:23,080 --> 00:03:25,360 Speaker 1: said it raised prices in response to tariffs, but competitors 69 00:03:25,440 --> 00:03:27,799 Speaker 1: they did not do the same and that hurt its 70 00:03:27,800 --> 00:03:32,960 Speaker 1: position in the market. And finally, more superlatives for luminar 71 00:03:33,000 --> 00:03:37,440 Speaker 1: technology ticker laser LAZR the worst day ever for the company. 72 00:03:37,680 --> 00:03:40,960 Speaker 1: Shares fell by more than forty five percent. It's now 73 00:03:41,000 --> 00:03:43,120 Speaker 1: trading at its lowest level ever. It's a record low 74 00:03:43,200 --> 00:03:46,080 Speaker 1: for the company. The automotive tech company makes light our 75 00:03:46,160 --> 00:03:49,000 Speaker 1: sensors and more raised a going concern warning. It says 76 00:03:49,040 --> 00:03:51,600 Speaker 1: it received a subpoena from the SEC for documents in 77 00:03:51,640 --> 00:03:55,080 Speaker 1: connection with an investigation it's conducting to determine if there 78 00:03:55,120 --> 00:03:57,360 Speaker 1: has been a violation of federal securities laws. The company 79 00:03:57,400 --> 00:04:00,680 Speaker 1: is exploring strategic alternatives, including a sale. Once again, shares 80 00:04:00,720 --> 00:04:02,400 Speaker 1: down more than forty five percent. 81 00:04:02,480 --> 00:04:04,800 Speaker 6: Yeah, total wipeout in Laser. Let's get to the good 82 00:04:04,800 --> 00:04:07,160 Speaker 6: stuff and go to the bond market. We've been talking 83 00:04:07,200 --> 00:04:10,400 Speaker 6: about AI. Of course, we had those magnificent seven earnings, 84 00:04:10,400 --> 00:04:12,920 Speaker 6: but you remember we had a FED decision this week. 85 00:04:12,960 --> 00:04:14,800 Speaker 6: We had a FED meeting in which the FED chair 86 00:04:14,880 --> 00:04:17,880 Speaker 6: said that a December hike is or a rate cut 87 00:04:17,960 --> 00:04:20,640 Speaker 6: rather in December. It's no sure thing, and that really 88 00:04:20,720 --> 00:04:23,719 Speaker 6: has had an interesting impact on the bond market today. 89 00:04:23,720 --> 00:04:26,120 Speaker 6: Though pretty quiet the ten year treasure old. I'm going 90 00:04:26,160 --> 00:04:28,839 Speaker 6: to go ahead and call that unchanged. We're still well 91 00:04:28,880 --> 00:04:31,960 Speaker 6: above four percent. We did briefly get below that earlier 92 00:04:32,400 --> 00:04:35,320 Speaker 6: in the past week or so, but overall pretty quiet 93 00:04:35,440 --> 00:04:36,560 Speaker 6: when it comes to the bond market. 94 00:04:36,560 --> 00:04:39,200 Speaker 4: Carol, all right, let's get to well. 95 00:04:39,200 --> 00:04:40,760 Speaker 3: First of all, I just gonna say, David Gerr, are 96 00:04:40,760 --> 00:04:42,800 Speaker 3: you trying to cast some problems? You want him to 97 00:04:42,800 --> 00:04:43,360 Speaker 3: do the gainers? 98 00:04:43,400 --> 00:04:43,599 Speaker 2: Yeah? 99 00:04:43,600 --> 00:04:45,360 Speaker 5: I thought maybe mix it up a little bit next 100 00:04:45,360 --> 00:04:46,920 Speaker 5: time if I'm invited back. 101 00:04:47,120 --> 00:04:49,040 Speaker 1: I got to say, how come you never did that? 102 00:04:49,320 --> 00:04:51,240 Speaker 1: People said, how came you never get to do the gainers? 103 00:04:51,240 --> 00:04:52,960 Speaker 1: And I say, I do them when Carol's got home. 104 00:04:53,040 --> 00:04:56,080 Speaker 6: Well, David girl causing a ruckus in this chat, also 105 00:04:56,120 --> 00:04:58,840 Speaker 6: calling out Tim Stenovich for submitting his decliner's lates. 106 00:04:59,279 --> 00:05:00,640 Speaker 1: That's thing David. 107 00:05:00,640 --> 00:05:06,320 Speaker 3: I kind of just squeezing cousin problems, causing problems. All right, 108 00:05:06,360 --> 00:05:08,960 Speaker 3: let's get to some stories that are on our radar. 109 00:05:08,960 --> 00:05:10,760 Speaker 3: A lot of it has to do with Halloween. It 110 00:05:10,839 --> 00:05:13,960 Speaker 3: is Halloween, Happy Halloween, everybody. This one caught Tim and 111 00:05:14,040 --> 00:05:17,839 Speaker 3: my attention comes from our Business Week daily newsletter. And 112 00:05:17,920 --> 00:05:20,159 Speaker 3: it has to do with an old bank that's downtown. 113 00:05:20,360 --> 00:05:23,320 Speaker 3: It's been vacant. It played a pretty big role in 114 00:05:23,360 --> 00:05:28,560 Speaker 3: the nineteen twenties in terms of the excesses and then carelessness. 115 00:05:30,200 --> 00:05:32,680 Speaker 3: It's a National City Bank of New York, and now 116 00:05:33,160 --> 00:05:35,679 Speaker 3: a lot of folks are going there to celebrate Halloween. 117 00:05:35,680 --> 00:05:36,480 Speaker 1: Okay, there's a boy. 118 00:05:36,720 --> 00:05:39,440 Speaker 5: I think this is Tim and your costume, right, Tim, that's. 119 00:05:39,200 --> 00:05:42,680 Speaker 1: Carol out all right. 120 00:05:43,520 --> 00:05:45,239 Speaker 4: Next time there's. 121 00:05:45,080 --> 00:05:48,440 Speaker 1: An undead cop who wanders the hall. The experience is 122 00:05:48,640 --> 00:05:51,680 Speaker 1: decidedly hair raising their killer clowns lurking in the vall. 123 00:05:51,760 --> 00:05:52,599 Speaker 3: That was a killer clown. 124 00:05:52,640 --> 00:05:55,120 Speaker 1: Yeah, oh that was the killer clown clown. I it 125 00:05:55,120 --> 00:05:57,280 Speaker 1: seems pretty cool. This is like very Bloomberg, right. It's 126 00:05:57,360 --> 00:06:00,640 Speaker 1: Halloween meets finance meets you know, a little bit of history. 127 00:06:00,760 --> 00:06:02,720 Speaker 4: Boy, Tim, do I have a story for you? 128 00:06:02,920 --> 00:06:03,520 Speaker 1: Yeah, I'm waiting. 129 00:06:03,760 --> 00:06:05,880 Speaker 6: The story that we are bringing to the table is 130 00:06:05,960 --> 00:06:09,520 Speaker 6: about Halloween, but also ai there Apparently there's a haunted 131 00:06:09,560 --> 00:06:11,560 Speaker 6: house owner, a real estate developer. 132 00:06:11,600 --> 00:06:12,839 Speaker 4: His name is Derek Strine. 133 00:06:12,839 --> 00:06:14,960 Speaker 6: He wants to turn the nearly one hundred and thirty 134 00:06:14,960 --> 00:06:18,799 Speaker 6: acre grounds of the former Penhurst Asylum into a world 135 00:06:18,800 --> 00:06:19,880 Speaker 6: class data center. 136 00:06:19,960 --> 00:06:22,200 Speaker 4: So, as I understand it, it is a haunted. 137 00:06:21,880 --> 00:06:26,040 Speaker 6: House currently, but look at that land, that's square footage. 138 00:06:26,360 --> 00:06:28,280 Speaker 4: Why not turn that into a data center. They're very 139 00:06:28,360 --> 00:06:29,320 Speaker 4: hot right now. 140 00:06:30,120 --> 00:06:33,480 Speaker 5: Just fascinating this story. One hundred and twenty people work 141 00:06:33,520 --> 00:06:36,080 Speaker 5: around the holidays. It's like a successful haunted house. Yeah, 142 00:06:36,160 --> 00:06:39,320 Speaker 5: yet not successful enough. It seems he's already spent I 143 00:06:39,320 --> 00:06:42,320 Speaker 5: think millions of dollars, Katie kind of lining it up 144 00:06:42,320 --> 00:06:44,400 Speaker 5: to get more electricity, make it into the data center 145 00:06:44,400 --> 00:06:47,480 Speaker 5: that he hopes it is, you know, I guess, make 146 00:06:47,520 --> 00:06:48,920 Speaker 5: it more useful year round. 147 00:06:49,040 --> 00:06:49,480 Speaker 4: I don't know. 148 00:06:49,600 --> 00:06:50,560 Speaker 5: Well, I feel sad. 149 00:06:50,640 --> 00:06:52,720 Speaker 4: It is a seasonal, seasonal business. 150 00:06:52,720 --> 00:06:54,680 Speaker 6: I suppose we'll have to check in with him this 151 00:06:54,760 --> 00:06:55,880 Speaker 6: time next Halloween. 152 00:06:55,920 --> 00:06:58,520 Speaker 3: Does anybody hear bubble bust? Well? 153 00:06:58,680 --> 00:07:00,760 Speaker 1: I mean, is there anything more emblematic of our times that? 154 00:07:00,960 --> 00:07:01,200 Speaker 6: Yeah? 155 00:07:01,560 --> 00:07:03,840 Speaker 1: Transitions such as this? Yeah, I don't know if they 156 00:07:03,839 --> 00:07:06,479 Speaker 1: can get I know he's trying to get the electricity 157 00:07:06,520 --> 00:07:08,599 Speaker 1: up and running. But if you can get the power, why. 158 00:07:08,440 --> 00:07:13,920 Speaker 2: Not The Stockmovers Report from Bloomberg Radio. Check back with 159 00:07:14,000 --> 00:07:16,560 Speaker 2: us throughout the day for the latest roundup of companies 160 00:07:16,640 --> 00:07:19,720 Speaker 2: making news on Wall Street and for the latest market 161 00:07:19,760 --> 00:07:24,200 Speaker 2: moving headlines. 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