Speaker 1: Bloomberg Audio Studios, podcasts, radio News.
Speaker 2: This is the closing bell on this stock movers report
Speaker 2: the company's making moves at the close of US trading
Speaker 2: with Carol Masser, Tim Stenobeck, Romain Bostik, and Scarlet Foo.
Speaker 3: Hey, listen to the s and P five hundred for
Speaker 3: the month of October, folks up two point three percent,
Speaker 3: Nasdaq one hundred to gain at four point eight percent.
Speaker 3: And this on a day, David, where we are seeing
Speaker 3: kind of an even split in the S and P
Speaker 3: five hundred, two hundred and sixty names to the upside,
Speaker 3: two hundred and thirty nine to the downside.
Speaker 4: Yeah, you're right, toughly half and a half.
Speaker 5: You're looking at consumer dis squestioning up about four percent,
Speaker 5: energy about six tens of percent. You know, we talk
Speaker 5: so much about tech and information technology. I'm struck here
Speaker 5: just looking at the IMAP function here on the terminal.
Speaker 5: Information technology down actually about three tens of percent.
Speaker 3: All right, So let's go to kind of a mixture
Speaker 3: of red and green there. So let's go to some
Speaker 3: of the individual games. I had to talk about. Amazon,
Speaker 3: your top gainer are among your top gainers in the
Speaker 3: major indices today finishing the day off its best levels,
Speaker 3: but still again of about nine point six percent. Just quickly,
Speaker 3: you know who they are, e Commerce, cloud Computing, one
Speaker 3: of the largest market cap companies out there. They did
Speaker 3: report third quarter results i'd beat expectations with its Amazon
Speaker 3: Web Services business especially strong, and it also gave a
Speaker 3: positive forecast. Lots and lots of Wall Street analysts raising
Speaker 3: their price targets on the stock. I do think this
Speaker 3: is also maybe a record close on this dame. We
Speaker 3: certainly did see a record interday and it looks like
Speaker 3: a record close also for Amazon on this Friday. Over
Speaker 3: to Netflix we go that stuck up about two point
Speaker 3: seven percent today's session, rallying. It announced a ten for
Speaker 3: one stock split that was after the close yesterday. Also,
Speaker 3: Netflix said to be actively exploring a bit for Warner
Speaker 3: Brothers studio and streaming businesses. This came out from Reuter,
Speaker 3: citing people with knowledge of the matter. Remember, though Bloomberg
Speaker 3: News also has reported earlier that Netflix and both comcasts
Speaker 3: are way bids for parts of the company, so company
Speaker 3: at play. But Netflix was hired two point seven percent
Speaker 3: and Warner Brothers as that target up another three point
Speaker 3: eight percent in today's session, and then I just wanted
Speaker 3: to throw First Solar. That's your number one gainer in
Speaker 3: the s and P five hundred on this Friday, a
Speaker 3: gain of about fourteen percent. Third quarter earnings per year
Speaker 3: beat estimates. Alice viewing the company's full year narrowed guidance
Speaker 3: as better than feared given the regulatory backdrop. We know
Speaker 3: the pushback that we've seen from the administration on solar
Speaker 3: and other alt energy. Several analysts also raising its price
Speaker 3: target tim on the stock on this Friday.
Speaker 1: Well, First Solar maybe the best performer in the s
Speaker 1: and P five hundred today. The worst performer that goes
Speaker 1: to dex Calm down fourteen point six percent. This after
Speaker 1: the company cut its adjusted gross margin forecasts for the
Speaker 1: full year. There were some analysts, though, who came out
Speaker 1: and said that twenty twenty six growth outlook I was
Speaker 1: a little cautious. They view it as conservative in several
Speaker 1: firms saying they're going to use the weakness as a
Speaker 1: buying opportunity, and I think many would argue there was
Speaker 1: quite a bit of weakness today. Speaking of weakness, the
Speaker 1: worst day ever for new old brands down twenty eight
Speaker 1: percent today. This is the parent company of Grayco, Rubber Maid, Yankee, Candle,
Speaker 1: Elmer's Glue, Sharpie, and more. The company cut its normalized
Speaker 1: earnings per share forecast for the full year, reported third
Speaker 1: quarter results that were below consensus. It's now trading at
Speaker 1: levels last seen in two thousand and nine. The companies
Speaker 1: said it raised prices in response to tariffs, but competitors
Speaker 1: they did not do the same and that hurt its
Speaker 1: position in the market. And finally, more superlatives for luminar
Speaker 1: technology ticker laser LAZR the worst day ever for the company.
Speaker 1: Shares fell by more than forty five percent. It's now
Speaker 1: trading at its lowest level ever. It's a record low
Speaker 1: for the company. The automotive tech company makes light our
Speaker 1: sensors and more raised a going concern warning. It says
Speaker 1: it received a subpoena from the SEC for documents in
Speaker 1: connection with an investigation it's conducting to determine if there
Speaker 1: has been a violation of federal securities laws. The company
Speaker 1: is exploring strategic alternatives, including a sale. Once again, shares
Speaker 1: down more than forty five percent.
Speaker 6: Yeah, total wipeout in Laser. Let's get to the good
Speaker 6: stuff and go to the bond market. We've been talking
Speaker 6: about AI. Of course, we had those magnificent seven earnings,
Speaker 6: but you remember we had a FED decision this week.
Speaker 6: We had a FED meeting in which the FED chair
Speaker 6: said that a December hike is or a rate cut
Speaker 6: rather in December. It's no sure thing, and that really
Speaker 6: has had an interesting impact on the bond market today.
Speaker 6: Though pretty quiet the ten year treasure old. I'm going
Speaker 6: to go ahead and call that unchanged. We're still well
Speaker 6: above four percent. We did briefly get below that earlier
Speaker 6: in the past week or so, but overall pretty quiet
Speaker 6: when it comes to the bond market.
Speaker 4: Carol, all right, let's get to well.
Speaker 3: First of all, I just gonna say, David Gerr, are
Speaker 3: you trying to cast some problems? You want him to
Speaker 3: do the gainers?
Speaker 2: Yeah?
Speaker 5: I thought maybe mix it up a little bit next
Speaker 5: time if I'm invited back.
Speaker 1: I got to say, how come you never did that?
Speaker 1: People said, how came you never get to do the gainers?
Speaker 1: And I say, I do them when Carol's got home.
Speaker 6: Well, David girl causing a ruckus in this chat, also
Speaker 6: calling out Tim Stenovich for submitting his decliner's lates.
Speaker 1: That's thing David.
Speaker 3: I kind of just squeezing cousin problems, causing problems. All right,
Speaker 3: let's get to some stories that are on our radar.
Speaker 3: A lot of it has to do with Halloween. It
Speaker 3: is Halloween, Happy Halloween, everybody. This one caught Tim and
Speaker 3: my attention comes from our Business Week daily newsletter. And
Speaker 3: it has to do with an old bank that's downtown.
Speaker 3: It's been vacant. It played a pretty big role in
Speaker 3: the nineteen twenties in terms of the excesses and then carelessness.
Speaker 3: It's a National City Bank of New York, and now
Speaker 3: a lot of folks are going there to celebrate Halloween.
Speaker 1: Okay, there's a boy.
Speaker 5: I think this is Tim and your costume, right, Tim, that's.
Speaker 1: Carol out all right.
Speaker 4: Next time there's.
Speaker 1: An undead cop who wanders the hall. The experience is
Speaker 1: decidedly hair raising their killer clowns lurking in the vall.
Speaker 3: That was a killer clown.
Speaker 1: Yeah, oh that was the killer clown clown. I it
Speaker 1: seems pretty cool. This is like very Bloomberg, right. It's
Speaker 1: Halloween meets finance meets you know, a little bit of history.
Speaker 4: Boy, Tim, do I have a story for you?
Speaker 1: Yeah, I'm waiting.
Speaker 6: The story that we are bringing to the table is
Speaker 6: about Halloween, but also ai there Apparently there's a haunted
Speaker 6: house owner, a real estate developer.
Speaker 4: His name is Derek Strine.
Speaker 6: He wants to turn the nearly one hundred and thirty
Speaker 6: acre grounds of the former Penhurst Asylum into a world
Speaker 6: class data center.
Speaker 4: So, as I understand it, it is a haunted.
Speaker 6: House currently, but look at that land, that's square footage.
Speaker 4: Why not turn that into a data center. They're very
Speaker 4: hot right now.
Speaker 5: Just fascinating this story. One hundred and twenty people work
Speaker 5: around the holidays. It's like a successful haunted house. Yeah,
Speaker 5: yet not successful enough. It seems he's already spent I
Speaker 5: think millions of dollars, Katie kind of lining it up
Speaker 5: to get more electricity, make it into the data center
Speaker 5: that he hopes it is, you know, I guess, make
Speaker 5: it more useful year round.
Speaker 4: I don't know.
Speaker 5: Well, I feel sad.
Speaker 4: It is a seasonal, seasonal business.
Speaker 6: I suppose we'll have to check in with him this
Speaker 6: time next Halloween.
Speaker 3: Does anybody hear bubble bust? Well?
Speaker 1: I mean, is there anything more emblematic of our times that?
Speaker 6: Yeah?
Speaker 1: Transitions such as this? Yeah, I don't know if they
Speaker 1: can get I know he's trying to get the electricity
Speaker 1: up and running. But if you can get the power, why.
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