WEBVTT - Closing Bell: Netflix, Amazon Rise, Dexcom Sinks | Stock Movers 

0:00:02.520 --> 0:00:07.040
<v Speaker 1>Bloomberg Audio Studios, podcasts, radio News.

0:00:09.880 --> 0:00:13.320
<v Speaker 2>This is the closing bell on this stock movers report

0:00:13.560 --> 0:00:16.520
<v Speaker 2>the company's making moves at the close of US trading

0:00:16.760 --> 0:00:21.279
<v Speaker 2>with Carol Masser, Tim Stenobeck, Romain Bostik, and Scarlet Foo.

0:00:22.079 --> 0:00:23.640
<v Speaker 3>Hey, listen to the s and P five hundred for

0:00:23.680 --> 0:00:26.160
<v Speaker 3>the month of October, folks up two point three percent,

0:00:26.239 --> 0:00:28.560
<v Speaker 3>Nasdaq one hundred to gain at four point eight percent.

0:00:28.920 --> 0:00:31.880
<v Speaker 3>And this on a day, David, where we are seeing

0:00:32.000 --> 0:00:33.280
<v Speaker 3>kind of an even split in the S and P

0:00:33.360 --> 0:00:35.440
<v Speaker 3>five hundred, two hundred and sixty names to the upside,

0:00:35.600 --> 0:00:37.120
<v Speaker 3>two hundred and thirty nine to the downside.

0:00:37.159 --> 0:00:38.279
<v Speaker 4>Yeah, you're right, toughly half and a half.

0:00:38.320 --> 0:00:40.479
<v Speaker 5>You're looking at consumer dis squestioning up about four percent,

0:00:40.600 --> 0:00:43.000
<v Speaker 5>energy about six tens of percent. You know, we talk

0:00:43.080 --> 0:00:46.160
<v Speaker 5>so much about tech and information technology. I'm struck here

0:00:46.159 --> 0:00:48.040
<v Speaker 5>just looking at the IMAP function here on the terminal.

0:00:48.400 --> 0:00:51.200
<v Speaker 5>Information technology down actually about three tens of percent.

0:00:51.240 --> 0:00:53.400
<v Speaker 3>All right, So let's go to kind of a mixture

0:00:53.440 --> 0:00:54.960
<v Speaker 3>of red and green there. So let's go to some

0:00:55.000 --> 0:00:57.360
<v Speaker 3>of the individual games. I had to talk about. Amazon,

0:00:58.080 --> 0:01:00.840
<v Speaker 3>your top gainer are among your top gainers in the

0:01:00.880 --> 0:01:04.360
<v Speaker 3>major indices today finishing the day off its best levels,

0:01:04.360 --> 0:01:07.840
<v Speaker 3>but still again of about nine point six percent. Just quickly,

0:01:08.080 --> 0:01:11.200
<v Speaker 3>you know who they are, e Commerce, cloud Computing, one

0:01:11.200 --> 0:01:13.480
<v Speaker 3>of the largest market cap companies out there. They did

0:01:13.560 --> 0:01:17.280
<v Speaker 3>report third quarter results i'd beat expectations with its Amazon

0:01:17.319 --> 0:01:20.480
<v Speaker 3>Web Services business especially strong, and it also gave a

0:01:20.480 --> 0:01:24.400
<v Speaker 3>positive forecast. Lots and lots of Wall Street analysts raising

0:01:24.440 --> 0:01:26.679
<v Speaker 3>their price targets on the stock. I do think this

0:01:26.760 --> 0:01:30.039
<v Speaker 3>is also maybe a record close on this dame. We

0:01:30.080 --> 0:01:32.200
<v Speaker 3>certainly did see a record interday and it looks like

0:01:32.400 --> 0:01:36.080
<v Speaker 3>a record close also for Amazon on this Friday. Over

0:01:36.080 --> 0:01:39.040
<v Speaker 3>to Netflix we go that stuck up about two point

0:01:39.120 --> 0:01:42.520
<v Speaker 3>seven percent today's session, rallying. It announced a ten for

0:01:42.600 --> 0:01:45.639
<v Speaker 3>one stock split that was after the close yesterday. Also,

0:01:45.760 --> 0:01:48.680
<v Speaker 3>Netflix said to be actively exploring a bit for Warner

0:01:48.680 --> 0:01:52.279
<v Speaker 3>Brothers studio and streaming businesses. This came out from Reuter,

0:01:52.440 --> 0:01:55.360
<v Speaker 3>citing people with knowledge of the matter. Remember, though Bloomberg

0:01:55.400 --> 0:01:59.280
<v Speaker 3>News also has reported earlier that Netflix and both comcasts

0:01:59.320 --> 0:02:03.760
<v Speaker 3>are way bids for parts of the company, so company

0:02:03.840 --> 0:02:06.160
<v Speaker 3>at play. But Netflix was hired two point seven percent

0:02:06.160 --> 0:02:08.760
<v Speaker 3>and Warner Brothers as that target up another three point

0:02:08.800 --> 0:02:11.280
<v Speaker 3>eight percent in today's session, and then I just wanted

0:02:11.320 --> 0:02:13.560
<v Speaker 3>to throw First Solar. That's your number one gainer in

0:02:13.600 --> 0:02:16.080
<v Speaker 3>the s and P five hundred on this Friday, a

0:02:16.080 --> 0:02:18.799
<v Speaker 3>gain of about fourteen percent. Third quarter earnings per year

0:02:18.880 --> 0:02:22.440
<v Speaker 3>beat estimates. Alice viewing the company's full year narrowed guidance

0:02:22.480 --> 0:02:25.919
<v Speaker 3>as better than feared given the regulatory backdrop. We know

0:02:26.040 --> 0:02:29.200
<v Speaker 3>the pushback that we've seen from the administration on solar

0:02:29.200 --> 0:02:32.320
<v Speaker 3>and other alt energy. Several analysts also raising its price

0:02:32.360 --> 0:02:34.440
<v Speaker 3>target tim on the stock on this Friday.

0:02:34.520 --> 0:02:36.640
<v Speaker 1>Well, First Solar maybe the best performer in the s

0:02:36.680 --> 0:02:39.360
<v Speaker 1>and P five hundred today. The worst performer that goes

0:02:39.400 --> 0:02:43.880
<v Speaker 1>to dex Calm down fourteen point six percent. This after

0:02:43.919 --> 0:02:46.320
<v Speaker 1>the company cut its adjusted gross margin forecasts for the

0:02:46.360 --> 0:02:48.079
<v Speaker 1>full year. There were some analysts, though, who came out

0:02:48.120 --> 0:02:51.040
<v Speaker 1>and said that twenty twenty six growth outlook I was

0:02:51.080 --> 0:02:53.600
<v Speaker 1>a little cautious. They view it as conservative in several

0:02:53.639 --> 0:02:55.560
<v Speaker 1>firms saying they're going to use the weakness as a

0:02:55.600 --> 0:02:58.200
<v Speaker 1>buying opportunity, and I think many would argue there was

0:02:58.400 --> 0:03:01.240
<v Speaker 1>quite a bit of weakness today. Speaking of weakness, the

0:03:01.280 --> 0:03:04.840
<v Speaker 1>worst day ever for new old brands down twenty eight

0:03:05.040 --> 0:03:09.560
<v Speaker 1>percent today. This is the parent company of Grayco, Rubber Maid, Yankee, Candle,

0:03:09.720 --> 0:03:14.000
<v Speaker 1>Elmer's Glue, Sharpie, and more. The company cut its normalized

0:03:14.040 --> 0:03:16.280
<v Speaker 1>earnings per share forecast for the full year, reported third

0:03:16.360 --> 0:03:19.320
<v Speaker 1>quarter results that were below consensus. It's now trading at

0:03:19.400 --> 0:03:23.079
<v Speaker 1>levels last seen in two thousand and nine. The companies

0:03:23.080 --> 0:03:25.360
<v Speaker 1>said it raised prices in response to tariffs, but competitors

0:03:25.440 --> 0:03:27.799
<v Speaker 1>they did not do the same and that hurt its

0:03:27.800 --> 0:03:32.960
<v Speaker 1>position in the market. And finally, more superlatives for luminar

0:03:33.000 --> 0:03:37.440
<v Speaker 1>technology ticker laser LAZR the worst day ever for the company.

0:03:37.680 --> 0:03:40.960
<v Speaker 1>Shares fell by more than forty five percent. It's now

0:03:41.000 --> 0:03:43.120
<v Speaker 1>trading at its lowest level ever. It's a record low

0:03:43.200 --> 0:03:46.080
<v Speaker 1>for the company. The automotive tech company makes light our

0:03:46.160 --> 0:03:49.000
<v Speaker 1>sensors and more raised a going concern warning. It says

0:03:49.040 --> 0:03:51.600
<v Speaker 1>it received a subpoena from the SEC for documents in

0:03:51.640 --> 0:03:55.080
<v Speaker 1>connection with an investigation it's conducting to determine if there

0:03:55.120 --> 0:03:57.360
<v Speaker 1>has been a violation of federal securities laws. The company

0:03:57.400 --> 0:04:00.680
<v Speaker 1>is exploring strategic alternatives, including a sale. Once again, shares

0:04:00.720 --> 0:04:02.400
<v Speaker 1>down more than forty five percent.

0:04:02.480 --> 0:04:04.800
<v Speaker 6>Yeah, total wipeout in Laser. Let's get to the good

0:04:04.800 --> 0:04:07.160
<v Speaker 6>stuff and go to the bond market. We've been talking

0:04:07.200 --> 0:04:10.400
<v Speaker 6>about AI. Of course, we had those magnificent seven earnings,

0:04:10.400 --> 0:04:12.920
<v Speaker 6>but you remember we had a FED decision this week.

0:04:12.960 --> 0:04:14.800
<v Speaker 6>We had a FED meeting in which the FED chair

0:04:14.880 --> 0:04:17.880
<v Speaker 6>said that a December hike is or a rate cut

0:04:17.960 --> 0:04:20.640
<v Speaker 6>rather in December. It's no sure thing, and that really

0:04:20.720 --> 0:04:23.719
<v Speaker 6>has had an interesting impact on the bond market today.

0:04:23.720 --> 0:04:26.120
<v Speaker 6>Though pretty quiet the ten year treasure old. I'm going

0:04:26.160 --> 0:04:28.839
<v Speaker 6>to go ahead and call that unchanged. We're still well

0:04:28.880 --> 0:04:31.960
<v Speaker 6>above four percent. We did briefly get below that earlier

0:04:32.400 --> 0:04:35.320
<v Speaker 6>in the past week or so, but overall pretty quiet

0:04:35.440 --> 0:04:36.560
<v Speaker 6>when it comes to the bond market.

0:04:36.560 --> 0:04:39.200
<v Speaker 4>Carol, all right, let's get to well.

0:04:39.200 --> 0:04:40.760
<v Speaker 3>First of all, I just gonna say, David Gerr, are

0:04:40.760 --> 0:04:42.800
<v Speaker 3>you trying to cast some problems? You want him to

0:04:42.800 --> 0:04:43.360
<v Speaker 3>do the gainers?

0:04:43.400 --> 0:04:43.599
<v Speaker 2>Yeah?

0:04:43.600 --> 0:04:45.360
<v Speaker 5>I thought maybe mix it up a little bit next

0:04:45.360 --> 0:04:46.920
<v Speaker 5>time if I'm invited back.

0:04:47.120 --> 0:04:49.040
<v Speaker 1>I got to say, how come you never did that?

0:04:49.320 --> 0:04:51.240
<v Speaker 1>People said, how came you never get to do the gainers?

0:04:51.240 --> 0:04:52.960
<v Speaker 1>And I say, I do them when Carol's got home.

0:04:53.040 --> 0:04:56.080
<v Speaker 6>Well, David girl causing a ruckus in this chat, also

0:04:56.120 --> 0:04:58.840
<v Speaker 6>calling out Tim Stenovich for submitting his decliner's lates.

0:04:59.279 --> 0:05:00.640
<v Speaker 1>That's thing David.

0:05:00.640 --> 0:05:06.320
<v Speaker 3>I kind of just squeezing cousin problems, causing problems. All right,

0:05:06.360 --> 0:05:08.960
<v Speaker 3>let's get to some stories that are on our radar.

0:05:08.960 --> 0:05:10.760
<v Speaker 3>A lot of it has to do with Halloween. It

0:05:10.839 --> 0:05:13.960
<v Speaker 3>is Halloween, Happy Halloween, everybody. This one caught Tim and

0:05:14.040 --> 0:05:17.839
<v Speaker 3>my attention comes from our Business Week daily newsletter. And

0:05:17.920 --> 0:05:20.159
<v Speaker 3>it has to do with an old bank that's downtown.

0:05:20.360 --> 0:05:23.320
<v Speaker 3>It's been vacant. It played a pretty big role in

0:05:23.360 --> 0:05:28.560
<v Speaker 3>the nineteen twenties in terms of the excesses and then carelessness.

0:05:30.200 --> 0:05:32.680
<v Speaker 3>It's a National City Bank of New York, and now

0:05:33.160 --> 0:05:35.679
<v Speaker 3>a lot of folks are going there to celebrate Halloween.

0:05:35.680 --> 0:05:36.480
<v Speaker 1>Okay, there's a boy.

0:05:36.720 --> 0:05:39.440
<v Speaker 5>I think this is Tim and your costume, right, Tim, that's.

0:05:39.200 --> 0:05:42.680
<v Speaker 1>Carol out all right.

0:05:43.520 --> 0:05:45.239
<v Speaker 4>Next time there's.

0:05:45.080 --> 0:05:48.440
<v Speaker 1>An undead cop who wanders the hall. The experience is

0:05:48.640 --> 0:05:51.680
<v Speaker 1>decidedly hair raising their killer clowns lurking in the vall.

0:05:51.760 --> 0:05:52.599
<v Speaker 3>That was a killer clown.

0:05:52.640 --> 0:05:55.120
<v Speaker 1>Yeah, oh that was the killer clown clown. I it

0:05:55.120 --> 0:05:57.280
<v Speaker 1>seems pretty cool. This is like very Bloomberg, right. It's

0:05:57.360 --> 0:06:00.640
<v Speaker 1>Halloween meets finance meets you know, a little bit of history.

0:06:00.760 --> 0:06:02.720
<v Speaker 4>Boy, Tim, do I have a story for you?

0:06:02.920 --> 0:06:03.520
<v Speaker 1>Yeah, I'm waiting.

0:06:03.760 --> 0:06:05.880
<v Speaker 6>The story that we are bringing to the table is

0:06:05.960 --> 0:06:09.520
<v Speaker 6>about Halloween, but also ai there Apparently there's a haunted

0:06:09.560 --> 0:06:11.560
<v Speaker 6>house owner, a real estate developer.

0:06:11.600 --> 0:06:12.839
<v Speaker 4>His name is Derek Strine.

0:06:12.839 --> 0:06:14.960
<v Speaker 6>He wants to turn the nearly one hundred and thirty

0:06:14.960 --> 0:06:18.799
<v Speaker 6>acre grounds of the former Penhurst Asylum into a world

0:06:18.800 --> 0:06:19.880
<v Speaker 6>class data center.

0:06:19.960 --> 0:06:22.200
<v Speaker 4>So, as I understand it, it is a haunted.

0:06:21.880 --> 0:06:26.040
<v Speaker 6>House currently, but look at that land, that's square footage.

0:06:26.360 --> 0:06:28.280
<v Speaker 4>Why not turn that into a data center. They're very

0:06:28.360 --> 0:06:29.320
<v Speaker 4>hot right now.

0:06:30.120 --> 0:06:33.480
<v Speaker 5>Just fascinating this story. One hundred and twenty people work

0:06:33.520 --> 0:06:36.080
<v Speaker 5>around the holidays. It's like a successful haunted house. Yeah,

0:06:36.160 --> 0:06:39.320
<v Speaker 5>yet not successful enough. It seems he's already spent I

0:06:39.320 --> 0:06:42.320
<v Speaker 5>think millions of dollars, Katie kind of lining it up

0:06:42.320 --> 0:06:44.400
<v Speaker 5>to get more electricity, make it into the data center

0:06:44.400 --> 0:06:47.480
<v Speaker 5>that he hopes it is, you know, I guess, make

0:06:47.520 --> 0:06:48.920
<v Speaker 5>it more useful year round.

0:06:49.040 --> 0:06:49.480
<v Speaker 4>I don't know.

0:06:49.600 --> 0:06:50.560
<v Speaker 5>Well, I feel sad.

0:06:50.640 --> 0:06:52.720
<v Speaker 4>It is a seasonal, seasonal business.

0:06:52.720 --> 0:06:54.680
<v Speaker 6>I suppose we'll have to check in with him this

0:06:54.760 --> 0:06:55.880
<v Speaker 6>time next Halloween.

0:06:55.920 --> 0:06:58.520
<v Speaker 3>Does anybody hear bubble bust? Well?

0:06:58.680 --> 0:07:00.760
<v Speaker 1>I mean, is there anything more emblematic of our times that?

0:07:00.960 --> 0:07:01.200
<v Speaker 6>Yeah?

0:07:01.560 --> 0:07:03.840
<v Speaker 1>Transitions such as this? Yeah, I don't know if they

0:07:03.839 --> 0:07:06.479
<v Speaker 1>can get I know he's trying to get the electricity

0:07:06.520 --> 0:07:08.599
<v Speaker 1>up and running. But if you can get the power, why.

0:07:08.440 --> 0:07:13.920
<v Speaker 2>Not The Stockmovers Report from Bloomberg Radio. Check back with

0:07:14.000 --> 0:07:16.560
<v Speaker 2>us throughout the day for the latest roundup of companies

0:07:16.640 --> 0:07:19.720
<v Speaker 2>making news on Wall Street and for the latest market

0:07:19.760 --> 0:07:24.200
<v Speaker 2>moving headlines. Listen to Bloomberg Radio Live, catch us on YouTube,

0:07:24.320 --> 0:07:27.800
<v Speaker 2>Bloomberg dot com, and on Applecarplay and Android Auto with

0:07:27.880 --> 0:07:29.360
<v Speaker 2>the Bloomberg Business App.