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Speaker 1: Bloomberg Audio Studios, podcasts, radio News.

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Speaker 2: This is the closing bell on this stock mover's report.

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Speaker 2: The company's making moves at the close of US trading

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Speaker 2: with Carol Masser, Tim Stenebeck, Romain Bostik, and Scarlet Foo.

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Speaker 3: All right, well, let's take a look at some gainers

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Speaker 3: in Video, shares finishing the day higher by four percent.

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Speaker 3: The companies said it received assurances from the Trump administration

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Speaker 3: that sales off its H twenty AI chip to China

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Speaker 3: would be approved. This is a dramatic reversal by the

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Speaker 3: White House, this move coming late yesterday, crossing on in

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Speaker 3: Video's blog. Late yesterday, US government officials told in Video

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Speaker 3: they would greenlight export licenses for that H twenty AI accelerator.

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Speaker 3: This according to the company late yesterday, shares moving higher

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Speaker 3: by about four percent. Today. We also saw a move

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Speaker 3: higher from AMD as well. Also, let's talk City Group.

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Speaker 3: Look at this, shares rising to the highest level going

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Speaker 3: all the way back to two thousand and eight, a

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Speaker 3: three point six percent higher on the day. Three point

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Speaker 3: seven percent higher on the day. The bank said it

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Speaker 3: would ramp up stock buybacks following a strong result in

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Speaker 3: regulatory stress tests. City Groups traders also rode the tariff

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Speaker 3: induced volatility in markets to their best second quarter in

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Speaker 3: five years. Revenue buoed by record trading volumes in the

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Speaker 3: quarter once again. City shares hired by three point seven

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Speaker 3: percent and MP Materials shares surge today. You guys might

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Speaker 3: remember we had the company's CEO, Jim Litinski, on our

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Speaker 3: air just late last week. Shares surging today by close

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Speaker 3: to twenty percent, the highest intra day level going back

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Speaker 3: to April fifth. Apple committed five hundred million dollars to

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Speaker 3: buying the company's American made Rare Earth magnets in a

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Speaker 3: multi year deal. Apple and MP Materials will establish Rare

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Speaker 3: Earth recycling line in Mountain Pass, California, and developing novel

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Speaker 3: magnet materials and processing technology to enhance magnet performers. It's

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Speaker 3: part of Apple's pledge to spend more than five hundred

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Speaker 3: billion dollars in the US US over the next four years.

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Speaker 3: Shares vent the Materials hired by twenty percent today.

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Speaker 4: All right, Let's get to some of the decliners. Wells

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Speaker 4: Fargo was among the worst performing S and P five

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Speaker 4: hundred companies today fell about five percent to finish the

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Speaker 4: day after a miss on second quarter net interest income.

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Speaker 4: It also lowered its full year guidance for NII after

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Speaker 4: another quarter of tepid growth. So interesting here to see

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Speaker 4: that divergence in the bank earnings right now.

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Speaker 5: All right, I just want to jump in because we

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Speaker 5: did get earnings from Omniicom. It's not just the big

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Speaker 5: banks that are reporting. This is the advertising agency. The

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Speaker 5: company reporting second quarter revenue that met analyst estimates four

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Speaker 5: point two billion dollars, just slightly above the consensu assessment

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Speaker 5: of just under four billion. A second quarter adjusted EPs

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Speaker 5: of two dollars and five cents that does be the

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Speaker 5: consensus assessment of a dollar ninety eight. The stock moving

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Speaker 5: slightly higher in the after I was traded by two percent.

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Speaker 4: All right, and back on those decliners. Blackrock, after hitting

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Speaker 4: a record high here on Monday, is now down five

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Speaker 4: percent and closed the day down about five percent, and

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Speaker 4: it was headed for its worst earnings stage in more

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Speaker 4: than a decade after revenue and performance fees missed estimates

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Speaker 4: in the latest earnings report. Blackrock, of course, is the

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Speaker 4: world's largest asset manager, and total assets actually did hit

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Speaker 4: a record twelve point five trillion dollars as the company

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Speaker 4: continues to grow into private markets, it grows its the

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Speaker 4: ETF business, particularly that crypto ETF lineup, really powering some

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Speaker 4: of BlackRock's growth here, and yet traders just wasn't enough

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Speaker 4: here to quell traders concerns about that revenue miss, that

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Speaker 4: stock falling, and then finally Numont dropping today following the

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Speaker 4: resignation of the company's chief financial officer. This is one

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Speaker 4: of the world's top gold producers, following about five point

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Speaker 4: seven percent to finish the day, and they announced yesterday

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Speaker 4: after the closed Carolyn Ovleman tender to resignation last week,

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Speaker 4: and the company didn't disclose a reasion for that departure.

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Speaker 1: All right, Let's say a quick look at yields. You

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Speaker 1: did see a lot of activity. They are a meaningful higher,

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Speaker 1: particularly on the longer end of the curve, something that's

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Speaker 1: been playing out now for the last few weeks. Your

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Speaker 1: thirty year yield now pinned at the five percent mark,

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Speaker 1: and you're also seeing the twenty year yield also camped

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Speaker 1: out there as well, further steepening along the curve with

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Speaker 1: your ten year yield excuse me, flirting with four and

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Speaker 1: a half percent, and your two year flirting with almost

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Speaker 1: four percent, and of course all of this tied, of

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Speaker 1: course to a repricing of expectations around the FED after

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Speaker 1: that big CPI report this morning that seemed to suggests,

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Speaker 1: at least for right now, no rate cuts at least

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Speaker 1: not to the largest extent that was priced into this

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Speaker 1: market are coming.

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