1 00:00:02,520 --> 00:00:07,000 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 --> 00:00:21,319 Speaker 2: with Carol Masser, Tim Stenobeck, Romain Bostick, and Scarlet Fool. 5 00:00:23,000 --> 00:00:25,760 Speaker 3: All right, S and P five hundred on this final 6 00:00:25,800 --> 00:00:27,840 Speaker 3: trading day of September and final trading day of the 7 00:00:27,880 --> 00:00:31,040 Speaker 3: third quarter, you got three hundred and one names, Katie 8 00:00:31,120 --> 00:00:33,279 Speaker 3: to the upside, two hundred and one to the downside. 9 00:00:33,320 --> 00:00:35,480 Speaker 3: If I look Katie at the third quarter app Lovin, 10 00:00:35,520 --> 00:00:38,160 Speaker 3: you're best performer. And then you've got I think fact 11 00:00:38,159 --> 00:00:39,599 Speaker 3: set at the bottom of the pack. 12 00:00:39,800 --> 00:00:42,000 Speaker 4: Yeah, all right, there, there you have it. Let's take 13 00:00:42,040 --> 00:00:44,600 Speaker 4: a look at the circle of sectors right now. I 14 00:00:44,640 --> 00:00:47,480 Speaker 4: can see there's a lot of green here. Big tech 15 00:00:47,600 --> 00:00:51,200 Speaker 4: really doing a lot of heavy lifting. So too did healthcare. 16 00:00:51,360 --> 00:00:54,320 Speaker 4: On the day we know that Pfizer agreeing to lower 17 00:00:54,480 --> 00:00:56,760 Speaker 4: drug prices in exchange for some relief on tariffs. That 18 00:00:56,840 --> 00:00:59,920 Speaker 4: is boosting the entire sector. In terms of what isn't 19 00:01:00,120 --> 00:01:04,680 Speaker 4: doing so well right now, energy, consumer, discretionary, communication services, 20 00:01:04,720 --> 00:01:08,280 Speaker 4: some of your downward weights on the index, but overall 21 00:01:08,480 --> 00:01:09,279 Speaker 4: green on the screen. 22 00:01:09,440 --> 00:01:11,280 Speaker 3: All right, So Let's get to some of the individual 23 00:01:11,319 --> 00:01:14,280 Speaker 3: gainers if I may, and let's go to Core Weave guys, 24 00:01:14,319 --> 00:01:16,720 Speaker 3: because this one up sixteen and a half percent at 25 00:01:16,760 --> 00:01:18,760 Speaker 3: its highs today, finishing the day with a gain of 26 00:01:18,959 --> 00:01:21,679 Speaker 3: just shy of twelve percent. You know, one of the 27 00:01:21,720 --> 00:01:25,039 Speaker 3: neo clouds businesses that rent out access to leading AI chips. 28 00:01:25,040 --> 00:01:28,000 Speaker 3: While the stock rallying after the company signed a deal 29 00:01:28,040 --> 00:01:30,680 Speaker 3: to supply meta platforms with as much as fourteen point 30 00:01:30,760 --> 00:01:34,039 Speaker 3: two billion dollars worth of computing power. It runs through 31 00:01:34,040 --> 00:01:37,200 Speaker 3: December twenty thirty first, with an option to extend through 32 00:01:37,240 --> 00:01:40,280 Speaker 3: twenty thirty two. So talk about some visibility with additional 33 00:01:40,319 --> 00:01:43,319 Speaker 3: capacity and what's really key about this and we talked 34 00:01:43,360 --> 00:01:45,160 Speaker 3: to our Ed Ludlow about this is why you saw 35 00:01:45,200 --> 00:01:48,720 Speaker 3: really the stock rally is that it kind of diversifies 36 00:01:49,520 --> 00:01:53,520 Speaker 3: business away at Core Weave, away from Microsoft, so expands 37 00:01:53,800 --> 00:01:56,480 Speaker 3: who its top customers are. So this is why potentially 38 00:01:56,480 --> 00:01:59,400 Speaker 3: you saw this one rally, particularly in today's session. Again, 39 00:01:59,480 --> 00:02:01,720 Speaker 3: keep in mind at IPO this year, it's up about 40 00:02:01,720 --> 00:02:04,200 Speaker 3: two hundred and seventy three percent year to date. About 41 00:02:04,200 --> 00:02:06,160 Speaker 3: ten percent of the float is short, but definitely one 42 00:02:06,200 --> 00:02:09,320 Speaker 3: of the outperformers. Here so far in twenty twenty five. 43 00:02:09,560 --> 00:02:12,760 Speaker 3: All right, Pfizer got to talk about the pharmaceuticals hire today, 44 00:02:13,520 --> 00:02:15,400 Speaker 3: many of the names top in the S and P 45 00:02:15,520 --> 00:02:18,160 Speaker 3: five hundred. In fact, Pfizer is your number one gainer 46 00:02:18,520 --> 00:02:21,040 Speaker 3: in the S ANDP with that seven percent gain. We 47 00:02:21,080 --> 00:02:23,480 Speaker 3: did have President Trump speaking earlier at the White House 48 00:02:23,480 --> 00:02:27,400 Speaker 3: saying Pfizer's agreed to offer countless prescription medications at major 49 00:02:27,480 --> 00:02:29,560 Speaker 3: discounts in the US as a result of the Most 50 00:02:29,600 --> 00:02:32,880 Speaker 3: Favored Nation Drug Pricing Order. We did also see the 51 00:02:32,919 --> 00:02:36,040 Speaker 3: Peiser CEO at the White House. Pfizer will get a 52 00:02:36,080 --> 00:02:38,800 Speaker 3: three year grace period from President Trump's pharmata. So a 53 00:02:38,840 --> 00:02:43,040 Speaker 3: lot going on in implications for the pharmaceutical sector, including Pfizer. 54 00:02:43,120 --> 00:02:45,640 Speaker 3: And then just because I like French fries, I'm going 55 00:02:45,680 --> 00:02:48,480 Speaker 3: to do land weston. The stock up almost nine percent 56 00:02:48,520 --> 00:02:50,360 Speaker 3: at its highes today, finishing with a gain of more 57 00:02:50,400 --> 00:02:53,600 Speaker 3: than four percent here. This after the company reported to 58 00:02:54,240 --> 00:02:55,760 Speaker 3: just a earnings per share and net sales for the 59 00:02:55,800 --> 00:02:59,320 Speaker 3: first quarter that beat CONCESSUS estimates due to improved restaurant 60 00:02:59,360 --> 00:03:03,880 Speaker 3: foot traffic. Apparently, chicken fast food restaurants in particular saw 61 00:03:05,080 --> 00:03:05,840 Speaker 3: more visitors. 62 00:03:05,840 --> 00:03:08,480 Speaker 1: Excuse me, you're everywhere now, you know, the French was 63 00:03:08,760 --> 00:03:11,240 Speaker 1: no like these raising gains and all these chicken plates 64 00:03:11,320 --> 00:03:13,560 Speaker 1: like they were never anywhere, and now they're everywhere. I know, 65 00:03:13,800 --> 00:03:15,320 Speaker 1: I can't get rid of them with French fries. Do 66 00:03:15,400 --> 00:03:20,720 Speaker 1: you see Wendy's has new Tendy's. Oh Tendy's, Uh pick up? 67 00:03:20,800 --> 00:03:23,000 Speaker 5: Okay, I thought you guys were I didn't want to. 68 00:03:23,000 --> 00:03:23,720 Speaker 5: I didn't want to jump in. 69 00:03:23,800 --> 00:03:24,440 Speaker 2: I don't go down it. 70 00:03:24,880 --> 00:03:25,200 Speaker 1: Let's go. 71 00:03:25,360 --> 00:03:27,560 Speaker 5: Let's do decliners here. I want to talk about Spotify 72 00:03:27,600 --> 00:03:30,560 Speaker 5: shares falling four point two percent, this after the company 73 00:03:30,760 --> 00:03:33,880 Speaker 5: said that CEO Daniel Ek is transitioning his role to chairman, 74 00:03:34,000 --> 00:03:36,120 Speaker 5: leaving his leadership in hand in the hands of co 75 00:03:36,360 --> 00:03:40,640 Speaker 5: CEOs Gustav Soderstrom and Alex Nordstrom. Ek will continue to 76 00:03:40,640 --> 00:03:43,360 Speaker 5: provide support and guidance, and soda Strum and Nordstrum will 77 00:03:43,440 --> 00:03:45,920 Speaker 5: jointly take the reins of the company effective January first. 78 00:03:46,480 --> 00:03:48,920 Speaker 5: I mean it makes sense, but I was surprised. Twenty 79 00:03:49,000 --> 00:03:51,480 Speaker 5: years ago pretty much. Two thousand and six is when 80 00:03:51,520 --> 00:03:54,760 Speaker 5: he started Spotify, so he's only forty two years old, 81 00:03:54,880 --> 00:03:57,280 Speaker 5: but he's been at the helm of this for nineteen years. 82 00:03:57,440 --> 00:03:59,600 Speaker 5: He'll still be very involved in the company, he said, 83 00:03:59,600 --> 00:04:02,800 Speaker 5: I'll remain deeply involved in the big defining decisions about 84 00:04:02,800 --> 00:04:06,000 Speaker 5: our future. Still shareholder sending shares lower today four point 85 00:04:06,040 --> 00:04:10,080 Speaker 5: two percent. Also, shares of companies that do sports betting, 86 00:04:10,520 --> 00:04:13,960 Speaker 5: such as DraftKings falling today. DraftKings down eleven point six 87 00:04:14,080 --> 00:04:17,200 Speaker 5: percent after robin had posted September to date trading metrics 88 00:04:17,279 --> 00:04:20,279 Speaker 5: late yesterday that showed contracts traded for about one hundred 89 00:04:20,279 --> 00:04:23,880 Speaker 5: and eighty seven million. Robinhood has emerged as a competitive 90 00:04:23,920 --> 00:04:26,800 Speaker 5: sports betting platforms like DraftKings and FanDuel as betters are 91 00:04:26,800 --> 00:04:29,000 Speaker 5: allowed to trade contracts on the outcomes of sporting events 92 00:04:29,000 --> 00:04:32,679 Speaker 5: through Robinhood, so increase competition for those pure play sports 93 00:04:32,760 --> 00:04:37,960 Speaker 5: betting apps. And finally, some late breaking movers Zillo and 94 00:04:38,080 --> 00:04:40,320 Speaker 5: Rocket Companies. I want to focus on Rocket Companies. It's 95 00:04:40,360 --> 00:04:43,560 Speaker 5: the parent company of Redfin Rocket Companies falling today close 96 00:04:43,600 --> 00:04:46,320 Speaker 5: to four percent three point eight percent down. The FTC 97 00:04:46,400 --> 00:04:49,560 Speaker 5: sued to block a partnership between Zillo and Rocket Companies, 98 00:04:49,680 --> 00:04:52,160 Speaker 5: saying that it would reduce the number of websites offering 99 00:04:52,400 --> 00:04:55,560 Speaker 5: apartment listings and drive up advertising prices. This partnership was 100 00:04:55,560 --> 00:04:58,440 Speaker 5: announced back in February. It involved an upfront payment of 101 00:04:58,480 --> 00:05:00,360 Speaker 5: one hundred million dollars from Zillo to red Finn to 102 00:05:00,440 --> 00:05:03,880 Speaker 5: help Zillo enter into advertising agreements with property managers that 103 00:05:03,920 --> 00:05:08,240 Speaker 5: post listings on Redfin's sites. The FTC said the arrangement 104 00:05:08,240 --> 00:05:10,560 Speaker 5: combines two of the three largest internet listing service and 105 00:05:10,560 --> 00:05:14,160 Speaker 5: it's seeking a divestiture of Zillo's asset. Zillo fell, by 106 00:05:14,160 --> 00:05:16,279 Speaker 5: the way by four point three percent as well. 107 00:05:16,520 --> 00:05:18,240 Speaker 1: Yeah, absolutely, and I just want to point out to 108 00:05:18,279 --> 00:05:20,040 Speaker 1: an honorable mention, keep an eye on some of those 109 00:05:20,040 --> 00:05:22,760 Speaker 1: consumer finance stocks, a big drop in Capital One and 110 00:05:22,839 --> 00:05:25,039 Speaker 1: some of the other credit card companies. Meanwhile, in the 111 00:05:25,080 --> 00:05:27,800 Speaker 1: yield space, a relatively quiet end to the month, but 112 00:05:27,880 --> 00:05:30,440 Speaker 1: we should point out that overall he did see actually 113 00:05:30,520 --> 00:05:32,880 Speaker 1: a drop in yields over the course of the month, 114 00:05:32,880 --> 00:05:35,200 Speaker 1: and actually on a price basis here you actually had 115 00:05:35,240 --> 00:05:38,040 Speaker 1: some pretty decent returns when it comes to not only 116 00:05:38,040 --> 00:05:40,440 Speaker 1: the treasury market, but of course the corporate fixed income 117 00:05:40,480 --> 00:05:42,160 Speaker 1: space as well. 118 00:05:42,360 --> 00:05:46,400 Speaker 2: This Stock Movers report from Bloomberg Radio. 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