1 00:00:02,520 --> 00:00:06,479 Speaker 1: Bloomberg Audio Studios, podcasts, radio. 2 00:00:06,640 --> 00:00:12,080 Speaker 2: News, The Stock Movers Report, your roundup of companies making 3 00:00:12,119 --> 00:00:16,280 Speaker 2: moves in the stock market, harnessing the power of Bloomberg Data. 4 00:00:16,440 --> 00:00:19,400 Speaker 1: I'm Carol Masser along with Tim Stanovic, and it is 5 00:00:19,440 --> 00:00:21,480 Speaker 1: time for some of the stocks on the move and 6 00:00:21,600 --> 00:00:23,560 Speaker 1: joining us right now is Bloomberg new Sequties Reporter and 7 00:00:23,600 --> 00:00:26,680 Speaker 1: Deputy team leader for US secrtis Carmen Rhinikey. And we 8 00:00:26,760 --> 00:00:27,960 Speaker 1: got to start with Robinhood. 9 00:00:28,920 --> 00:00:31,680 Speaker 3: Yeah, so shares of Robinhood and app Love, and I'm 10 00:00:31,720 --> 00:00:34,120 Speaker 3: going to include them both together. So this is tickers 11 00:00:34,400 --> 00:00:38,120 Speaker 3: Hood for Robinhood and app for app Love, and shares 12 00:00:38,440 --> 00:00:43,040 Speaker 3: both in both stocks jumped and hit record highs at 13 00:00:43,080 --> 00:00:46,320 Speaker 3: today's close. On optimism that both of these companies are 14 00:00:46,680 --> 00:00:49,240 Speaker 3: going to join the s and P five hundred index. 15 00:00:49,640 --> 00:00:51,879 Speaker 3: They'll be added at the open of trading on Monday, 16 00:00:51,920 --> 00:00:55,560 Speaker 3: September twenty second. Both of these companies have been in 17 00:00:55,680 --> 00:00:57,880 Speaker 3: sort of like speculation that they would be added to 18 00:00:57,920 --> 00:01:00,760 Speaker 3: the SMP five hundred for a while now, so definitely 19 00:01:00,760 --> 00:01:04,120 Speaker 3: a lot of optimism around them finally being added and 20 00:01:04,280 --> 00:01:07,160 Speaker 3: what that means for, you know, investors sort of buying 21 00:01:07,160 --> 00:01:08,600 Speaker 3: into these companies. 22 00:01:10,520 --> 00:01:13,520 Speaker 1: So Hood Robin Hood tickers Hood of course at almost 23 00:01:13,600 --> 00:01:17,000 Speaker 1: sixteen percent today's session. A big deal to be added 24 00:01:17,000 --> 00:01:19,280 Speaker 1: to an index. Now, listen, it means, I mean, I 25 00:01:19,280 --> 00:01:22,080 Speaker 1: think about this, how much of the world, Right, investors 26 00:01:22,120 --> 00:01:24,360 Speaker 1: have been buying the you know, the index for such 27 00:01:24,360 --> 00:01:26,840 Speaker 1: a long time. It means all of those index fund 28 00:01:26,840 --> 00:01:30,080 Speaker 1: managers have to buy into these names as well, right, 29 00:01:30,160 --> 00:01:33,600 Speaker 1: and keep the allocation app lovin. As we heard, up 30 00:01:33,640 --> 00:01:36,800 Speaker 1: almost twelve percent today's session. So some big app performance. 31 00:01:36,319 --> 00:01:39,920 Speaker 2: There, Carmen, you've got a legacy company compared to these 32 00:01:39,959 --> 00:01:42,200 Speaker 2: other two that you're also keeping an eye on CBS. 33 00:01:42,240 --> 00:01:43,280 Speaker 1: What's going on with CBS. 34 00:01:43,360 --> 00:01:47,119 Speaker 3: Yeah, So shares of CBS tickers CBS for down four 35 00:01:47,160 --> 00:01:49,480 Speaker 3: point eight percent today. This is the worst day since 36 00:01:49,680 --> 00:01:54,880 Speaker 3: July twenty fourth. After the company so in a private 37 00:01:54,960 --> 00:02:01,240 Speaker 3: meeting with investors, executives didn't provide details about coming quality 38 00:02:01,320 --> 00:02:04,000 Speaker 3: ratings from the US government. They also didn't give up 39 00:02:04,160 --> 00:02:07,520 Speaker 3: financial guidance. They specifically said, you know that they don't 40 00:02:07,560 --> 00:02:10,600 Speaker 3: do that in between earnings reports. But it sounds like 41 00:02:10,639 --> 00:02:12,920 Speaker 3: the investors are looking for a little bit more optimism. 42 00:02:12,960 --> 00:02:23,000 Speaker 3: This is from a Bloomberg report. Someone in the room. 43 00:02:19,520 --> 00:02:22,160 Speaker 1: All right, so take our CVS and we saw that 44 00:02:22,280 --> 00:02:26,519 Speaker 1: stock down almost five percent in today's session, so definitely 45 00:02:26,600 --> 00:02:29,160 Speaker 1: taking a hit, and certainly one of the underperformer stock 46 00:02:29,200 --> 00:02:31,639 Speaker 1: is up though tim CBS Health is up about fifty 47 00:02:31,639 --> 00:02:33,760 Speaker 1: six percent year today, so it's been a plased today. 48 00:02:33,919 --> 00:02:38,240 Speaker 2: Don't look at last year's the Stock Mover's Report from 49 00:02:38,320 --> 00:02:41,400 Speaker 2: Bloomberg Radio. 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