WEBVTT - CME Group Dips After Outage; Tilray Tumbles; Oracle Declines 

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<v Speaker 1>Bloomberg Audio Studios, podcasts, radio news, The Stock Mover's Report,

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<v Speaker 1>your roundup of companies making moves in the stock market.

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<v Speaker 1>Harnessing the power of Bloomberg Data. Let's take a look

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<v Speaker 1>at some stocks on the move today. I'm Tim Keen

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<v Speaker 1>with Paul Sweeney and Bloomberg's Lisa Matteo. Is there anything

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<v Speaker 1>moving today for your podcast?

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<v Speaker 2>Yes, of course it is Sammy grow Yes, speakers Sea

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<v Speaker 2>me gotta go there. Their shows have been down nearly

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<v Speaker 2>one percent. Yes, we all know. A trading of future's

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<v Speaker 2>options on the Chicago mercantilea change halted by this data

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<v Speaker 2>center fault. The outage hours of disruption markets across equities,

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<v Speaker 2>foreign exchange, bonds, commodities. The culprit was this cooling system

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<v Speaker 2>problems at this data center in Chicago, near the Chicago

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<v Speaker 2>area engineering teams. They restarted several chillers, they used temporary

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<v Speaker 2>cooling equipment. They did what they can and things are

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<v Speaker 2>back up and running. But it's actually not the first

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<v Speaker 2>time this has happened. No, there was an outage that

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<v Speaker 2>was almost it was similar, but this one was longer,

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<v Speaker 2>and the last one was back in twenty nineteen, but

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<v Speaker 2>it halted trading US treasury futures. You had European and

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<v Speaker 2>UK bond markets that's trade on a different exchange. They

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<v Speaker 2>weren't affected, but it just wasn't the news that the

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<v Speaker 2>markets needed because November has really been this volatile month

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<v Speaker 2>for equities. We're also keeping eye on two because of that,

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<v Speaker 2>and my SE New York Stock Exchange owner Intercontinental Exchange,

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<v Speaker 2>which is taker IC. Their shares were up nearly one percent.

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<v Speaker 2>NASAK ticker NDAQ, those shares were down about half a percent.

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<v Speaker 2>So I want to go there and go to what's

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<v Speaker 2>really like a stock.

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<v Speaker 1>On the move.

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<v Speaker 2>It's till Rey Brands. Yes, Tlry. Their shares have been

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<v Speaker 2>down as much as fifteen percent. It's a cannabis company, right,

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<v Speaker 2>So they unveiled this reverse stock split. It's a one

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<v Speaker 2>for ten reverse stock split. Shares have begin trading on

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<v Speaker 2>a split adjusted basis on December second, so that's the

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<v Speaker 2>date they put. So they said that it's going to

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<v Speaker 2>reduce the number of its shares to one hundred and

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<v Speaker 2>six teen million from about one point one six billion,

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<v Speaker 2>but they just, I mean, it's gonna make it shares

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<v Speaker 2>more attractive to institutional shareholders. So that's what they're saying, next,

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<v Speaker 2>what do you go? All right, I gotta go Oracle

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<v Speaker 2>ticker orcl Their shares have been down as much as

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<v Speaker 2>two percent. This was a story from a few days,

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<v Speaker 2>but it's still kind of affecting the stock. Morgan Stanley said,

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<v Speaker 2>a gauge of risk on Oracle's debt reached a three

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<v Speaker 2>year high in November, so they're putting up this morning.

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<v Speaker 2>They say things could only get worse than twenty twenty

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<v Speaker 2>six and less Oracle is able to kind of calm

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<v Speaker 2>that investor anxiety about this massive AI spending spree. It's

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<v Speaker 2>a spending spree.

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<v Speaker 1>They're worried about this stock mover's report from Bloomberg Radio.

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<v Speaker 1>Check back with us throughout the day for the latest

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<v Speaker 1>roundup of companies making news on Wall Street and for

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