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

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Speaker 2: The Stock Movers Report, your roundup of companies making moves

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Speaker 2: in the stock market. Harnessing the power of Bloomberg Data.

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Speaker 3: Let's take a look at some stocks on the move today.

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Speaker 3: I'm Nathan Haker, joined by Bloomberg's Valerie Titel and Valerie

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Speaker 3: I'm thinking Microsoft is going to be a stock to

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Speaker 3: watch today, Wondering if investors are breathing a bit of

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Speaker 3: a CYHB relief after some of the latest developments around

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Speaker 3: the future of open Ai.

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Speaker 1: Good morning, Hey, good morning, Nathan, Happy Friday to you. Yes,

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Speaker 1: we are seeing Microsoft have a decent rally this morning.

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Speaker 1: It's up one point three percent in pre market trade.

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Speaker 1: It's on the back of as you mentioned, open Ai

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Speaker 1: and Microsoft announced in a joint statement yesterday that they

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Speaker 1: have reached preliminary terms on a revised partnership. Comes after

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Speaker 1: some painstaking negotiations between the two, but the announcement has

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Speaker 1: calmed fears about the turmoil in that Microsoft's relationship with

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Speaker 1: open Ai. Remember, open ai is currently a non profit

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Speaker 1: and Microsoft is currently their biggest backer. But perhaps a

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Speaker 1: restructuring of open ai, which does deal with a nonprofit

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Speaker 1: getting one hundred billion dollars of its equity stake. Maybe

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Speaker 1: another signal that chatgybt maker is coming closer.

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Speaker 4: To converting itself into a for profit company.

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Speaker 3: Well, staying in the tech space, we just got some

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Speaker 3: earnings from Adobe. Apparently you say AI, you say good

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Speaker 3: things about AI, and the stock just jumps.

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Speaker 1: Well, Adobe is just shy of four percent in pre

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Speaker 1: market trade. They did ease investor concerns that they are

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Speaker 1: dealing with tough competition from new AI entrants into the space. Remember,

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Speaker 1: Adobe is the maker of software, but more for creative professionals.

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Speaker 1: They beat on expectations when it comes to earnings and

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Speaker 1: raised their full year guidance. Analysts were also quite positive

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Speaker 1: on their upgrade to their annual recurring revenue metric, being

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Speaker 1: that software big, a big thing that software companies track.

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Speaker 4: It's Adobe up nearly four percent.

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Speaker 3: Okay, moving from AI to OURH formerly known as Restoration Hardware.

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Speaker 3: Why has that stock got your attention this morning?

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Speaker 1: It's down nine point nine All that will do it,

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Speaker 1: that's why.

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Speaker 4: But there was some.

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Speaker 1: Colorful language from the CEO, which is also attracted attention.

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Speaker 1: But they announced that they were cutting their sales out

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Speaker 1: look for the full year. They cited mounting impacts from

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Speaker 1: new US tariffs that have resulted in product delays. But then,

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Speaker 1: for the second time this year, the CEO on the

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Speaker 1: earnings call gave some quite colorful language as to why

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Speaker 1: they need to discount their products, saying that the furniture

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Speaker 1: industry will go broke if they don't offer discounts to

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Speaker 1: stay afloat amid a weak housing market. He called the

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Speaker 1: housing market the third year of the worst housing market

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Speaker 1: he's seen in his thirty eight years in this industry.

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Speaker 1: So housing having an impact on the luxury furniture space,

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Speaker 1: with restoration hardware down nearly ten percent.

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Speaker 3: And we're seeing some big impact this morning as well

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Speaker 3: for Warner Brothers. Discovery moving higher and maybe having to

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Speaker 3: make its name even longer.

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Speaker 2: Well.

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Speaker 1: It rose yesterday on a speculation that Paramount sky Dance

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Speaker 1: was about to make an offer for the company. It

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Speaker 1: rose nearly thirty percent and is rising another five and

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Speaker 1: a half percent so far in pre market trade. Now,

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Speaker 1: this has got a lot of interesting things going on.

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Speaker 1: Paramount sky Dance. It was a studio that was taken

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Speaker 1: over by independent filmmaker David Ellison, who is the father

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Speaker 1: of Larry Ellison, who is the co founder of Oracle,

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Speaker 1: who has saw that ginormous jump in net.

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Speaker 4: Worth after that Oracle rally.

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Speaker 1: Warner Brothers enterprise value stends it around seventy billion, and

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Speaker 1: that's basically what Larry Ellison has made in his net

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Speaker 1: worth with the Oracle rally this year. But the very

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Speaker 1: important part about this is that the paramount bid is

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Speaker 1: a bid for the entire company, and Warner Brothers just

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Speaker 1: a few months ago was considering splitting into.

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Speaker 4: Two different publicly traded companies.

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Speaker 1: So that's the reason why the aggressive move higher for

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Speaker 1: Warner Brothers today.

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Speaker 3: And I know you meant to say that David Elson

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Speaker 3: is the son of Larry Ellison, Oracle co founders, so

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Speaker 3: just to clarify that.

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Speaker 2: The Stockmover's report from Bloomberg Radio. Check back with us

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Speaker 2: throughout the day for the latest roundup of companies making

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Speaker 2: news on Wall Street and for the latest market moving headlines.

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