1
00:00:02,480 --> 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 --> 00:00:21,600
Speaker 2: with Carol Masser, Tim Stenebeck, Romain Bostik, and Scarlet.

5
00:00:21,079 --> 00:00:24,600
Speaker 3: Food checking in on the S and P five hundred. Romain,

6
00:00:24,680 --> 00:00:27,479
Speaker 3: you've got almost an even split even with records on

7
00:00:27,680 --> 00:00:29,480
Speaker 3: Wall Street. So what does that mean? Two hundred and

8
00:00:29,520 --> 00:00:31,320
Speaker 3: forty five names in the S and P five hundred

9
00:00:31,360 --> 00:00:33,680
Speaker 3: gaining ground today, two hundred and fifty six Matt to

10
00:00:33,720 --> 00:00:35,320
Speaker 3: the downside to unchanged.

11
00:00:35,479 --> 00:00:36,519
Speaker 4: Yeah, it's pretty interesting.

12
00:00:36,880 --> 00:00:40,120
Speaker 5: We've had pretty bad breadth all day long. But as

13
00:00:40,200 --> 00:00:42,800
Speaker 5: Romain and I were talking about, it's all about the

14
00:00:42,840 --> 00:00:47,440
Speaker 5: big tech stocks, information technology, a big green slice of

15
00:00:47,479 --> 00:00:50,720
Speaker 5: your IMAP pie right now, and after nvidio I said

16
00:00:50,760 --> 00:00:54,160
Speaker 5: it's going to invest one hundred billion dollars in open AI, what.

17
00:00:54,280 --> 00:00:55,800
Speaker 4: Else would you expect.

18
00:00:55,840 --> 00:00:58,880
Speaker 5: That's the kind of announcement that absolutely powers the market higher.

19
00:00:59,040 --> 00:01:01,600
Speaker 3: Yeah, exactly. So I'm going to start with Nvidia, Matt,

20
00:01:01,600 --> 00:01:04,759
Speaker 3: because that one finishing just off its highs of this session,

21
00:01:04,760 --> 00:01:07,680
Speaker 3: but still up just shy a four percent. As you said,

22
00:01:08,280 --> 00:01:10,920
Speaker 3: Nvidia going to invest one hundred million dollars in open

23
00:01:10,959 --> 00:01:13,679
Speaker 3: AI to sport the building of new data centers and

24
00:01:13,720 --> 00:01:17,240
Speaker 3: the infrastructure needed to power AI workloads. Keep in mind

25
00:01:17,280 --> 00:01:19,399
Speaker 3: it's a letter of intent, which is kind of just interesting.

26
00:01:19,480 --> 00:01:21,319
Speaker 3: So it's a planned so we'll see how it all

27
00:01:21,319 --> 00:01:25,720
Speaker 3: plays out. But nonetheless it did send Nvidia much much higher.

28
00:01:25,760 --> 00:01:28,360
Speaker 3: In fact, the whole semi group was higher. As I

29
00:01:28,400 --> 00:01:30,440
Speaker 3: said earlier on a bunch of calls to from the

30
00:01:30,480 --> 00:01:33,840
Speaker 3: analyst community, Hey, I got to go to Oracle finishing

31
00:01:33,880 --> 00:01:36,080
Speaker 3: pretty much at its best levels of the session again

32
00:01:36,200 --> 00:01:40,160
Speaker 3: more than six percent. This as the company is said

33
00:01:40,240 --> 00:01:45,000
Speaker 3: to be responsible for the algorithm, the securing of the

34
00:01:45,080 --> 00:01:48,840
Speaker 3: algorithm for TikTok. Really in the United States, you.

35
00:01:48,840 --> 00:01:51,880
Speaker 5: Think that's driving the stock higher TikTok You don't think

36
00:01:51,920 --> 00:01:52,200
Speaker 5: it is.

37
00:01:52,560 --> 00:01:54,760
Speaker 4: I think maybe it's because they have two new co CEOs.

38
00:01:54,920 --> 00:01:56,760
Speaker 3: You think it's because they have two new co CEOs.

39
00:01:56,880 --> 00:01:58,520
Speaker 4: I mean, what is TikTok want?

40
00:01:58,640 --> 00:02:01,480
Speaker 5: And the really power they're earning hire It's not the

41
00:02:01,560 --> 00:02:04,360
Speaker 5: kind of three hundred billion dollar order that you get

42
00:02:04,400 --> 00:02:05,400
Speaker 5: from Where's.

43
00:02:05,120 --> 00:02:06,680
Speaker 6: Kg Hey, where's Katie?

44
00:02:07,000 --> 00:02:08,880
Speaker 1: So where's Kase?

45
00:02:09,360 --> 00:02:10,600
Speaker 4: She's on TikTok at home?

46
00:02:10,720 --> 00:02:13,600
Speaker 3: Well, listen, Oracle has this close relationship with TikTok in

47
00:02:13,639 --> 00:02:17,160
Speaker 3: the United States, so securing and being still involved in

48
00:02:17,200 --> 00:02:19,880
Speaker 3: that certainly would mean some business momentum for them. I

49
00:02:19,919 --> 00:02:22,120
Speaker 3: don't know everything Oracle does. They seem to be on

50
00:02:22,160 --> 00:02:24,480
Speaker 3: fire right now, so okay.

51
00:02:24,200 --> 00:02:25,560
Speaker 4: I feel like they weren't getting kicked out of the

52
00:02:25,560 --> 00:02:28,720
Speaker 4: TikTok story. Yeah. By the way, the stock has doubled

53
00:02:28,800 --> 00:02:29,080
Speaker 4: year to.

54
00:02:29,160 --> 00:02:31,600
Speaker 3: Date, I know, which is why we did like a

55
00:02:31,639 --> 00:02:33,880
Speaker 3: ten minute segment on what's going on with Oracle because

56
00:02:33,880 --> 00:02:36,359
Speaker 3: they just seem to be everywhere right now. Okay, that's

57
00:02:36,440 --> 00:02:40,560
Speaker 3: just like a we all right stocks writer, Right, I've

58
00:02:40,560 --> 00:02:44,320
Speaker 3: got one more tickers B E, t R, better Home

59
00:02:45,080 --> 00:02:46,760
Speaker 3: and what is it?

60
00:02:46,800 --> 00:02:48,919
Speaker 1: Better Home and what and financing holdings.

61
00:02:48,919 --> 00:02:49,800
Speaker 3: It's right there on the screen.

62
00:02:50,360 --> 00:02:50,640
Speaker 2: Okay.

63
00:02:50,720 --> 00:02:53,040
Speaker 3: Well, you know I've got you know, not like U

64
00:02:53,120 --> 00:02:55,680
Speaker 3: TV people who've got like, you know stuff. I've got

65
00:02:55,919 --> 00:02:57,280
Speaker 3: a lot of things I got to do over here.

66
00:02:57,919 --> 00:03:02,880
Speaker 3: Stock is up about forties forty seven percent at the close,

67
00:03:03,000 --> 00:03:04,960
Speaker 3: was up as much as one hundred and seventy five percent.

68
00:03:05,000 --> 00:03:10,639
Speaker 3: This happened as EMJ Capital's Eric Jackson said the hedge.

69
00:03:10,400 --> 00:03:11,280
Speaker 4: Fund was long the stock.

70
00:03:11,320 --> 00:03:13,720
Speaker 3: I mean, this is the guy you know behind open door,

71
00:03:13,760 --> 00:03:16,000
Speaker 3: and we saw the momentum there. But this one, I mean,

72
00:03:16,000 --> 00:03:18,600
Speaker 3: it's not even a big company, is it. I mean,

73
00:03:18,600 --> 00:03:20,480
Speaker 3: we're talking about a seven hundred and sixty four million

74
00:03:20,520 --> 00:03:23,359
Speaker 3: dollar market cap company. But nonetheless he came out and

75
00:03:23,400 --> 00:03:25,480
Speaker 3: said he's long and investors moved into it.

76
00:03:26,120 --> 00:03:28,800
Speaker 6: All right, those are the gainers. I got the decliners.

77
00:03:28,840 --> 00:03:32,080
Speaker 6: I'm watching shares of Kenview actually falling close to a

78
00:03:32,120 --> 00:03:35,600
Speaker 6: record low. We're closing at a record low, excuse me,

79
00:03:35,800 --> 00:03:39,160
Speaker 6: down seven and a half percent today. This after the

80
00:03:39,200 --> 00:03:42,800
Speaker 6: Trump administration, we learned plans to link the active ingredient

81
00:03:42,840 --> 00:03:45,360
Speaker 6: and tile and all to autism and warn pregnant women

82
00:03:45,400 --> 00:03:47,680
Speaker 6: against using the medication unless they have a fever. We

83
00:03:47,720 --> 00:03:51,400
Speaker 6: are expecting President Trump to make some comments soon when

84
00:03:51,400 --> 00:03:53,240
Speaker 6: it comes to this. We will bring those comments to

85
00:03:53,280 --> 00:03:57,160
Speaker 6: you live when we do get them. Formerly the consumer

86
00:03:57,200 --> 00:03:59,440
Speaker 6: health Care division of Johnson and Johnson. By the way,

87
00:03:59,440 --> 00:04:02,200
Speaker 6: so only a few years as a spindependent, spun out

88
00:04:02,240 --> 00:04:04,720
Speaker 6: company can view that. As Disney share has finished the

89
00:04:04,760 --> 00:04:07,640
Speaker 6: day down one percent, it was done as much as

90
00:04:07,640 --> 00:04:09,600
Speaker 6: two percent earlier in the session. It bounced higher a

91
00:04:09,640 --> 00:04:12,400
Speaker 6: bit after the company said that Jimmy Kimmellive will return

92
00:04:12,440 --> 00:04:15,280
Speaker 6: to air on Tuesday, ending a suspension in post following

93
00:04:15,520 --> 00:04:19,120
Speaker 6: controversial remarks that he made about the assassination of Republican

94
00:04:19,160 --> 00:04:22,600
Speaker 6: activist Charlie Kirk. We're getting some more details about that.

95
00:04:23,320 --> 00:04:26,640
Speaker 6: We are reporting that Kimmel will address the Kirk controversy

96
00:04:26,640 --> 00:04:29,400
Speaker 6: when he returns to the show. Yes, he will.

97
00:04:29,400 --> 00:04:29,640
Speaker 5: He will.

98
00:04:29,640 --> 00:04:31,719
Speaker 4: Not if he just came back and didn't mention it.

99
00:04:31,720 --> 00:04:35,000
Speaker 6: That would be weird, and he will. Also, we learned

100
00:04:35,040 --> 00:04:38,120
Speaker 6: that he personally negotiated a return with Bob Bob Iger

101
00:04:38,320 --> 00:04:42,040
Speaker 6: over at Disney in addition to Walden as well. Disney

102
00:04:42,040 --> 00:04:45,120
Speaker 6: shares falling by about one percent today, and finally, some

103
00:04:45,279 --> 00:04:47,360
Speaker 6: M and A news sending shares of Compass, the real

104
00:04:47,440 --> 00:04:50,760
Speaker 6: estate firm, lower today, down fifteen point seven percent. Company

105
00:04:50,839 --> 00:04:53,559
Speaker 6: shares fell after the company agreed to buy Anywhere real Estate.

106
00:04:53,560 --> 00:04:57,080
Speaker 6: It's a one point five billion dollar stock deal Marrek.

107
00:04:57,160 --> 00:05:01,679
Speaker 6: Anywhere has brands including Coldwell Banker, Corkoran, Southeby's International Realty,

108
00:05:01,800 --> 00:05:03,719
Speaker 6: so it's going to be a big player when it

109
00:05:03,760 --> 00:05:06,520
Speaker 6: comes to the largest residential brokerage in the US.

110
00:05:06,520 --> 00:05:08,360
Speaker 1: All right, let's go to a quick check on yields here.

111
00:05:08,440 --> 00:05:11,760
Speaker 1: We actually did see yields actually rise today modestly, basically

112
00:05:11,800 --> 00:05:14,480
Speaker 1: about two basis points almost across the curve, three basis

113
00:05:14,480 --> 00:05:16,560
Speaker 1: points on the short end. This despite some of the

114
00:05:16,560 --> 00:05:18,560
Speaker 1: commentary that we heard a little bit earlier from the

115
00:05:18,560 --> 00:05:23,320
Speaker 1: Trump Trump's appointee to the FED Governorship, Stephen Myron, giving

116
00:05:23,360 --> 00:05:25,320
Speaker 1: a speech at the Economic Club of New York, saying

117
00:05:25,320 --> 00:05:27,600
Speaker 1: that he actually wants to see a more aggressive rate

118
00:05:27,600 --> 00:05:29,960
Speaker 1: cutting cycle to protect the labor market. But then we

119
00:05:30,040 --> 00:05:32,159
Speaker 1: have heard from Beth Hammick and a few other FED

120
00:05:32,200 --> 00:05:34,960
Speaker 1: members kind of saying, well, maybe not. Let's hold off here.

121
00:05:35,000 --> 00:05:37,320
Speaker 1: So interesting to see who the market's paying attention to

122
00:05:37,400 --> 00:05:39,640
Speaker 1: right now, which seems to be more on the cautious

123
00:05:39,640 --> 00:05:40,640
Speaker 1: side than anything else.

124
00:05:42,040 --> 00:05:46,080
Speaker 2: This stock Movers report from Bloomberg Radio. Check back with

125
00:05:46,160 --> 00:05:48,720
Speaker 2: us throughout the day for the latest roundup of companies

126
00:05:48,800 --> 00:05:51,880
Speaker 2: making news on Wall Street and for the latest market

127
00:05:51,920 --> 00:05:56,400
Speaker 2: moving headlines. Listen to Bloomberg Radio Live, catch us on YouTube,

128
00:05:56,480 --> 00:06:00,120
Speaker 2: Bloomberg dot com, and on Applecarplay and Android Auto. The

129
00:06:00,160 --> 00:06:01,479
Speaker 2: Bloomberg Business app.