WEBVTT - Closing Bell: Nvidia Rallies, Oracle Soars, Kenvue Drops 

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<v Speaker 1>Bloomberg Audio Studios, podcasts, radio news.

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<v Speaker 2>This is the closing bell on this stock movers report.

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<v Speaker 2>The company's making moves at the close of US trading

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<v Speaker 2>with Carol Masser, Tim Stenebeck, Romain Bostik, and Scarlet.

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<v Speaker 3>Food checking in on the S and P five hundred. Romain,

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<v Speaker 3>you've got almost an even split even with records on

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<v Speaker 3>Wall Street. So what does that mean? Two hundred and

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<v Speaker 3>forty five names in the S and P five hundred

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<v Speaker 3>gaining ground today, two hundred and fifty six Matt to

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<v Speaker 3>the downside to unchanged.

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<v Speaker 4>Yeah, it's pretty interesting.

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<v Speaker 5>We've had pretty bad breadth all day long. But as

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<v Speaker 5>Romain and I were talking about, it's all about the

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<v Speaker 5>big tech stocks, information technology, a big green slice of

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<v Speaker 5>your IMAP pie right now, and after nvidio I said

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<v Speaker 5>it's going to invest one hundred billion dollars in open AI, what.

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<v Speaker 4>Else would you expect.

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<v Speaker 5>That's the kind of announcement that absolutely powers the market higher.

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<v Speaker 3>Yeah, exactly. So I'm going to start with Nvidia, Matt,

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<v Speaker 3>because that one finishing just off its highs of this session,

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<v Speaker 3>but still up just shy a four percent. As you said,

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<v Speaker 3>Nvidia going to invest one hundred million dollars in open

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<v Speaker 3>AI to sport the building of new data centers and

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<v Speaker 3>the infrastructure needed to power AI workloads. Keep in mind

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<v Speaker 3>it's a letter of intent, which is kind of just interesting.

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<v Speaker 3>So it's a planned so we'll see how it all

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<v Speaker 3>plays out. But nonetheless it did send Nvidia much much higher.

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<v Speaker 3>In fact, the whole semi group was higher. As I

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<v Speaker 3>said earlier on a bunch of calls to from the

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<v Speaker 3>analyst community, Hey, I got to go to Oracle finishing

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<v Speaker 3>pretty much at its best levels of the session again

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<v Speaker 3>more than six percent. This as the company is said

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<v Speaker 3>to be responsible for the algorithm, the securing of the

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<v Speaker 3>algorithm for TikTok. Really in the United States, you.

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<v Speaker 5>Think that's driving the stock higher TikTok You don't think

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<v Speaker 5>it is.

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<v Speaker 4>I think maybe it's because they have two new co CEOs.

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<v Speaker 3>You think it's because they have two new co CEOs.

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<v Speaker 4>I mean, what is TikTok want?

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<v Speaker 5>And the really power they're earning hire It's not the

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<v Speaker 5>kind of three hundred billion dollar order that you get

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<v Speaker 5>from Where's.

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<v Speaker 6>Kg Hey, where's Katie?

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<v Speaker 1>So where's Kase?

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<v Speaker 4>She's on TikTok at home?

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<v Speaker 3>Well, listen, Oracle has this close relationship with TikTok in

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<v Speaker 3>the United States, so securing and being still involved in

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<v Speaker 3>that certainly would mean some business momentum for them. I

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<v Speaker 3>don't know everything Oracle does. They seem to be on

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<v Speaker 3>fire right now, so okay.

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<v Speaker 4>I feel like they weren't getting kicked out of the

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<v Speaker 4>TikTok story. Yeah. By the way, the stock has doubled

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<v Speaker 4>year to.

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<v Speaker 3>Date, I know, which is why we did like a

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<v Speaker 3>ten minute segment on what's going on with Oracle because

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<v Speaker 3>they just seem to be everywhere right now. Okay, that's

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<v Speaker 3>just like a we all right stocks writer, Right, I've

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<v Speaker 3>got one more tickers B E, t R, better Home

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<v Speaker 3>and what is it?

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<v Speaker 1>Better Home and what and financing holdings.

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<v Speaker 3>It's right there on the screen.

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<v Speaker 2>Okay.

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<v Speaker 3>Well, you know I've got you know, not like U

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<v Speaker 3>TV people who've got like, you know stuff. I've got

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<v Speaker 3>a lot of things I got to do over here.

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<v Speaker 3>Stock is up about forties forty seven percent at the close,

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<v Speaker 3>was up as much as one hundred and seventy five percent.

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<v Speaker 3>This happened as EMJ Capital's Eric Jackson said the hedge.

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<v Speaker 4>Fund was long the stock.

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<v Speaker 3>I mean, this is the guy you know behind open door,

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<v Speaker 3>and we saw the momentum there. But this one, I mean,

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<v Speaker 3>it's not even a big company, is it. I mean,

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<v Speaker 3>we're talking about a seven hundred and sixty four million

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<v Speaker 3>dollar market cap company. But nonetheless he came out and

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<v Speaker 3>said he's long and investors moved into it.

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<v Speaker 6>All right, those are the gainers. I got the decliners.

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<v Speaker 6>I'm watching shares of Kenview actually falling close to a

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<v Speaker 6>record low. We're closing at a record low, excuse me,

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<v Speaker 6>down seven and a half percent today. This after the

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<v Speaker 6>Trump administration, we learned plans to link the active ingredient

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<v Speaker 6>and tile and all to autism and warn pregnant women

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<v Speaker 6>against using the medication unless they have a fever. We

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<v Speaker 6>are expecting President Trump to make some comments soon when

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<v Speaker 6>it comes to this. We will bring those comments to

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<v Speaker 6>you live when we do get them. Formerly the consumer

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<v Speaker 6>health Care division of Johnson and Johnson. By the way,

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<v Speaker 6>so only a few years as a spindependent, spun out

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<v Speaker 6>company can view that. As Disney share has finished the

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<v Speaker 6>day down one percent, it was done as much as

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<v Speaker 6>two percent earlier in the session. It bounced higher a

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<v Speaker 6>bit after the company said that Jimmy Kimmellive will return

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<v Speaker 6>to air on Tuesday, ending a suspension in post following

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<v Speaker 6>controversial remarks that he made about the assassination of Republican

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<v Speaker 6>activist Charlie Kirk. We're getting some more details about that.

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<v Speaker 6>We are reporting that Kimmel will address the Kirk controversy

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<v Speaker 6>when he returns to the show. Yes, he will.

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<v Speaker 5>He will.

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<v Speaker 4>Not if he just came back and didn't mention it.

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<v Speaker 6>That would be weird, and he will. Also, we learned

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<v Speaker 6>that he personally negotiated a return with Bob Bob Iger

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<v Speaker 6>over at Disney in addition to Walden as well. Disney

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<v Speaker 6>shares falling by about one percent today, and finally, some

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<v Speaker 6>M and A news sending shares of Compass, the real

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<v Speaker 6>estate firm, lower today, down fifteen point seven percent. Company

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<v Speaker 6>shares fell after the company agreed to buy Anywhere real Estate.

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<v Speaker 6>It's a one point five billion dollar stock deal Marrek.

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<v Speaker 6>Anywhere has brands including Coldwell Banker, Corkoran, Southeby's International Realty,

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<v Speaker 6>so it's going to be a big player when it

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<v Speaker 6>comes to the largest residential brokerage in the US.

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<v Speaker 1>All right, let's go to a quick check on yields here.

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<v Speaker 1>We actually did see yields actually rise today modestly, basically

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<v Speaker 1>about two basis points almost across the curve, three basis

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<v Speaker 1>points on the short end. This despite some of the

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<v Speaker 1>commentary that we heard a little bit earlier from the

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<v Speaker 1>Trump Trump's appointee to the FED Governorship, Stephen Myron, giving

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<v Speaker 1>a speech at the Economic Club of New York, saying

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<v Speaker 1>that he actually wants to see a more aggressive rate

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<v Speaker 1>cutting cycle to protect the labor market. But then we

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<v Speaker 1>have heard from Beth Hammick and a few other FED

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<v Speaker 1>members kind of saying, well, maybe not. Let's hold off here.

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<v Speaker 1>So interesting to see who the market's paying attention to

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<v Speaker 1>right now, which seems to be more on the cautious

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<v Speaker 1>side than anything else.

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<v Speaker 2>This stock Movers report from Bloomberg Radio. Check back with

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<v Speaker 2>us throughout the day for the latest roundup of companies

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