Speaker 1: Bloomberg Audio Studios, podcasts, radio news.
Speaker 2: This is the closing bell on this stock movers report.
Speaker 2: The company's making moves at the close of US trading
Speaker 2: with Carol Masser, Tim Stenebeck, Romain Bostik, and Scarlet.
Speaker 3: Food checking in on the S and P five hundred. Romain,
Speaker 3: you've got almost an even split even with records on
Speaker 3: Wall Street. So what does that mean? Two hundred and
Speaker 3: forty five names in the S and P five hundred
Speaker 3: gaining ground today, two hundred and fifty six Matt to
Speaker 3: the downside to unchanged.
Speaker 4: Yeah, it's pretty interesting.
Speaker 5: We've had pretty bad breadth all day long. But as
Speaker 5: Romain and I were talking about, it's all about the
Speaker 5: big tech stocks, information technology, a big green slice of
Speaker 5: your IMAP pie right now, and after nvidio I said
Speaker 5: it's going to invest one hundred billion dollars in open AI, what.
Speaker 4: Else would you expect.
Speaker 5: That's the kind of announcement that absolutely powers the market higher.
Speaker 3: Yeah, exactly. So I'm going to start with Nvidia, Matt,
Speaker 3: because that one finishing just off its highs of this session,
Speaker 3: but still up just shy a four percent. As you said,
Speaker 3: Nvidia going to invest one hundred million dollars in open
Speaker 3: AI to sport the building of new data centers and
Speaker 3: the infrastructure needed to power AI workloads. Keep in mind
Speaker 3: it's a letter of intent, which is kind of just interesting.
Speaker 3: So it's a planned so we'll see how it all
Speaker 3: plays out. But nonetheless it did send Nvidia much much higher.
Speaker 3: In fact, the whole semi group was higher. As I
Speaker 3: said earlier on a bunch of calls to from the
Speaker 3: analyst community, Hey, I got to go to Oracle finishing
Speaker 3: pretty much at its best levels of the session again
Speaker 3: more than six percent. This as the company is said
Speaker 3: to be responsible for the algorithm, the securing of the
Speaker 3: algorithm for TikTok. Really in the United States, you.
Speaker 5: Think that's driving the stock higher TikTok You don't think
Speaker 5: it is.
Speaker 4: I think maybe it's because they have two new co CEOs.
Speaker 3: You think it's because they have two new co CEOs.
Speaker 4: I mean, what is TikTok want?
Speaker 5: And the really power they're earning hire It's not the
Speaker 5: kind of three hundred billion dollar order that you get
Speaker 5: from Where's.
Speaker 6: Kg Hey, where's Katie?
Speaker 1: So where's Kase?
Speaker 4: She's on TikTok at home?
Speaker 3: Well, listen, Oracle has this close relationship with TikTok in
Speaker 3: the United States, so securing and being still involved in
Speaker 3: that certainly would mean some business momentum for them. I
Speaker 3: don't know everything Oracle does. They seem to be on
Speaker 3: fire right now, so okay.
Speaker 4: I feel like they weren't getting kicked out of the
Speaker 4: TikTok story. Yeah. By the way, the stock has doubled
Speaker 4: year to.
Speaker 3: Date, I know, which is why we did like a
Speaker 3: ten minute segment on what's going on with Oracle because
Speaker 3: they just seem to be everywhere right now. Okay, that's
Speaker 3: just like a we all right stocks writer, Right, I've
Speaker 3: got one more tickers B E, t R, better Home
Speaker 3: and what is it?
Speaker 1: Better Home and what and financing holdings.
Speaker 3: It's right there on the screen.
Speaker 2: Okay.
Speaker 3: Well, you know I've got you know, not like U
Speaker 3: TV people who've got like, you know stuff. I've got
Speaker 3: a lot of things I got to do over here.
Speaker 3: Stock is up about forties forty seven percent at the close,
Speaker 3: was up as much as one hundred and seventy five percent.
Speaker 3: This happened as EMJ Capital's Eric Jackson said the hedge.
Speaker 4: Fund was long the stock.
Speaker 3: I mean, this is the guy you know behind open door,
Speaker 3: and we saw the momentum there. But this one, I mean,
Speaker 3: it's not even a big company, is it. I mean,
Speaker 3: we're talking about a seven hundred and sixty four million
Speaker 3: dollar market cap company. But nonetheless he came out and
Speaker 3: said he's long and investors moved into it.
Speaker 6: All right, those are the gainers. I got the decliners.
Speaker 6: I'm watching shares of Kenview actually falling close to a
Speaker 6: record low. We're closing at a record low, excuse me,
Speaker 6: down seven and a half percent today. This after the
Speaker 6: Trump administration, we learned plans to link the active ingredient
Speaker 6: and tile and all to autism and warn pregnant women
Speaker 6: against using the medication unless they have a fever. We
Speaker 6: are expecting President Trump to make some comments soon when
Speaker 6: it comes to this. We will bring those comments to
Speaker 6: you live when we do get them. Formerly the consumer
Speaker 6: health Care division of Johnson and Johnson. By the way,
Speaker 6: so only a few years as a spindependent, spun out
Speaker 6: company can view that. As Disney share has finished the
Speaker 6: day down one percent, it was done as much as
Speaker 6: two percent earlier in the session. It bounced higher a
Speaker 6: bit after the company said that Jimmy Kimmellive will return
Speaker 6: to air on Tuesday, ending a suspension in post following
Speaker 6: controversial remarks that he made about the assassination of Republican
Speaker 6: activist Charlie Kirk. We're getting some more details about that.
Speaker 6: We are reporting that Kimmel will address the Kirk controversy
Speaker 6: when he returns to the show. Yes, he will.
Speaker 5: He will.
Speaker 4: Not if he just came back and didn't mention it.
Speaker 6: That would be weird, and he will. Also, we learned
Speaker 6: that he personally negotiated a return with Bob Bob Iger
Speaker 6: over at Disney in addition to Walden as well. Disney
Speaker 6: shares falling by about one percent today, and finally, some
Speaker 6: M and A news sending shares of Compass, the real
Speaker 6: estate firm, lower today, down fifteen point seven percent. Company
Speaker 6: shares fell after the company agreed to buy Anywhere real Estate.
Speaker 6: It's a one point five billion dollar stock deal Marrek.
Speaker 6: Anywhere has brands including Coldwell Banker, Corkoran, Southeby's International Realty,
Speaker 6: so it's going to be a big player when it
Speaker 6: comes to the largest residential brokerage in the US.
Speaker 1: All right, let's go to a quick check on yields here.
Speaker 1: We actually did see yields actually rise today modestly, basically
Speaker 1: about two basis points almost across the curve, three basis
Speaker 1: points on the short end. This despite some of the
Speaker 1: commentary that we heard a little bit earlier from the
Speaker 1: Trump Trump's appointee to the FED Governorship, Stephen Myron, giving
Speaker 1: a speech at the Economic Club of New York, saying
Speaker 1: that he actually wants to see a more aggressive rate
Speaker 1: cutting cycle to protect the labor market. But then we
Speaker 1: have heard from Beth Hammick and a few other FED
Speaker 1: members kind of saying, well, maybe not. Let's hold off here.
Speaker 1: So interesting to see who the market's paying attention to
Speaker 1: right now, which seems to be more on the cautious
Speaker 1: side than anything else.
Speaker 2: This stock Movers report from Bloomberg Radio. Check back with
Speaker 2: us throughout the day for the latest roundup of companies
Speaker 2: making news on Wall Street and for the latest market
Speaker 2: moving headlines. Listen to Bloomberg Radio Live, catch us on YouTube,
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