1 00:00:02,520 --> 00:00:09,800 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 --> 00:00:21,360 Speaker 2: with Carol Masser, Tim Stenovak, Romain, Bostik, and Scarlet Food. 5 00:00:22,520 --> 00:00:24,680 Speaker 3: All right, let's get to some of the individual gainers, 6 00:00:25,000 --> 00:00:27,760 Speaker 3: if we may. Carnival, this was definitely an now performer, 7 00:00:27,840 --> 00:00:29,480 Speaker 3: number one gainer in the S and P five hundred 8 00:00:29,520 --> 00:00:31,840 Speaker 3: folks just finishing off as ties of the session, still 9 00:00:31,960 --> 00:00:34,520 Speaker 3: good enough for a gain of about nine point eight percent. 10 00:00:35,159 --> 00:00:37,680 Speaker 3: The company giving a better than expected profit outlook for 11 00:00:37,720 --> 00:00:41,760 Speaker 3: next year reinstated dividend payments. The company expects a justin 12 00:00:41,800 --> 00:00:44,279 Speaker 3: at income to rise about twelve percent next year. That's 13 00:00:44,320 --> 00:00:47,440 Speaker 3: higher than the average analyst estimate of an eight point 14 00:00:47,520 --> 00:00:51,160 Speaker 3: seven percent increase, so that's quite some outperformance there. As 15 00:00:51,159 --> 00:00:53,880 Speaker 3: we mentioned, they also announced that quarterly dividend fifteen cents 16 00:00:53,920 --> 00:00:57,920 Speaker 3: a share after payouts were discontinued back in twenty twenty. 17 00:00:58,600 --> 00:01:01,560 Speaker 3: Company also say trends are poised to continue to next 18 00:01:01,600 --> 00:01:05,040 Speaker 3: year on higher prices in booking, so that lifting the 19 00:01:05,120 --> 00:01:07,800 Speaker 3: cruise group on this Friday got to go over to Oracle, 20 00:01:07,840 --> 00:01:10,160 Speaker 3: which has had a little bit of a tough go 21 00:01:10,600 --> 00:01:13,160 Speaker 3: as it questions some of its moves and investments into 22 00:01:13,280 --> 00:01:15,800 Speaker 3: AI and the death that it's been taking on as 23 00:01:15,800 --> 00:01:18,000 Speaker 3: a result, actually getting a kick to the upside, up 24 00:01:18,040 --> 00:01:22,319 Speaker 3: six point nine percent in today's session. This happening on 25 00:01:22,400 --> 00:01:25,319 Speaker 3: a Bloomberg exclusive TikTok being bought by a group of 26 00:01:25,319 --> 00:01:29,119 Speaker 3: buyers led by Oracle, which will own fifteen percent of 27 00:01:29,160 --> 00:01:32,080 Speaker 3: the entity as well Silver Lake and MGX. That's an 28 00:01:32,120 --> 00:01:36,360 Speaker 3: Abu Dhabi based investment company. Oracle and byte Dance signing 29 00:01:36,600 --> 00:01:41,839 Speaker 3: binding agreements to create a US joint ventures and so 30 00:01:42,280 --> 00:01:46,520 Speaker 3: it will be an independent entity controlling data protection, content moderation, 31 00:01:46,640 --> 00:01:50,560 Speaker 3: and algorithm security with a new seven member majority American 32 00:01:50,600 --> 00:01:54,320 Speaker 3: board of directors. So that was some interesting performance there 33 00:01:54,320 --> 00:01:56,680 Speaker 3: for Oracle, and this one for something different. I like 34 00:01:56,760 --> 00:01:59,120 Speaker 3: to kind of go there. A small market cap about 35 00:01:59,320 --> 00:02:04,200 Speaker 3: six hundred seventeen million dollars. Ticker is wy Fi white Fiber. 36 00:02:05,040 --> 00:02:07,120 Speaker 3: It was spent half this year from its parent company 37 00:02:07,160 --> 00:02:10,080 Speaker 3: bit Digital, which is a crypto firm, which spun it 38 00:02:10,120 --> 00:02:13,280 Speaker 3: off to focus on AI infrastructure. White Fiber provides AI 39 00:02:13,400 --> 00:02:16,760 Speaker 3: data centers with what's known as biological white fibers for quick, 40 00:02:17,480 --> 00:02:20,639 Speaker 3: quick power and fast computing needed by AI and machine 41 00:02:20,680 --> 00:02:23,679 Speaker 3: learning tasks. And what happened is some news today to 42 00:02:23,680 --> 00:02:27,480 Speaker 3: a now say ten year forty megawat colocation agreement between 43 00:02:27,480 --> 00:02:31,519 Speaker 3: its subsidiary and No Data Centers and n Scale Global Holdings. 44 00:02:31,520 --> 00:02:33,880 Speaker 3: There's a lot of stuff in here, basically a new 45 00:02:33,880 --> 00:02:37,400 Speaker 3: megawat data center. What's interesting is it takes kind of 46 00:02:37,400 --> 00:02:41,680 Speaker 3: existing facilities and makes it ready for high performance data 47 00:02:41,720 --> 00:02:44,840 Speaker 3: center compute, if you will. That's needed for AI, machine 48 00:02:44,880 --> 00:02:46,880 Speaker 3: learning and all that good stuff. So I just like 49 00:02:46,919 --> 00:02:48,960 Speaker 3: to throw that out. It's a stock that is down 50 00:02:49,000 --> 00:02:51,760 Speaker 3: about five percent though since it's IPO back in August. 51 00:02:52,440 --> 00:02:56,120 Speaker 4: Okay, that one, I have a less complicated one. Marell 52 00:02:56,280 --> 00:02:59,079 Speaker 4: sorry to start with that. Bring it down. Everybody knows 53 00:02:59,120 --> 00:03:01,760 Speaker 4: what Nike does. Down ten and a half percent today, 54 00:03:01,840 --> 00:03:03,920 Speaker 4: This after the company warned that sales will decline this 55 00:03:04,040 --> 00:03:07,239 Speaker 4: quarter persistent weakness in China and then the Converse brand 56 00:03:07,600 --> 00:03:10,320 Speaker 4: also seeing weakness too. The company does expect revenue to 57 00:03:10,320 --> 00:03:12,000 Speaker 4: be down in the low single digits in the three 58 00:03:12,000 --> 00:03:15,400 Speaker 4: months that started on December first, with Converse sales plunging 59 00:03:15,400 --> 00:03:18,840 Speaker 4: in Greater China, sales down. Nike shares today down by 60 00:03:18,880 --> 00:03:21,880 Speaker 4: ten point five four percent, kind of where they were 61 00:03:21,960 --> 00:03:27,000 Speaker 4: throughout the session. Also lamb weston oh wow, frozen potato 62 00:03:27,000 --> 00:03:30,920 Speaker 4: French fries. French fries too. Look at this non potato 63 00:03:30,960 --> 00:03:35,400 Speaker 4: French fries. Uh, you could have some potato fries. Yes, 64 00:03:35,520 --> 00:03:37,640 Speaker 4: very valid point. You know those aren't real fries. 65 00:03:37,680 --> 00:03:38,080 Speaker 1: But thank you. 66 00:03:38,320 --> 00:03:41,160 Speaker 4: Okay, down twenty six percent on to die on this 67 00:03:41,320 --> 00:03:43,240 Speaker 4: is now it's now trading at the lowest going back 68 00:03:43,240 --> 00:03:46,040 Speaker 4: to March of twenty twenty. The company came out to 69 00:03:46,080 --> 00:03:49,280 Speaker 4: maintain your full year guidance despite beating second quarter expectations. 70 00:03:49,320 --> 00:03:51,920 Speaker 4: The company noted, though in their press release that the 71 00:03:51,920 --> 00:03:54,200 Speaker 4: price makes declined eight percent in North America due to 72 00:03:54,240 --> 00:03:57,640 Speaker 4: ongoing supportive customers through price and trade, so essentially a 73 00:03:57,680 --> 00:04:01,960 Speaker 4: profit warning about discounting and rising manufacturing costs, and finally 74 00:04:02,000 --> 00:04:05,280 Speaker 4: looking at home builders, specifically KB Homes. Today this after 75 00:04:05,360 --> 00:04:09,440 Speaker 4: week where Lenar reported results that disappointed markets too. KB 76 00:04:09,560 --> 00:04:12,240 Speaker 4: Home shares fell down eight and a half percent at 77 00:04:12,240 --> 00:04:15,400 Speaker 4: one point, down the most intraday since twenty twenty. This 78 00:04:15,480 --> 00:04:18,160 Speaker 4: after the company posted fiscal fourth quarter profit that missed 79 00:04:18,200 --> 00:04:20,560 Speaker 4: analyst estimates. The midpoint of the outlook range for fiscal 80 00:04:20,560 --> 00:04:24,520 Speaker 4: twenty twenty six housing revenue also lagged expectations KB Home 81 00:04:24,560 --> 00:04:26,120 Speaker 4: down eight point five percent. 82 00:04:26,400 --> 00:04:28,440 Speaker 1: Oh, let's take a quick check in yield, the entire 83 00:04:28,560 --> 00:04:31,440 Speaker 1: curve shifting higher on the day, Bob Weship pointing out 84 00:04:31,640 --> 00:04:34,680 Speaker 1: pretty much every key point along that curve is lower 85 00:04:34,720 --> 00:04:37,000 Speaker 1: on the week, including your two year yield, which is 86 00:04:37,080 --> 00:04:39,720 Speaker 1: higher on the day, but is now dropped for two 87 00:04:39,800 --> 00:04:41,920 Speaker 1: straight weeks as a lot of people continue to bet 88 00:04:42,160 --> 00:04:44,440 Speaker 1: on continued FED rate cuts into twenty twenty six. 89 00:04:46,200 --> 00:04:50,200 Speaker 2: This stock Movers report from Bloomberg Radio. 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