WEBVTT - Closing Bell: Carnival Gains, WhiteFiber Surges, KB Home 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 Stenovak, Romain, Bostik, and Scarlet Food.

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<v Speaker 3>All right, let's get to some of the individual gainers,

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<v Speaker 3>if we may. Carnival, this was definitely an now performer,

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<v Speaker 3>number one gainer in the S and P five hundred

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<v Speaker 3>folks just finishing off as ties of the session, still

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<v Speaker 3>good enough for a gain of about nine point eight percent.

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<v Speaker 3>The company giving a better than expected profit outlook for

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<v Speaker 3>next year reinstated dividend payments. The company expects a justin

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<v Speaker 3>at income to rise about twelve percent next year. That's

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<v Speaker 3>higher than the average analyst estimate of an eight point

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<v Speaker 3>seven percent increase, so that's quite some outperformance there. As

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<v Speaker 3>we mentioned, they also announced that quarterly dividend fifteen cents

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<v Speaker 3>a share after payouts were discontinued back in twenty twenty.

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<v Speaker 3>Company also say trends are poised to continue to next

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<v Speaker 3>year on higher prices in booking, so that lifting the

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<v Speaker 3>cruise group on this Friday got to go over to Oracle,

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<v Speaker 3>which has had a little bit of a tough go

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<v Speaker 3>as it questions some of its moves and investments into

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<v Speaker 3>AI and the death that it's been taking on as

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<v Speaker 3>a result, actually getting a kick to the upside, up

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<v Speaker 3>six point nine percent in today's session. This happening on

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<v Speaker 3>a Bloomberg exclusive TikTok being bought by a group of

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<v Speaker 3>buyers led by Oracle, which will own fifteen percent of

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<v Speaker 3>the entity as well Silver Lake and MGX. That's an

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<v Speaker 3>Abu Dhabi based investment company. Oracle and byte Dance signing

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<v Speaker 3>binding agreements to create a US joint ventures and so

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<v Speaker 3>it will be an independent entity controlling data protection, content moderation,

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<v Speaker 3>and algorithm security with a new seven member majority American

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<v Speaker 3>board of directors. So that was some interesting performance there

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<v Speaker 3>for Oracle, and this one for something different. I like

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<v Speaker 3>to kind of go there. A small market cap about

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<v Speaker 3>six hundred seventeen million dollars. Ticker is wy Fi white Fiber.

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<v Speaker 3>It was spent half this year from its parent company

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<v Speaker 3>bit Digital, which is a crypto firm, which spun it

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<v Speaker 3>off to focus on AI infrastructure. White Fiber provides AI

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<v Speaker 3>data centers with what's known as biological white fibers for quick,

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<v Speaker 3>quick power and fast computing needed by AI and machine

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<v Speaker 3>learning tasks. And what happened is some news today to

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<v Speaker 3>a now say ten year forty megawat colocation agreement between

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<v Speaker 3>its subsidiary and No Data Centers and n Scale Global Holdings.

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<v Speaker 3>There's a lot of stuff in here, basically a new

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<v Speaker 3>megawat data center. What's interesting is it takes kind of

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<v Speaker 3>existing facilities and makes it ready for high performance data

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<v Speaker 3>center compute, if you will. That's needed for AI, machine

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<v Speaker 3>learning and all that good stuff. So I just like

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<v Speaker 3>to throw that out. It's a stock that is down

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<v Speaker 3>about five percent though since it's IPO back in August.

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<v Speaker 4>Okay, that one, I have a less complicated one. Marell

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<v Speaker 4>sorry to start with that. Bring it down. Everybody knows

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<v Speaker 4>what Nike does. Down ten and a half percent today,

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<v Speaker 4>This after the company warned that sales will decline this

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<v Speaker 4>quarter persistent weakness in China and then the Converse brand

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<v Speaker 4>also seeing weakness too. The company does expect revenue to

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<v Speaker 4>be down in the low single digits in the three

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<v Speaker 4>months that started on December first, with Converse sales plunging

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<v Speaker 4>in Greater China, sales down. Nike shares today down by

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<v Speaker 4>ten point five four percent, kind of where they were

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<v Speaker 4>throughout the session. Also lamb weston oh wow, frozen potato

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<v Speaker 4>French fries. French fries too. Look at this non potato

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<v Speaker 4>French fries. Uh, you could have some potato fries. Yes,

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<v Speaker 4>very valid point. You know those aren't real fries.

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<v Speaker 1>But thank you.

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<v Speaker 4>Okay, down twenty six percent on to die on this

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<v Speaker 4>is now it's now trading at the lowest going back

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<v Speaker 4>to March of twenty twenty. The company came out to

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<v Speaker 4>maintain your full year guidance despite beating second quarter expectations.

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<v Speaker 4>The company noted, though in their press release that the

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<v Speaker 4>price makes declined eight percent in North America due to

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<v Speaker 4>ongoing supportive customers through price and trade, so essentially a

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<v Speaker 4>profit warning about discounting and rising manufacturing costs, and finally

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<v Speaker 4>looking at home builders, specifically KB Homes. Today this after

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<v Speaker 4>week where Lenar reported results that disappointed markets too. KB

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<v Speaker 4>Home shares fell down eight and a half percent at

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<v Speaker 4>one point, down the most intraday since twenty twenty. This

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<v Speaker 4>after the company posted fiscal fourth quarter profit that missed

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<v Speaker 4>analyst estimates. The midpoint of the outlook range for fiscal

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<v Speaker 4>twenty twenty six housing revenue also lagged expectations KB Home

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<v Speaker 4>down eight point five percent.

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<v Speaker 1>Oh, let's take a quick check in yield, the entire

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<v Speaker 1>curve shifting higher on the day, Bob Weship pointing out

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<v Speaker 1>pretty much every key point along that curve is lower

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<v Speaker 1>on the week, including your two year yield, which is

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<v Speaker 1>higher on the day, but is now dropped for two

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<v Speaker 1>straight weeks as a lot of people continue to bet

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<v Speaker 1>on continued FED rate cuts into twenty twenty six.

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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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<v Speaker 3>M