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Speaker 1: Bloomberg Audio Studios, podcasts, radio news. The Stock Movers report,

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Speaker 1: your roundup of companies making moves in the stock market,

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Speaker 1: harnessing the power of Bloomberg Dataska. Look at some of

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Speaker 1: the stocks on the move today.

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Speaker 2: I'm Paul Swing alongside Scarlet the Food were joined by

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Speaker 2: Bloomer's Carmon Ryanikey, Carmen. What are you looking at? Yeah,

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Speaker 2: So the first thing I'm looking at today is General

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Speaker 2: Mills ticker gis SO. Shares are up about one and

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Speaker 2: a half percent right now, so this is off highs

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Speaker 2: of the day. But so what happened is the company

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Speaker 2: reported sales that beat Wall Street expectations, really signaling that

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Speaker 2: a strategy to improve packaging and marketing while lowering prices

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Speaker 2: is paying off. The company also made some comments about

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Speaker 2: economically strained consumers, so basically they said that they're seeing

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Speaker 2: those consumers making more purchases on sale than at regular prices.

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Speaker 2: They own Cheerio's, Betty Crocker, and Old El Paso brands.

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Speaker 2: They also reported that there's been an increase in cooking

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Speaker 2: at home among value shoppers, so it's pushed some of

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Speaker 2: the sales to things like Betty Crocker, you know the

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Speaker 2: thing that you make at home versus you know, maybe

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Speaker 2: the Cheerios HoneyNet Cheerio guy big time.

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Speaker 1: Oh, we have that.

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Speaker 2: We have that on the six six floor.

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Speaker 1: I go for the generic ones, don't. Yeah, I'm part

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Speaker 1: of that wave of consumers seeking about label. Yeah, there

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Speaker 1: you go. All right, let's talk some AI carmen.

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Speaker 2: Yeah, a lot of movement in the AI stocks today.

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Speaker 2: So let's look at Oracle first. It's down four and

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Speaker 2: a half percent today. So the company said final negotiations

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Speaker 2: on an equity deal for a data center project in

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Speaker 2: Michigan didn't include Blue Owl Capital. So this is a

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Speaker 2: firm that's helped finance a lot of major data center

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Speaker 2: projects for other firms other than Oracle, including like Meta Platforms.

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Speaker 2: So they said that it doesn't include Blue Owl, but

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Speaker 2: that overall negotiations on are on schedule. Their development partner,

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Speaker 2: Related Digital, said that they chose the best equity partner

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Speaker 2: from a competitive group of options, which in this instance

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Speaker 2: was not Blue Owl.

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Speaker 1: N Video.

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Speaker 2: Yes, what's happening there in video. We're also seeing fall today.

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Speaker 2: So it's down right now about two percent, which is

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Speaker 2: a ninety one ninety two billion dollar move in the stock.

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Speaker 2: I always like to point that out because even the

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Speaker 2: percent doesn't so massive. Yeah, so it's very significant. So

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Speaker 2: open AIS and discussions to raise at least ten billion

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Speaker 2: dollars from Amazon and use its chips, which is a major,

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Speaker 2: major competition for inn video. So they have been using

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Speaker 2: in video chips, but the deal under discussion would open

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Speaker 2: would use Amazon's Traanium chip and probably you know, in conjunction, right,

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Speaker 2: They're not just going to use one kind of chip,

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Speaker 2: but yeah, definitely sort of ramps up some competition for

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Speaker 2: in video.

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Speaker 1: The Stock Mover's report from Bloomberg Radio. Check back with

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Speaker 1: us throughout the day for the latest roundup of companies

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Speaker 1: making news on Wall Street and for the latest market

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Speaker 1: moving headlines. Listen to Bloomberg Radio Live, catch us on YouTube,

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