WEBVTT - General Mills Rises, Oracle Falls, Nvidia Drops on News of OpenAI, Amazon Talks

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<v Speaker 1>Bloomberg Audio Studios, podcasts, radio news. The Stock Movers report,

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<v Speaker 1>your roundup of companies making moves in the stock market,

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<v Speaker 1>harnessing the power of Bloomberg Dataska. Look at some of

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<v Speaker 1>the stocks on the move today.

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<v Speaker 2>I'm Paul Swing alongside Scarlet the Food were joined by

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

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<v Speaker 2>So the first thing I'm looking at today is General

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<v Speaker 2>Mills ticker gis SO. Shares are up about one and

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<v Speaker 2>a half percent right now, so this is off highs

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<v Speaker 2>of the day. But so what happened is the company

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<v Speaker 2>reported sales that beat Wall Street expectations, really signaling that

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<v Speaker 2>a strategy to improve packaging and marketing while lowering prices

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<v Speaker 2>is paying off. The company also made some comments about

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<v Speaker 2>economically strained consumers, so basically they said that they're seeing

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<v Speaker 2>those consumers making more purchases on sale than at regular prices.

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

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<v Speaker 2>They also reported that there's been an increase in cooking

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<v Speaker 2>at home among value shoppers, so it's pushed some of

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<v Speaker 2>the sales to things like Betty Crocker, you know the

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<v Speaker 2>thing that you make at home versus you know, maybe

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<v Speaker 2>the Cheerios HoneyNet Cheerio guy big time.

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<v Speaker 1>Oh, we have that.

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<v Speaker 2>We have that on the six six floor.

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

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<v Speaker 1>of that wave of consumers seeking about label. Yeah, there

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<v Speaker 1>you go. All right, let's talk some AI carmen.

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<v Speaker 2>Yeah, a lot of movement in the AI stocks today.

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<v Speaker 2>So let's look at Oracle first. It's down four and

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<v Speaker 2>a half percent today. So the company said final negotiations

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<v Speaker 2>on an equity deal for a data center project in

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<v Speaker 2>Michigan didn't include Blue Owl Capital. So this is a

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<v Speaker 2>firm that's helped finance a lot of major data center

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<v Speaker 2>projects for other firms other than Oracle, including like Meta Platforms.

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<v Speaker 2>So they said that it doesn't include Blue Owl, but

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<v Speaker 2>that overall negotiations on are on schedule. Their development partner,

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<v Speaker 2>Related Digital, said that they chose the best equity partner

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<v Speaker 2>from a competitive group of options, which in this instance

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<v Speaker 2>was not Blue Owl.

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<v Speaker 1>N Video.

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

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<v Speaker 2>So it's down right now about two percent, which is

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<v Speaker 2>a ninety one ninety two billion dollar move in the stock.

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<v Speaker 2>I always like to point that out because even the

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

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<v Speaker 2>open AIS and discussions to raise at least ten billion

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<v Speaker 2>dollars from Amazon and use its chips, which is a major,

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<v Speaker 2>major competition for inn video. So they have been using

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<v Speaker 2>in video chips, but the deal under discussion would open

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

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<v Speaker 2>They're not just going to use one kind of chip,

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<v Speaker 2>but yeah, definitely sort of ramps up some competition for

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<v Speaker 2>in video.

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<v Speaker 1>The Stock Mover's report from Bloomberg Radio. Check back with

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