Speaker 1: Bloomberg Audio Studios, podcasts, radio news. The Stock Movers report,
Speaker 1: your roundup of companies making moves in the stock market,
Speaker 1: harnessing the power of Bloomberg Dataska. Look at some of
Speaker 1: the stocks on the move today.
Speaker 2: I'm Paul Swing alongside Scarlet the Food were joined by
Speaker 2: Bloomer's Carmon Ryanikey, Carmen. What are you looking at? Yeah,
Speaker 2: So the first thing I'm looking at today is General
Speaker 2: Mills ticker gis SO. Shares are up about one and
Speaker 2: a half percent right now, so this is off highs
Speaker 2: of the day. But so what happened is the company
Speaker 2: reported sales that beat Wall Street expectations, really signaling that
Speaker 2: a strategy to improve packaging and marketing while lowering prices
Speaker 2: is paying off. The company also made some comments about
Speaker 2: economically strained consumers, so basically they said that they're seeing
Speaker 2: those consumers making more purchases on sale than at regular prices.
Speaker 2: They own Cheerio's, Betty Crocker, and Old El Paso brands.
Speaker 2: They also reported that there's been an increase in cooking
Speaker 2: at home among value shoppers, so it's pushed some of
Speaker 2: the sales to things like Betty Crocker, you know the
Speaker 2: thing that you make at home versus you know, maybe
Speaker 2: the Cheerios HoneyNet Cheerio guy big time.
Speaker 1: Oh, we have that.
Speaker 2: We have that on the six six floor.
Speaker 1: I go for the generic ones, don't. Yeah, I'm part
Speaker 1: of that wave of consumers seeking about label. Yeah, there
Speaker 1: you go. All right, let's talk some AI carmen.
Speaker 2: Yeah, a lot of movement in the AI stocks today.
Speaker 2: So let's look at Oracle first. It's down four and
Speaker 2: a half percent today. So the company said final negotiations
Speaker 2: on an equity deal for a data center project in
Speaker 2: Michigan didn't include Blue Owl Capital. So this is a
Speaker 2: firm that's helped finance a lot of major data center
Speaker 2: projects for other firms other than Oracle, including like Meta Platforms.
Speaker 2: So they said that it doesn't include Blue Owl, but
Speaker 2: that overall negotiations on are on schedule. Their development partner,
Speaker 2: Related Digital, said that they chose the best equity partner
Speaker 2: from a competitive group of options, which in this instance
Speaker 2: was not Blue Owl.
Speaker 1: N Video.
Speaker 2: Yes, what's happening there in video. We're also seeing fall today.
Speaker 2: So it's down right now about two percent, which is
Speaker 2: a ninety one ninety two billion dollar move in the stock.
Speaker 2: I always like to point that out because even the
Speaker 2: percent doesn't so massive. Yeah, so it's very significant. So
Speaker 2: open AIS and discussions to raise at least ten billion
Speaker 2: dollars from Amazon and use its chips, which is a major,
Speaker 2: major competition for inn video. So they have been using
Speaker 2: in video chips, but the deal under discussion would open
Speaker 2: would use Amazon's Traanium chip and probably you know, in conjunction, right,
Speaker 2: They're not just going to use one kind of chip,
Speaker 2: but yeah, definitely sort of ramps up some competition for
Speaker 2: in video.
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