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Speaker 1: Bloomberg Audio Studios, Podcasts, radio News.

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Speaker 2: This is the closing bell on the stock mover's report

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Speaker 2: the company's making moves at the close of US trading

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Speaker 2: with Carol Masser, Tim Stenoveck, Romain Bostik, and Katie Greifel.

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Speaker 3: All right, let's go to individual gainers and the number

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Speaker 3: one gainer in the Nasdaq one hundred and the number

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Speaker 3: three gainor in the S and P five hundred. That

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Speaker 3: is ARM Holdings soaring in today's session. And we did

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Speaker 3: see this one, of course, moving a lot higher, so

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Speaker 3: we're talking about what a sixteen percent gain there. That's

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Speaker 3: after the company will begin selling its own chips. We

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Speaker 3: got this information late yesterday. It's called Agi CPU. They're

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Speaker 3: going to be having meta platforms their first major customer,

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Speaker 3: so pretty big customer to have. ARM expecting revenue from

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Speaker 3: the new chip business to generate about fifteen billion dollars

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Speaker 3: annually within five years and total sales to reach roughly

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Speaker 3: twenty five billion dollars. So investors definitely liking that news.

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Speaker 3: Then I want to go over go over to Space

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Speaker 3: and Satellite Company because as a whole, we saw this

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Speaker 3: group move to the upside on the report of the

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Speaker 3: SpaceX IPO filing. So you had EchoStar up about seven

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Speaker 3: and a half percent, you had rocket Lab up about

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Speaker 3: ten percent. You also had ast space Mobile again of

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Speaker 3: about ten and a half percent, and then you had

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Speaker 3: I'm just throwing in Tesla there since this was obviously

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Speaker 3: related to this company, just up about three quarters of

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Speaker 3: a percent. But SpaceX considering a fundraising target in its

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Speaker 3: IPO that would dwarf the previous largest ever debut. That's

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Speaker 3: according to people familiar, and so we're talking about weighing

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Speaker 3: a ballpark figure of about seventy five billion in its IPO.

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Speaker 3: According to those in the know. Information had also reported

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Speaker 3: this earlier on this higher fundraising target. So it's really

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Speaker 3: fascinating to see. But all of these companies, and let's

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Speaker 3: not forget that EchoStar. It was back in September that

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Speaker 3: we reported out how SpaceX was buying EchoStar Spectrum for

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Speaker 3: seventy billion. But the whole space Space Space no pun intended.

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Speaker 3: I'm higher and I got to mention Jet Blue, let

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Speaker 3: me just call it go there. Data centers surging up

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Speaker 3: about thirteen percent. Here, Jeff Blue is said to be

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Speaker 3: considering the option of selling itself to a competitor, Semaphore

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Speaker 3: reporting this outsiding people familiar and that the US Airline

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Speaker 3: is hired advisors to explore the viability of a deal,

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Speaker 3: and it's considering some scenarios of a tie up, maybe

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Speaker 3: with United or Alaska. You know, we'll see.

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Speaker 4: Where this goes.

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Speaker 3: But we know that this has certainly been a kerry

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Speaker 3: that's been under pressure losses in its last reporting, so

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Speaker 3: certainly on our radar, up thirteen percent, way off the

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Speaker 3: highs of a few years ago.

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Speaker 5: Okay, but under pressure over the long term, yeah, whine,

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Speaker 5: under pressure on the short term. Are the stocks I'm

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Speaker 5: going to talk about right now, Okay, go there. Let's

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Speaker 5: talk about some of the energy and chemical stocks falling

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Speaker 5: today as investors wide Iran rejecting a USC's fire proposal.

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Speaker 5: Valero among those, falling three percent. Valero, though a bit

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Speaker 5: idiosyncratic due to a refinery fire this week, on that

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Speaker 5: the company it is preferring to restart its Port Arthur

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Speaker 5: Oil refinery in Texas after shutting the plant yesterday due

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Speaker 5: to a fire. Reuters reported sitting two d identified people

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Speaker 5: familiar with operations. Those shares today falling by about three percent.

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Speaker 5: Also among the worst performers on a percentage basis in

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Speaker 5: the S and P five hundred got to throw Generak

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Speaker 5: holdings in there.

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Speaker 2: This.

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Speaker 5: The company fell today as investors digested what they learned

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Speaker 5: at an investor day, but off its lows of the session,

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Speaker 5: down more than six percent at one point, finished the

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Speaker 5: day down just shy of two percent. The company did

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Speaker 5: report twenty twenty eight targets that discussed developing partnerships with

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Speaker 5: hyper scalers during its investor Day conference. It also said

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Speaker 5: it would recognize reorganize into two separate reportable segments, effective

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Speaker 5: at the end of this month. Analysts from William Blair

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Speaker 5: said that investors were disappointed with the absence of a

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Speaker 5: hyper Scaler agreement, though they were positive about generacs at

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Speaker 5: backlog growth and guidance. And finally, let's talk shoes on

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Speaker 5: holdings falling more than eleven percent today. Yeah, I'm wearing

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Speaker 5: my eye too, Martin Hoffman, somebody I know you guys

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Speaker 5: have spoken to him. We've spoken to him on our

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Speaker 5: program too. He's going to step down from his role.

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Speaker 5: He's the CEO. COO Scott MacGuire will assume the title

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Speaker 5: of president. The co founders Casper Capatti and David Alloman

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Speaker 5: will take over as co CEOs in May. The decision

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Speaker 5: designed to preserve On's quote entrepreneurial speed. It was made mutually.

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Speaker 5: That's according to the company analysts. They'll say co CEO

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Speaker 5: structure could add complexity to the company's decision making process.

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Speaker 5: Shares fell by more than eleven percent today.

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Speaker 4: Yeah, that was a very diplomatic way of putting it.

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Speaker 5: What complexity of CEOs, plexity of other companies of co CEOs, Right.

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Speaker 4: That's true, not very good ones. Let's check in on

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Speaker 4: the yield space here, because we did actually see yields

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Speaker 4: drop today modestly to be sure, here, but once again

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Speaker 4: we continue to see these almost not quite parallel, but

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Speaker 4: near parallel shifts in the curve.

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Speaker 6: Here.

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Speaker 4: You see there at the long end of the curve

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Speaker 4: still seeing the most activity with your thirty year yield,

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Speaker 4: and in that twenty year yield, I believe that is

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Speaker 4: down about four basis points.

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Speaker 3: All right, guys, let's get to some stories that certainly

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Speaker 3: caught our attention. This has to do with insurance executives

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Speaker 3: expecting a US recession to happen in the next two

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Speaker 3: next three years. Excuse me, and what they talked about

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Speaker 3: is an economic slowdown in political tensions as the two

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Speaker 3: issues that pose the greatest macroeconomic threats to their portfolios.

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Speaker 3: Having said that, there's still in on something that we

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Speaker 3: talk a lot about too.

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Speaker 5: Yeah, private assets. The two thirds of insurance plan to

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Speaker 5: increase their allocation to private assets, interest in asset, back

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Speaker 5: to finance and senior direct lending strategies. Insurance execs expect

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Speaker 5: private equity to be the best performing asset class over

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Speaker 5: the next twelve months, though most remain optimistic about the

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Speaker 5: S and P five hundred. The interesting thing here is is,

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Speaker 5: you know, private equity and the lack of liquidity that

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Speaker 5: you have with private equity. You're supposed to get paid

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Speaker 5: more as a result of that, but you know that's

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Speaker 5: the quote unquote patient capital, right.

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Speaker 6: Yeah, absolutely, I mean I feel like we're all learning

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Speaker 6: about sort of the liquid and the relative ill liquidity

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Speaker 6: of private credit in real time when you take a

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Speaker 6: look at some of these headlines. I will say, though,

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Speaker 6: I did want to shift gears and talk a little

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Speaker 6: bit about Hannah Montana, which feels like quite a departure

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Speaker 6: from what we're hearing from the insurance executive. So this

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Speaker 6: is good news for a certain subset of the population.

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Speaker 6: Hannah Montana's Malibu beach house will be available to rent

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Speaker 6: on Airbnb. I don't know if anyone else on this

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Speaker 6: simulcast was a Hannah Montana or a Miley Cyrus fan,

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Speaker 6: but she had a really you know, recognizable house, and

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Speaker 6: Airbnb is recreating it as part of a broader anniversary

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Speaker 6: push around the twentieth year of the show.

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Speaker 3: Well, the insurance executive said that was their third thing

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Speaker 3: that they were thinking about three to five years about

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Speaker 3: going to the Anima beach house.

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Speaker 6: Yeah, there's a potential thing that, you know, could avert

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Speaker 6: a recession perhaps.

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Speaker 1: Yeah, exactly right.

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Speaker 3: The momentum tourism.

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Speaker 5: Who stays there.

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Speaker 6: Probably millennial women.

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Speaker 1: Okay, you booked it already, right, No, I'm not familiar

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Speaker 1: with this Hannah Montana.

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Speaker 6: Hannah Montana, Miley Cyrus. Uh, you know, she's an icon OFVLE.

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Speaker 4: Did they ever determine who Hannah Montana really was?

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Speaker 6: It was Miley Cyrus. It was her the whole time.

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Speaker 4: Streets been so who lived there with a Miley Cyrus

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Speaker 4: or Hannah Montana both?

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Speaker 6: Actually, you you know, remain go on YouTube. You can

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Speaker 6: probably catch you know, a recap.

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Speaker 5: But I prefer to watch I prefer to watch this right, Okay,

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Speaker 5: very well.

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Speaker 2: This stock mover's report from Bloomberg Radio. Check back with

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Speaker 2: us throughout the day for the latest roundup of companies

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Speaker 2: making news on Wall Street and for the latest market

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