Speaker 1: Bloomberg Audio Studios, Podcasts, radio News.
Speaker 2: This is the closing bell on the stock mover's report
Speaker 2: the company's making moves at the close of US trading
Speaker 2: with Carol Masser, Tim Stenoveck, Romain Bostik, and Katie Greifel.
Speaker 3: All right, let's go to individual gainers and the number
Speaker 3: one gainer in the Nasdaq one hundred and the number
Speaker 3: three gainor in the S and P five hundred. That
Speaker 3: is ARM Holdings soaring in today's session. And we did
Speaker 3: see this one, of course, moving a lot higher, so
Speaker 3: we're talking about what a sixteen percent gain there. That's
Speaker 3: after the company will begin selling its own chips. We
Speaker 3: got this information late yesterday. It's called Agi CPU. They're
Speaker 3: going to be having meta platforms their first major customer,
Speaker 3: so pretty big customer to have. ARM expecting revenue from
Speaker 3: the new chip business to generate about fifteen billion dollars
Speaker 3: annually within five years and total sales to reach roughly
Speaker 3: twenty five billion dollars. So investors definitely liking that news.
Speaker 3: Then I want to go over go over to Space
Speaker 3: and Satellite Company because as a whole, we saw this
Speaker 3: group move to the upside on the report of the
Speaker 3: SpaceX IPO filing. So you had EchoStar up about seven
Speaker 3: and a half percent, you had rocket Lab up about
Speaker 3: ten percent. You also had ast space Mobile again of
Speaker 3: about ten and a half percent, and then you had
Speaker 3: I'm just throwing in Tesla there since this was obviously
Speaker 3: related to this company, just up about three quarters of
Speaker 3: a percent. But SpaceX considering a fundraising target in its
Speaker 3: IPO that would dwarf the previous largest ever debut. That's
Speaker 3: according to people familiar, and so we're talking about weighing
Speaker 3: a ballpark figure of about seventy five billion in its IPO.
Speaker 3: According to those in the know. Information had also reported
Speaker 3: this earlier on this higher fundraising target. So it's really
Speaker 3: fascinating to see. But all of these companies, and let's
Speaker 3: not forget that EchoStar. It was back in September that
Speaker 3: we reported out how SpaceX was buying EchoStar Spectrum for
Speaker 3: seventy billion. But the whole space Space Space no pun intended.
Speaker 3: I'm higher and I got to mention Jet Blue, let
Speaker 3: me just call it go there. Data centers surging up
Speaker 3: about thirteen percent. Here, Jeff Blue is said to be
Speaker 3: considering the option of selling itself to a competitor, Semaphore
Speaker 3: reporting this outsiding people familiar and that the US Airline
Speaker 3: is hired advisors to explore the viability of a deal,
Speaker 3: and it's considering some scenarios of a tie up, maybe
Speaker 3: with United or Alaska. You know, we'll see.
Speaker 4: Where this goes.
Speaker 3: But we know that this has certainly been a kerry
Speaker 3: that's been under pressure losses in its last reporting, so
Speaker 3: certainly on our radar, up thirteen percent, way off the
Speaker 3: highs of a few years ago.
Speaker 5: Okay, but under pressure over the long term, yeah, whine,
Speaker 5: under pressure on the short term. Are the stocks I'm
Speaker 5: going to talk about right now, Okay, go there. Let's
Speaker 5: talk about some of the energy and chemical stocks falling
Speaker 5: today as investors wide Iran rejecting a USC's fire proposal.
Speaker 5: Valero among those, falling three percent. Valero, though a bit
Speaker 5: idiosyncratic due to a refinery fire this week, on that
Speaker 5: the company it is preferring to restart its Port Arthur
Speaker 5: Oil refinery in Texas after shutting the plant yesterday due
Speaker 5: to a fire. Reuters reported sitting two d identified people
Speaker 5: familiar with operations. Those shares today falling by about three percent.
Speaker 5: Also among the worst performers on a percentage basis in
Speaker 5: the S and P five hundred got to throw Generak
Speaker 5: holdings in there.
Speaker 2: This.
Speaker 5: The company fell today as investors digested what they learned
Speaker 5: at an investor day, but off its lows of the session,
Speaker 5: down more than six percent at one point, finished the
Speaker 5: day down just shy of two percent. The company did
Speaker 5: report twenty twenty eight targets that discussed developing partnerships with
Speaker 5: hyper scalers during its investor Day conference. It also said
Speaker 5: it would recognize reorganize into two separate reportable segments, effective
Speaker 5: at the end of this month. Analysts from William Blair
Speaker 5: said that investors were disappointed with the absence of a
Speaker 5: hyper Scaler agreement, though they were positive about generacs at
Speaker 5: backlog growth and guidance. And finally, let's talk shoes on
Speaker 5: holdings falling more than eleven percent today. Yeah, I'm wearing
Speaker 5: my eye too, Martin Hoffman, somebody I know you guys
Speaker 5: have spoken to him. We've spoken to him on our
Speaker 5: program too. He's going to step down from his role.
Speaker 5: He's the CEO. COO Scott MacGuire will assume the title
Speaker 5: of president. The co founders Casper Capatti and David Alloman
Speaker 5: will take over as co CEOs in May. The decision
Speaker 5: designed to preserve On's quote entrepreneurial speed. It was made mutually.
Speaker 5: That's according to the company analysts. They'll say co CEO
Speaker 5: structure could add complexity to the company's decision making process.
Speaker 5: Shares fell by more than eleven percent today.
Speaker 4: Yeah, that was a very diplomatic way of putting it.
Speaker 5: What complexity of CEOs, plexity of other companies of co CEOs, Right.
Speaker 4: That's true, not very good ones. Let's check in on
Speaker 4: the yield space here, because we did actually see yields
Speaker 4: drop today modestly to be sure, here, but once again
Speaker 4: we continue to see these almost not quite parallel, but
Speaker 4: near parallel shifts in the curve.
Speaker 6: Here.
Speaker 4: You see there at the long end of the curve
Speaker 4: still seeing the most activity with your thirty year yield,
Speaker 4: and in that twenty year yield, I believe that is
Speaker 4: down about four basis points.
Speaker 3: All right, guys, let's get to some stories that certainly
Speaker 3: caught our attention. This has to do with insurance executives
Speaker 3: expecting a US recession to happen in the next two
Speaker 3: next three years. Excuse me, and what they talked about
Speaker 3: is an economic slowdown in political tensions as the two
Speaker 3: issues that pose the greatest macroeconomic threats to their portfolios.
Speaker 3: Having said that, there's still in on something that we
Speaker 3: talk a lot about too.
Speaker 5: Yeah, private assets. The two thirds of insurance plan to
Speaker 5: increase their allocation to private assets, interest in asset, back
Speaker 5: to finance and senior direct lending strategies. Insurance execs expect
Speaker 5: private equity to be the best performing asset class over
Speaker 5: the next twelve months, though most remain optimistic about the
Speaker 5: S and P five hundred. The interesting thing here is is,
Speaker 5: you know, private equity and the lack of liquidity that
Speaker 5: you have with private equity. You're supposed to get paid
Speaker 5: more as a result of that, but you know that's
Speaker 5: the quote unquote patient capital, right.
Speaker 6: Yeah, absolutely, I mean I feel like we're all learning
Speaker 6: about sort of the liquid and the relative ill liquidity
Speaker 6: of private credit in real time when you take a
Speaker 6: look at some of these headlines. I will say, though,
Speaker 6: I did want to shift gears and talk a little
Speaker 6: bit about Hannah Montana, which feels like quite a departure
Speaker 6: from what we're hearing from the insurance executive. So this
Speaker 6: is good news for a certain subset of the population.
Speaker 6: Hannah Montana's Malibu beach house will be available to rent
Speaker 6: on Airbnb. I don't know if anyone else on this
Speaker 6: simulcast was a Hannah Montana or a Miley Cyrus fan,
Speaker 6: but she had a really you know, recognizable house, and
Speaker 6: Airbnb is recreating it as part of a broader anniversary
Speaker 6: push around the twentieth year of the show.
Speaker 3: Well, the insurance executive said that was their third thing
Speaker 3: that they were thinking about three to five years about
Speaker 3: going to the Anima beach house.
Speaker 6: Yeah, there's a potential thing that, you know, could avert
Speaker 6: a recession perhaps.
Speaker 1: Yeah, exactly right.
Speaker 3: The momentum tourism.
Speaker 5: Who stays there.
Speaker 6: Probably millennial women.
Speaker 1: Okay, you booked it already, right, No, I'm not familiar
Speaker 1: with this Hannah Montana.
Speaker 6: Hannah Montana, Miley Cyrus. Uh, you know, she's an icon OFVLE.
Speaker 4: Did they ever determine who Hannah Montana really was?
Speaker 6: It was Miley Cyrus. It was her the whole time.
Speaker 4: Streets been so who lived there with a Miley Cyrus
Speaker 4: or Hannah Montana both?
Speaker 6: Actually, you you know, remain go on YouTube. You can
Speaker 6: probably catch you know, a recap.
Speaker 5: But I prefer to watch I prefer to watch this right, Okay,
Speaker 5: very well.
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