WEBVTT - Closing Bell: Arm Soars, JetBlue Surges, Energy and Chemical Stocks Fall

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<v Speaker 1>Bloomberg Audio Studios, Podcasts, radio News.

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<v Speaker 2>This is the closing bell on the stock mover's report

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<v Speaker 2>the company's making moves at the close of US trading

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<v Speaker 2>with Carol Masser, Tim Stenoveck, Romain Bostik, and Katie Greifel.

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<v Speaker 3>All right, let's go to individual gainers and the number

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<v Speaker 3>one gainer in the Nasdaq one hundred and the number

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<v Speaker 3>three gainor in the S and P five hundred. That

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<v Speaker 3>is ARM Holdings soaring in today's session. And we did

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<v Speaker 3>see this one, of course, moving a lot higher, so

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

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<v Speaker 3>after the company will begin selling its own chips. We

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

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<v Speaker 3>going to be having meta platforms their first major customer,

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<v Speaker 3>so pretty big customer to have. ARM expecting revenue from

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<v Speaker 3>the new chip business to generate about fifteen billion dollars

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<v Speaker 3>annually within five years and total sales to reach roughly

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<v Speaker 3>twenty five billion dollars. So investors definitely liking that news.

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<v Speaker 3>Then I want to go over go over to Space

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<v Speaker 3>and Satellite Company because as a whole, we saw this

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<v Speaker 3>group move to the upside on the report of the

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<v Speaker 3>SpaceX IPO filing. So you had EchoStar up about seven

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<v Speaker 3>and a half percent, you had rocket Lab up about

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<v Speaker 3>ten percent. You also had ast space Mobile again of

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<v Speaker 3>about ten and a half percent, and then you had

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<v Speaker 3>I'm just throwing in Tesla there since this was obviously

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<v Speaker 3>related to this company, just up about three quarters of

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<v Speaker 3>a percent. But SpaceX considering a fundraising target in its

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<v Speaker 3>IPO that would dwarf the previous largest ever debut. That's

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<v Speaker 3>according to people familiar, and so we're talking about weighing

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<v Speaker 3>a ballpark figure of about seventy five billion in its IPO.

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<v Speaker 3>According to those in the know. Information had also reported

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<v Speaker 3>this earlier on this higher fundraising target. So it's really

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

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<v Speaker 3>not forget that EchoStar. It was back in September that

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<v Speaker 3>we reported out how SpaceX was buying EchoStar Spectrum for

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<v Speaker 3>seventy billion. But the whole space Space Space no pun intended.

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<v Speaker 3>I'm higher and I got to mention Jet Blue, let

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<v Speaker 3>me just call it go there. Data centers surging up

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<v Speaker 3>about thirteen percent. Here, Jeff Blue is said to be

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<v Speaker 3>considering the option of selling itself to a competitor, Semaphore

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<v Speaker 3>reporting this outsiding people familiar and that the US Airline

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<v Speaker 3>is hired advisors to explore the viability of a deal,

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<v Speaker 3>and it's considering some scenarios of a tie up, maybe

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<v Speaker 3>with United or Alaska. You know, we'll see.

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<v Speaker 4>Where this goes.

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<v Speaker 3>But we know that this has certainly been a kerry

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<v Speaker 3>that's been under pressure losses in its last reporting, so

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<v Speaker 3>certainly on our radar, up thirteen percent, way off the

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<v Speaker 3>highs of a few years ago.

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<v Speaker 5>Okay, but under pressure over the long term, yeah, whine,

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<v Speaker 5>under pressure on the short term. Are the stocks I'm

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

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<v Speaker 5>talk about some of the energy and chemical stocks falling

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<v Speaker 5>today as investors wide Iran rejecting a USC's fire proposal.

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<v Speaker 5>Valero among those, falling three percent. Valero, though a bit

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<v Speaker 5>idiosyncratic due to a refinery fire this week, on that

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<v Speaker 5>the company it is preferring to restart its Port Arthur

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<v Speaker 5>Oil refinery in Texas after shutting the plant yesterday due

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<v Speaker 5>to a fire. Reuters reported sitting two d identified people

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<v Speaker 5>familiar with operations. Those shares today falling by about three percent.

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<v Speaker 5>Also among the worst performers on a percentage basis in

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<v Speaker 5>the S and P five hundred got to throw Generak

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<v Speaker 5>holdings in there.

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<v Speaker 2>This.

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<v Speaker 5>The company fell today as investors digested what they learned

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<v Speaker 5>at an investor day, but off its lows of the session,

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<v Speaker 5>down more than six percent at one point, finished the

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<v Speaker 5>day down just shy of two percent. The company did

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<v Speaker 5>report twenty twenty eight targets that discussed developing partnerships with

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<v Speaker 5>hyper scalers during its investor Day conference. It also said

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<v Speaker 5>it would recognize reorganize into two separate reportable segments, effective

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<v Speaker 5>at the end of this month. Analysts from William Blair

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<v Speaker 5>said that investors were disappointed with the absence of a

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<v Speaker 5>hyper Scaler agreement, though they were positive about generacs at

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

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

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<v Speaker 5>my eye too, Martin Hoffman, somebody I know you guys

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<v Speaker 5>have spoken to him. We've spoken to him on our

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<v Speaker 5>program too. He's going to step down from his role.

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<v Speaker 5>He's the CEO. COO Scott MacGuire will assume the title

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<v Speaker 5>of president. The co founders Casper Capatti and David Alloman

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<v Speaker 5>will take over as co CEOs in May. The decision

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

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

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<v Speaker 5>structure could add complexity to the company's decision making process.

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<v Speaker 5>Shares fell by more than eleven percent today.

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<v Speaker 4>Yeah, that was a very diplomatic way of putting it.

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<v Speaker 5>What complexity of CEOs, plexity of other companies of co CEOs, Right.

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

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<v Speaker 4>the yield space here, because we did actually see yields

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<v Speaker 4>drop today modestly to be sure, here, but once again

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<v Speaker 4>we continue to see these almost not quite parallel, but

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<v Speaker 4>near parallel shifts in the curve.

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<v Speaker 6>Here.

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<v Speaker 4>You see there at the long end of the curve

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<v Speaker 4>still seeing the most activity with your thirty year yield,

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<v Speaker 4>and in that twenty year yield, I believe that is

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<v Speaker 4>down about four basis points.

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<v Speaker 3>All right, guys, let's get to some stories that certainly

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<v Speaker 3>caught our attention. This has to do with insurance executives

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<v Speaker 3>expecting a US recession to happen in the next two

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<v Speaker 3>next three years. Excuse me, and what they talked about

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<v Speaker 3>is an economic slowdown in political tensions as the two

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<v Speaker 3>issues that pose the greatest macroeconomic threats to their portfolios.

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<v Speaker 3>Having said that, there's still in on something that we

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<v Speaker 3>talk a lot about too.

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<v Speaker 5>Yeah, private assets. The two thirds of insurance plan to

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<v Speaker 5>increase their allocation to private assets, interest in asset, back

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<v Speaker 5>to finance and senior direct lending strategies. Insurance execs expect

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<v Speaker 5>private equity to be the best performing asset class over

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<v Speaker 5>the next twelve months, though most remain optimistic about the

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<v Speaker 5>S and P five hundred. The interesting thing here is is,

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<v Speaker 5>you know, private equity and the lack of liquidity that

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<v Speaker 5>you have with private equity. You're supposed to get paid

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<v Speaker 5>more as a result of that, but you know that's

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<v Speaker 5>the quote unquote patient capital, right.

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<v Speaker 6>Yeah, absolutely, I mean I feel like we're all learning

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<v Speaker 6>about sort of the liquid and the relative ill liquidity

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<v Speaker 6>of private credit in real time when you take a

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<v Speaker 6>look at some of these headlines. I will say, though,

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<v Speaker 6>I did want to shift gears and talk a little

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<v Speaker 6>bit about Hannah Montana, which feels like quite a departure

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<v Speaker 6>from what we're hearing from the insurance executive. So this

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<v Speaker 6>is good news for a certain subset of the population.

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<v Speaker 6>Hannah Montana's Malibu beach house will be available to rent

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<v Speaker 6>on Airbnb. I don't know if anyone else on this

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<v Speaker 6>simulcast was a Hannah Montana or a Miley Cyrus fan,

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<v Speaker 6>but she had a really you know, recognizable house, and

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<v Speaker 6>Airbnb is recreating it as part of a broader anniversary

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<v Speaker 6>push around the twentieth year of the show.

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<v Speaker 3>Well, the insurance executive said that was their third thing

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<v Speaker 3>that they were thinking about three to five years about

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<v Speaker 3>going to the Anima beach house.

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<v Speaker 6>Yeah, there's a potential thing that, you know, could avert

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<v Speaker 6>a recession perhaps.

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<v Speaker 1>Yeah, exactly right.

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<v Speaker 3>The momentum tourism.

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<v Speaker 5>Who stays there.

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<v Speaker 6>Probably millennial women.

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<v Speaker 1>Okay, you booked it already, right, No, I'm not familiar

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<v Speaker 1>with this Hannah Montana.

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

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<v Speaker 4>Did they ever determine who Hannah Montana really was?

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<v Speaker 6>It was Miley Cyrus. It was her the whole time.

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<v Speaker 4>Streets been so who lived there with a Miley Cyrus

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<v Speaker 4>or Hannah Montana both?

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<v Speaker 6>Actually, you you know, remain go on YouTube. You can

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<v Speaker 6>probably catch you know, a recap.

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<v Speaker 5>But I prefer to watch I prefer to watch this right, Okay,

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<v Speaker 5>very well.

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<v Speaker 2>This stock mover's report from Bloomberg Radio. Check back with

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