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Speaker 1: Bloomberg Audio Studios, podcasts, radio news.

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Speaker 2: This is the closing bell on this 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 Master, Tim Stenebeck, Romain Bostick, and Scarlet Food.

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Speaker 3: We did have one hundred and fifty six stocks advance

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Speaker 3: in the SMP for one hundred and forty six on

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Speaker 3: the downside, despite the fact that it closed down six

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Speaker 3: tenths of one percent.

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Speaker 4: Yeah, but when you look at the imapp and you

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Speaker 4: look at the size of the different sectors, there's a

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Speaker 4: reason why the SMP five hundred closed down even though

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Speaker 4: there are seven sectors in the green and only four

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Speaker 4: in the red. The ones that are in the red

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Speaker 4: tech biggest sector in the s and P five hundred

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Speaker 4: right a third of the SMP. Communications services makes up

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Speaker 4: about ten percent, the s and P five hundred Consumer

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Speaker 4: discretionary makes up ten and a half percent. Those are

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Speaker 4: your leading decliners, and communication services in tech each down

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Speaker 4: more than one percent. Reads consumer staples at utilities, some

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Speaker 4: of your smaller sectors, they're leading the games today.

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Speaker 3: Well, speaking of gains, I do want to start with

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Speaker 3: Intel shares surging after soft Bank agreed to buy two

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Speaker 3: billion dollars of the company's stock, up seven percent at

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Speaker 3: the end of the day today. Analysts see this news

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Speaker 3: as positive, but continue to see a number of questions

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Speaker 3: surrounding the company's prospects. Commerce Secretary Howard Lutnik was on

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Speaker 3: CNBC earlier today. He confirmed discussions between the US and

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Speaker 3: Intel for the government to take a stake in Intel,

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Speaker 3: but he cast the plan as a bid to convert

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Speaker 3: chips and science acted grants into equity. So, as Carol

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Speaker 3: always says, the devil is into details and we'll wait

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Speaker 3: to see those details. Also, Palo Alto Networks going rising

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Speaker 3: in today's trade. The company reported stronger than expected annual forecast.

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Speaker 3: The company seeks to provide customers with a bundle of

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Speaker 3: AI enabled cybersecurity products to fend off attack. Shares hired

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Speaker 3: today by three percent, Palo Alto Network CEO said, quote,

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Speaker 3: in this new era, security is no longer a bolt on,

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Speaker 3: and then it integrated a best to beat platforms deliver

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Speaker 3: superior security outcomes, according to him, And how about a

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Speaker 3: little meet merger news on this Tuesday and watching what

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Speaker 3: happened to with shares of Tegna today, Because next to

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Speaker 3: our Media Group agreed to buy Tagna for three point

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Speaker 3: five billion dollars in an all cash takeover. Investors certainly

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Speaker 3: liked that, up four point three percent throughout the day. Today,

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Speaker 3: the deal values Tegna twenty two dollars a share, trading

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Speaker 3: just shy of that, but it is a forty four

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Speaker 3: percent premium to the company stock price on August eighth,

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Speaker 3: and including debt and transaction fees at pase, values Tegna

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Speaker 3: at six point two billion dollars. Emily all right, Well.

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Speaker 5: Tech stocks were certainly amongst the biggest decliners of the day.

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Speaker 5: Oracle was one of them that I chose to highlight.

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Speaker 5: It fell about six percent. It was the biggest drop

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Speaker 5: since April. Trading volume was also about seventy seven percent

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Speaker 5: above the average for the time of the market close.

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Speaker 5: We got news a few days ago that they're longtime

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Speaker 5: chief security officer, one of the highest ranking women in

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Speaker 5: the cybersecurity industry, is leaving the company as part of

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Speaker 5: a recent reorganization. Perhaps that's weighing on the shares a

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Speaker 5: little bit today. Davidson. She joined Oracle in nineteen eighty eight. Additionally,

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Speaker 5: when it comes to Oracle specific news, Bloomberg News recently

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Speaker 5: reported that they're cutting jobs as the company takes steps

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Speaker 5: to control costs amid heavy spending on AI infrastructure. So

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Speaker 5: we talk a lot about this AI theme and spending,

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Speaker 5: but here it is maybe there was too much money

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Speaker 5: and investors are taking note of that. I'm also watching

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Speaker 5: shares of Viking Therapeutics. This was a big drop today

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Speaker 5: after the company's experimental obesity pill disappointed investors in a

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Speaker 5: mid stage study. You look at the shares closing down

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Speaker 5: forty two percent. Obviously a lot of companies here racing

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Speaker 5: to make those weight loss pills. Vikings pill did help

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Speaker 5: patients lose up to twelve point two percent of their

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Speaker 5: body weight, according to a statement from Viking, but almost

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Speaker 5: a third of the patients dropped out of the trial

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Speaker 5: in just three months. It seems like investors hanging on

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Speaker 5: to that. And then finally I finished with a company

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Speaker 5: you guys may have heard of. Video Trading volume was

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Speaker 5: about twenty one percent above the twenty day average. It

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Speaker 5: was leading losses in the market today and it was

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Speaker 5: actually the biggest full day drop since April twenty first

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Speaker 5: for this chip company. It was down almost four percent,

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Speaker 5: all right.

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Speaker 1: And we should to point out too. Not all the

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Speaker 1: activity was in the equity market. We did see activity

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Speaker 1: in treasuries. Coming off three straight days of actual price declines,

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Speaker 1: we saw an increase in treasury prices across the curve,

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Speaker 1: pushing yields down all across the curve of just about

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Speaker 1: one basis point on the short end and three basis

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Speaker 1: points when you get out to your ten and thirty

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Speaker 1: year yields.

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