WEBVTT - Nvidia Drops, Paramount Skydance Rises, Estee Lauder Gains After Ratings Upgrade 

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<v Speaker 1>Bloomberg Audio Studios, podcasts, radio news.

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<v Speaker 2>The Stock Movers Report, your roundup of companies making moves

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<v Speaker 2>in the stock market, harnessing the power of Bloomberg Data.

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<v Speaker 1>Take a look at some of the stocks on the

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<v Speaker 1>move Today'm all swinging alongside Scarlett Flulh and we're joined

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<v Speaker 1>by Bloombergh. Christine, you know, Christine, what are you looking at? Well, Paul,

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<v Speaker 1>let's start with the red today, shall we. That is

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<v Speaker 1>in video. Of course, it's been all over the news

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<v Speaker 1>this morning, so it took her. NVDA, those sharps are

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<v Speaker 1>down more than two percent, so we know right that.

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<v Speaker 1>The headline is Soft Banks selling its entire stake in

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<v Speaker 1>Nvidia to bankroll their own AI investments. Now, to put

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<v Speaker 1>it into context, though the steak is worth five point

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<v Speaker 1>eight billion dollars. That's kind of a drop in the

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<v Speaker 1>bucket though, Like for us normal folks, it's a lot

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<v Speaker 1>of money, you know, like I can retire off of that,

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<v Speaker 1>but for these companies it's it's not really that much,

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<v Speaker 1>you know. And Soft Banks saying that they do have

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<v Speaker 1>a lot of projects they want to fund their stargate

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<v Speaker 1>data centers, AI robo manufacturing sites, and so this is

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<v Speaker 1>mainly a necessary financing measure. Very interesting though, because their

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<v Speaker 1>executives were asked, is this you try to stave off

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<v Speaker 1>an AI bubble trying to prepare for that? But they

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<v Speaker 1>kind of sidestepped the questions, CFO Yoshimitsu Goto of Soft

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<v Speaker 1>Banks saying that they can't say whether we're in an

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<v Speaker 1>A bubble or not or not. But this measure is

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<v Speaker 1>merely a financing step, right. If nothing else, it shows

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<v Speaker 1>how much capital is needed to chase AI investments. Let's

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<v Speaker 1>take a look at Paramount's guidance, which I initially typed

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<v Speaker 1>in PA r A but realized that's changed. It's changed

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<v Speaker 1>new Tiger exactly. It's a good peace guy. Yeah, it's

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<v Speaker 1>very It rolls off the timeously, but yes, Paramo's guy.

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<v Speaker 1>Dance peace guy. Those chairs are doing well this morning,

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<v Speaker 1>up more than eleven percent now, so extending some of

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<v Speaker 1>their opening gains there. And again we saw their financial

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<v Speaker 1>report results for the first time since then new investor

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<v Speaker 1>group took over in August. You know, the third quarter

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<v Speaker 1>revenue I'm missing a little bit six point seven billion

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<v Speaker 1>versus analysts forecast for six point eight seven billion. But

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<v Speaker 1>the good news here really is the fact that they

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<v Speaker 1>are raising their cost savings goal it is now three

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<v Speaker 1>billion dollars. They're also planning an additional sixteen hundred person

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<v Speaker 1>workforce reduction, and analysts also commentating on some of the

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<v Speaker 1>errors that they're investing in, so Bloomer Intelligence saying that

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<v Speaker 1>they're really trying to ramp up their investment in content,

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<v Speaker 1>which is going to be a good generator of future revenue.

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<v Speaker 1>And JP Morgan also noting that their main priority at

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<v Speaker 1>the moment is direct to consumer services and that's really

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<v Speaker 1>going to be important in driving engagement and higher quality growth.

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<v Speaker 1>And so they are optimistic in the companies of future

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<v Speaker 1>prospects here and they are they going to buy Slash

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<v Speaker 1>merge with Warner Brothers Discovery.

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<v Speaker 2>That's a big question.

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<v Speaker 1>That's still a big question unanswered right now. Yeah, Yes,

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<v Speaker 1>esday Water. Yeah, let's take a look at Estay later

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<v Speaker 1>as well. So taker el those chairs doing well today.

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<v Speaker 1>They're up six tenth to one percent, so slightly lower

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<v Speaker 1>from their opening games of nearly one percent, but they're

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<v Speaker 1>still up because Argus raised their recognition for the company

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<v Speaker 1>to buy from Holt. They also raise their aps estimates

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<v Speaker 1>for twenty twenty six and twenty twenty seven, and the

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<v Speaker 1>strategists aregus saying that you know, their management has increased

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<v Speaker 1>innovation significantly and they're entering new channels Amazon Premium, Beauty

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<v Speaker 1>for an Alta, all kind of open for the company

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<v Speaker 1>at the moment in terms of where they put their products.

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<v Speaker 1>We did get results from the essay Lauder not too

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<v Speaker 1>long ago at the end of October. Those beat expectations,

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<v Speaker 1>but the Asia Pacific net sales missed estimates, and so

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<v Speaker 1>now investors are going to be looking forward to their

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<v Speaker 1>annual meeting, which is coming up on Thursday.

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