Speaker 1: Bloomberg Audio Studios, podcasts, radio News.
Speaker 2: The Stock Movers Report, your roundup of companies making moves
Speaker 2: in the stock market, harnessing the power of Bloomberg Data.
Speaker 1: I'm Carol Masser along with Tim Stanwick. Let's get to
Speaker 1: some stocks on the move on this Friday. Bloomberg News
Speaker 1: Equities reporter at Alexandra Semenova in the house, alex Rischell.
Speaker 1: We begin.
Speaker 3: We got to start with Apple, guys, because there is
Speaker 3: a big scoop right now from none other than our
Speaker 3: own Mark German. On this Apple has developed a chat
Speaker 3: GPT like iPhone app to help test and prepare for
Speaker 3: a long anticipated overhaul of Siri. The company's AI division
Speaker 3: is using the app to evaluate new features for Siri,
Speaker 3: Apple's voice powered assistant. Of course, that includes testing the
Speaker 3: ability to search through personal data such as songs and email,
Speaker 3: and perform in app actions. But at this point it's
Speaker 3: just going to the Apple employees test the app, so
Speaker 3: not accessible yet to people like ourselves.
Speaker 1: All right, let's get to Wayfair. This is certainly that
Speaker 1: in rich we've been talking about a lot today.
Speaker 3: Yeah, that is a sector that's been in focus today.
Speaker 3: Shares a furniture retailer tumbling after President Trump announced that
Speaker 3: the US will enact new tariffs on imported kitchen cabinets,
Speaker 3: bathroom vanities, and other home products next week. Our h
Speaker 3: is seeing its stock fall and it's had a really
Speaker 3: difficult you're given all of the teriff announcements. Its CEO
Speaker 3: has been a critic of Trump's trade policies. We're also
Speaker 3: seeing wayfair fall. In a social media post on Thursday,
Speaker 3: Trump said that these kinds of imported products have been
Speaker 3: flooded into the US. He said that a fifty percent
Speaker 3: tariff will go on cabinets, vanities and associated products.
Speaker 2: In Oracle, it's up seventy percent so far this year.
Speaker 3: But today, yeah, today not so much because that TikTok
Speaker 3: Us deal that it'll be a part of. It's getting
Speaker 3: a fourteen billion dollar evaluation. That is a lot lower
Speaker 3: than most people were anticipating, and obviously investors are disappointed
Speaker 3: to hear this. That was kind of a rough estimate
Speaker 3: at this point. Jdban said that this could be a
Speaker 3: different number, and it'll be at the discretion of the
Speaker 3: companies that are buying it. That is Oracle, and of
Speaker 3: course it's working with silver Lake Management on this, but
Speaker 3: we'll see it definitely has been a fantastic year, as
Speaker 3: you mentioned for Oracle, up about seventy five percent and
Speaker 3: twenty twenty five. First it had that earnings report where
Speaker 3: it really wowed investors with its guidance, and then of
Speaker 3: course being a part of this deal.
Speaker 1: It does feel like the last couple of weeks or
Speaker 1: last month that Oracle just seems so connected to so
Speaker 1: many kind of upbeat things, and it is certainly propelled
Speaker 1: that's share price higher.
Speaker 2: Great this stock mover's report from Bloomberg Radio. Check back
Speaker 2: with us throughout the day for the latest roundup of
Speaker 2: companies making news on Wall Street and for the latest
Speaker 2: market moving headlines. Listen to Bloomberg Radio Live, catch us
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