1 00:00:02,520 --> 00:00:07,000 Speaker 1: Bloomberg Audio Studios, podcasts, radio news. 2 00:00:08,560 --> 00:00:12,440 Speaker 2: The Stock Movers report your roundup of companies making moves 3 00:00:12,480 --> 00:00:15,880 Speaker 2: in the stock market, harnessing the power of Bloomberg data. 4 00:00:16,680 --> 00:00:20,760 Speaker 1: The Lisa Mateo Stock Movers is these stock Movers. It's 5 00:00:20,800 --> 00:00:23,440 Speaker 1: a podcast. Happy twenty twenty six. 6 00:00:23,680 --> 00:00:26,680 Speaker 3: I catcha I'm glad to hear. So we have a 7 00:00:26,720 --> 00:00:28,440 Speaker 3: lot of movement right. This is all centered around the 8 00:00:28,440 --> 00:00:30,240 Speaker 3: news events out of Venezuela over the weekend. I got 9 00:00:30,320 --> 00:00:33,120 Speaker 3: to start with the US oil stocks President Trump. He 10 00:00:33,159 --> 00:00:35,559 Speaker 3: said US oil companies are going to spend billions of 11 00:00:35,600 --> 00:00:39,199 Speaker 3: dollars to rebuild Venezuela's energy infrastructure. And Venezuela has the 12 00:00:39,200 --> 00:00:43,440 Speaker 3: world's largest crewe reserve. So we're talking about Chevron CVX 13 00:00:43,800 --> 00:00:48,080 Speaker 3: as a taker, Exon XOM, and Conico, Phillips Coop. So 14 00:00:48,120 --> 00:00:50,280 Speaker 3: I want to start with Chevron. Their shares have been 15 00:00:50,360 --> 00:00:53,360 Speaker 3: up as much as ten percent. It's the only American 16 00:00:53,360 --> 00:00:56,400 Speaker 3: oil major currently operating Venezuela that was under a special 17 00:00:56,520 --> 00:01:00,440 Speaker 3: US permission, so it's really best position to immediately benefit 18 00:01:00,440 --> 00:01:03,560 Speaker 3: from greater US access. They produced about twenty percent of 19 00:01:03,560 --> 00:01:06,240 Speaker 3: the country's oil under a sanctions waiver, they shipped to 20 00:01:06,360 --> 00:01:09,840 Speaker 3: the crew to US refineries. You look at Conico Phillips 21 00:01:10,240 --> 00:01:12,479 Speaker 3: they said this week and it's too soon to kind 22 00:01:12,480 --> 00:01:15,280 Speaker 3: of speculate about the future business activities. But in the 23 00:01:15,319 --> 00:01:18,240 Speaker 3: past you had Exon CEO said that it would look 24 00:01:18,280 --> 00:01:21,640 Speaker 3: into any potential opportunity in Venezuela. But the problem is 25 00:01:21,640 --> 00:01:23,760 Speaker 3: that it's said it's going to be cautious because it's 26 00:01:23,800 --> 00:01:26,200 Speaker 3: assets there have been kind of exproprated in the past 27 00:01:27,000 --> 00:01:30,880 Speaker 3: international arbitrators they've ruled Conico Phillips actually owed more than 28 00:01:30,959 --> 00:01:34,960 Speaker 3: eight billion dollars by Venezuela. Exon still owed about one 29 00:01:35,040 --> 00:01:37,959 Speaker 3: billion dollars at stemming from the nationalization of those assets. 30 00:01:38,200 --> 00:01:40,520 Speaker 3: But also if you look at the three largest oil 31 00:01:40,600 --> 00:01:44,759 Speaker 3: service companies like Halliburton, SLB, Baker US, they all jump 32 00:01:44,920 --> 00:01:47,440 Speaker 3: more than nine percent on the news. So that's on 33 00:01:47,480 --> 00:01:50,320 Speaker 3: the oil front. Then we go to the goldfront because 34 00:01:50,400 --> 00:01:54,200 Speaker 3: gold has been soaring on this news too. Spot gold, yes, 35 00:01:54,280 --> 00:01:57,240 Speaker 3: copper as well. Spot gold rose as much as two 36 00:01:57,240 --> 00:01:59,800 Speaker 3: and a half percent. You had silver gaining almost five percent. 37 00:02:00,400 --> 00:02:04,280 Speaker 3: So we look at gold stocks like Numont ticker any M, 38 00:02:04,280 --> 00:02:07,760 Speaker 3: Barrack Mining ticker b their shares up about two to 39 00:02:07,800 --> 00:02:10,880 Speaker 3: two and a half percent, but gold, yes, often rallies 40 00:02:10,919 --> 00:02:13,400 Speaker 3: the short term as geopolitical tensions start to rise. But 41 00:02:13,480 --> 00:02:16,240 Speaker 3: it's the timing of it for gold, because it's fresh 42 00:02:16,240 --> 00:02:19,640 Speaker 3: from posting that best annual performance since nineteen seventy nine. 43 00:02:20,280 --> 00:02:23,399 Speaker 3: Some leading banks forecast more gains in gold this year. 44 00:02:23,440 --> 00:02:25,880 Speaker 3: You had gold mint Sacks saying lines month that it's 45 00:02:25,919 --> 00:02:28,120 Speaker 3: base case for us for a rally of about four thousand, 46 00:02:28,600 --> 00:02:30,799 Speaker 3: nine hundred dollars an ounce. So it was already kind 47 00:02:30,800 --> 00:02:32,920 Speaker 3: of seen this lift, and this is giving it a 48 00:02:32,919 --> 00:02:36,160 Speaker 3: little bit more of a lift. So we covered oil gold. 49 00:02:36,360 --> 00:02:39,600 Speaker 3: I want to touch on tech because you have, yes, 50 00:02:39,800 --> 00:02:43,760 Speaker 3: you welcome memory chip equipment stocks rising, but you have 51 00:02:43,840 --> 00:02:47,560 Speaker 3: this continued AI optimism. Right you look at Micron ticker 52 00:02:47,800 --> 00:02:51,440 Speaker 3: MU their shares up about three percent. You have AMD 53 00:02:51,960 --> 00:02:55,080 Speaker 3: their shares up about three percent as well. Even applied 54 00:02:55,120 --> 00:02:58,800 Speaker 3: materials a sticker AMAT has been up two percent. But 55 00:02:58,880 --> 00:03:00,839 Speaker 3: at the same time, we can't again all this talk 56 00:03:00,880 --> 00:03:05,960 Speaker 3: we've been having cees in Las Vegas. Is it officially 57 00:03:06,000 --> 00:03:09,000 Speaker 3: kicks off tomorrow, but today you have Nvidio Ceo Jensen Wong. 58 00:03:09,000 --> 00:03:10,320 Speaker 3: He's gonna be talking to reporters. 59 00:03:10,960 --> 00:03:13,760 Speaker 1: People want to know, does Dana ives go to Cees. 60 00:03:13,960 --> 00:03:17,800 Speaker 1: Oh sure, oh, absolutely can. He takes the air. The 61 00:03:17,840 --> 00:03:21,040 Speaker 1: thing is like genormous, right, he walks in, he takes 62 00:03:21,040 --> 00:03:21,720 Speaker 1: the air out. 63 00:03:21,639 --> 00:03:24,000 Speaker 3: Of the room one hundred fifty thousand people looking for 64 00:03:24,040 --> 00:03:27,040 Speaker 3: the latest tech edgit. Oh and what did it be wearing? 65 00:03:27,080 --> 00:03:27,560 Speaker 3: That's the question. 66 00:03:27,720 --> 00:03:29,959 Speaker 1: Yes, what was going? You had? Dan ives on, Yes, 67 00:03:30,000 --> 00:03:32,000 Speaker 1: we did. He behave himself. He did very well, So 68 00:03:32,040 --> 00:03:33,400 Speaker 1: he's all fired up about the Cees. 69 00:03:34,160 --> 00:03:38,200 Speaker 2: This Stock Movers report from Bloomberg Radio. Check back with 70 00:03:38,280 --> 00:03:40,840 Speaker 2: us throughout the day for the latest roundup of companies 71 00:03:40,920 --> 00:03:44,000 Speaker 2: making news on Wall Street and for the latest market 72 00:03:44,040 --> 00:03:48,520 Speaker 2: moving headlines. Listen to Bloomberg Radio Live, catch us on YouTube, 73 00:03:48,600 --> 00:03:52,120 Speaker 2: Bloomberg dot com, and on Applecarplay and Android Auto with 74 00:03:52,160 --> 00:03:53,680 Speaker 2: the Bloomberg Business app.