WEBVTT - Closing Bell: Coinbase Surges, Rivian Rises, Nvidia Slips

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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 movers 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, guys, let's get to some of the individual

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<v Speaker 3>gainers if I may, and let's go to applied Materials.

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<v Speaker 3>Definitely in a now performer in today's session, you can

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<v Speaker 3>see that stock finishing the day with a gain of

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<v Speaker 3>about eight percent here, So a top gainer in the

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<v Speaker 3>Nazek one hundred and s and P five hundred hitting

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<v Speaker 3>a record in today's session after delivering a surprisingly upbeat

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<v Speaker 3>sales forecast and really signaling that demand for artificial intelligence

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<v Speaker 3>and memory semiconductors is fueling equipment purchases. I do also

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<v Speaker 3>want to mention that they just resolved to a high

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<v Speaker 3>profile regulatory issue announcing plans to settle and to pay

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<v Speaker 3>two hundred and fifty two point five million to settle

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<v Speaker 3>a US Commerce Toartment investigation into improper exports to China,

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<v Speaker 3>So getting rid of some maybe legal overhang. That stock,

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<v Speaker 3>by the way, up almost forty percent here in twenty

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<v Speaker 3>twenty six you mentioned Coinbase.

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<v Speaker 4>Yes, it's definitely on my list.

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<v Speaker 3>I believe it's the number one gainer in the S

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<v Speaker 3>and P five hundred today. Stock up about sixteen percent

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<v Speaker 3>here at the close for the Friday trade on triple

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<v Speaker 3>average trading volume, and that's despite posting week results. As

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<v Speaker 3>we know, this is a stock that often trades in

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<v Speaker 3>tandem with Bitcoin, which rallied for the first time in

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<v Speaker 3>five trading sessions.

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<v Speaker 4>Coin Base disclosing the fourth quitter.

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<v Speaker 3>Revenue fell a greater than expected twenty percent to one

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<v Speaker 3>point eight billion, and the company posted a net loss

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<v Speaker 3>of six hundred and sixty seven million. It has been

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<v Speaker 3>under though a lot of pressure since hitting a high.

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<v Speaker 3>I think it was back in October, so down a lot,

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<v Speaker 3>so maybe a lot of that bad news priced in.

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<v Speaker 4>And then let's roll on over to Rivian Automotive.

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<v Speaker 3>This one up about just shy of twenty seven percent

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<v Speaker 3>in today's session, boring biggest jump I think since around

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<v Speaker 3>twenty twenty four. Company reported better than expected fourth quarter

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<v Speaker 3>results and its first ever annual gross profit, a key

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<v Speaker 3>milestone after years of consistent losses. Company remaining on track

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<v Speaker 3>to launch it's our two mid size suv which it

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<v Speaker 3>hopes will appeal to a broader swap of car buyers

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<v Speaker 3>for you to go well, expected to go on sale

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<v Speaker 3>on the second quarter. It's funny, we have to probably

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<v Speaker 3>soon ish look for a car.

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<v Speaker 4>I don't know if we'll check it out.

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<v Speaker 5>Maybe not not ready for an EV yet.

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<v Speaker 1>I'm holding out for a cyber truck to say, okay,

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<v Speaker 1>love the look.

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<v Speaker 4>Are you really?

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<v Speaker 1>I would never get an EV, but if it was

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<v Speaker 1>available in gas form, perhaps.

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<v Speaker 4>Okay, that's uh and not an EV.

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<v Speaker 5>I want to go to some stocks in the red

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<v Speaker 5>today in Vidia shares falling by two point two percent.

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<v Speaker 5>It's actually down about two percent this year. Interestingly enough,

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<v Speaker 5>big tech companies, even though they're spending plans for AI infrastructure,

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<v Speaker 5>have gone up this year. In Vidia shares have been

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<v Speaker 5>largely stagnant for months. There's growing concern that the ultimate

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<v Speaker 5>revenue from AI will not keep up with the capex

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<v Speaker 5>that's been announced, which could lead to a pause in spending,

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<v Speaker 5>and Videa's valuation is compressed as revenue growth is expected

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<v Speaker 5>to slow. Investors are waiting for the company's upcoming earnings

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<v Speaker 5>report for guidance on demand for chips. It's the only

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<v Speaker 5>member of the bag seven that hasn't reported for this time period,

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<v Speaker 5>so we'll have to wait and see.

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<v Speaker 4>Excuse me here.

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<v Speaker 5>You know, when I talk about prediction markets, I get

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<v Speaker 5>a little choked up, and that takes us to DraftKings

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<v Speaker 5>shares took a pretty big hit today, down thirteen and

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<v Speaker 5>a half percent. Forecasts for the year for sales and

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<v Speaker 5>profit fell short of Wall Street estimates. The company actually

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<v Speaker 5>said that they're not seeing a discernible impact from predictions

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<v Speaker 5>on revenue, and they view prediction markets as a massive opportunity.

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<v Speaker 5>But it's hard for me to understand that if it

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<v Speaker 5>just increases competition, you know, if you can use Robinhood

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<v Speaker 5>or some other platform for actually, you know, betting on sports,

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<v Speaker 5>and it doesn't have the same regulatory overhangs that these

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<v Speaker 5>sports gambling specific apps Havetheless, shares did fall by thirteen

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<v Speaker 5>and a half percent today, and finally, taking a look

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<v Speaker 5>at social media company Pinterest, shares took a tumble close

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<v Speaker 5>to seventeen percent. The company projected current quarter sales that

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<v Speaker 5>fell short of Wall Street estimates. Interestingly enough, the company's

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<v Speaker 5>business has been affected by the Trump administration's trade policies.

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<v Speaker 5>It warned back in November the tariffs for the home

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<v Speaker 5>furnishings category could affect revenue because these companies are spending

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<v Speaker 5>more to absorb tariffs and not actually spending that money

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<v Speaker 5>on marketing, and that's where pinterest comes in. Shares today

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<v Speaker 5>fell by close to seventeen percent.

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<v Speaker 1>All right, let's take a quick look at yields here.

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<v Speaker 1>Of course, we've got CPI this morning at eight thirty,

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<v Speaker 1>and on the headline number, it came in a little

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<v Speaker 1>bit below expectations. On the screws. When it comes to

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<v Speaker 1>the core figure, you can see how that translated into

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<v Speaker 1>the bond market. Two year yields down about five basis

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<v Speaker 1>points at the lowest level in years, and then ten

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<v Speaker 1>year yields also dropping about five basis points. We are

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<v Speaker 1>once again on four percent watch. Actually a big move

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<v Speaker 1>lower in ten year ye olds overall this week, we're

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<v Speaker 1>talking about fifteen basis points or so. In some ways,

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<v Speaker 1>it kind of feels like it came out of nowhere,

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<v Speaker 1>but here we are.

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<v Speaker 3>Yeah, a little bit of a different trade, no doubt

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<v Speaker 3>about that. Speaking of a different trade, we've kind of

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<v Speaker 3>seen the AI scare trade making its way through the market,

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<v Speaker 3>weaving its way, if you will, kind of a sign

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<v Speaker 3>of the times. Goldman Traders has launched an AI proof

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<v Speaker 3>software basket amid what we've been seeing as different sectors

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<v Speaker 3>have come under pressure in the trade concerned about tim

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<v Speaker 3>the AI impact.

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<v Speaker 5>Yeah, the basket includes companies such as cloud Flare, CrowdStrike, Holdings,

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<v Speaker 5>Microsoft on the longside and Monday Monday dot Com Salesforce,

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<v Speaker 5>du A Lingo on the short side, so you know,

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<v Speaker 5>kind of going both ways with the AI trade.

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<v Speaker 4>Yeah, it's really interesting.

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<v Speaker 1>I mean, the logic here when it comes at least

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<v Speaker 1>to the long basket, is that these are names that

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<v Speaker 1>require either physical execution, maybe they have regulatory entrenchment or

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<v Speaker 1>human accountability. It's going to be interesting to see how

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<v Speaker 1>it fares. I mean, I pla Goldman for launching this,

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<v Speaker 1>because now at least we can track it.

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<v Speaker 5>Maybe we should just all invest in plumbers and dentists

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<v Speaker 5>because those seem pretty AI proof.

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<v Speaker 1>Right, Oh, dentists, the robots could operate on your man.

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<v Speaker 4>I guess they could. Or maybe we should invest in

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<v Speaker 4>Golden Doodles.

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<v Speaker 6>Oh, Golden we should. I think that we everyone should.

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<v Speaker 6>If you were to play Bloomberg terminal Bingo, I would

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<v Speaker 6>say ex boyfriend Golden Doodle in auction check everything that's

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<v Speaker 6>not related to Warren Buffett or bitcoin.

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<v Speaker 4>Just my two cents.

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<v Speaker 6>We're talking about Tucker the Golden Doodle, the ex boyfriend.

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<v Speaker 6>I don't know if you guys remember Delaware court ruling.

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<v Speaker 6>Though there was a private auction. Couple broke up ahead

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<v Speaker 6>of Valentine's Day, sorry, and they were auctioning off Tucker

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<v Speaker 6>the Golden Doodle kittie. The thing that I thought was

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<v Speaker 6>interesting is the losing party gets the money.

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<v Speaker 1>Yeah, it feels like more of a sale than it

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<v Speaker 1>is in auction. But I guess you know, they were

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<v Speaker 1>bidding back and forth, and it turns out the ex

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<v Speaker 1>boyfriend just loved the dog more.

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<v Speaker 6>See back in my day, though, you would put the

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<v Speaker 6>dog in the middle of the living room, stand on

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<v Speaker 6>opposite sides wherever Tuck rant who keeps the dog, and

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<v Speaker 6>the other person goes and finds another pet.

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<v Speaker 5>The only fair way.

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<v Speaker 4>How about sharing the dog?

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<v Speaker 1>No, I don't know you see you hear stories about that,

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<v Speaker 1>like people who weren't married have sharing custody of their pets.

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<v Speaker 1>I would just steal it.

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<v Speaker 4>I just hope uh Tucker's happy. That's all I'm gonna say.

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<v Speaker 3>All right, guys, that is a rap. Happy Valentine's Day,

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<v Speaker 3>Happy Friday, the thirteen.

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<v Speaker 2>The Stockmovers Report from Bloomberg Radio. Check back with us

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<v Speaker 2>throughout the day for the latest roundup of companies making

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<v Speaker 2>news on Wall Street and for the latest market moving headlines.

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