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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 Masser, Tim Stenebeck, Romain Bostik, and Katie Greyfell.

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Speaker 3: All right, so let's go to some of the individual gainers.

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Speaker 3: If I may in today's session, and I got to

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Speaker 3: talk about Fanny May and Freddie mac because these were

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Speaker 3: on a tear today shares a Fanny and Freddy pairing

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Speaker 3: a month long slide after Bill Ackman, who has bet

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Speaker 3: heavily on the companies called the mortgage finance giants stupidly cheat.

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Speaker 4: Surprise, YL is a different than what he was saying

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Speaker 4: a year ago.

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Speaker 1: I know, I know, it's almost like he has a

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Speaker 1: stake in.

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Speaker 3: It's like, you know, but listen, look at it. It's crazy.

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Speaker 3: You got what Fanny up fifty one percent, Freddie MCDA

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Speaker 3: up about forty seven percent. Keep in mind these trade

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Speaker 3: over the counter. They tend to be volatile. We often

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Speaker 3: see this so steepest jump since I think about May

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Speaker 3: of twenty twenty five.

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Speaker 4: But you're right.

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Speaker 3: Ackman's Pershing Square Capital Management was the single biggest private

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Speaker 3: sector shareholder of the two companies at the end of

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Speaker 3: last year. That's according to our data here at Bloomberg.

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Speaker 3: Over the weekend, Ackman, who's been pitching the White House

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Speaker 3: on plants for releasing the companies for government control, set

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Speaker 3: in a post on X that Fanny and Freddy offered

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Speaker 3: a symmetry. At its best, they could be a ten

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Speaker 3: times and it could happen soon. But you know, you

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Speaker 3: talk to some other folks who say, these these folks

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Speaker 3: as public entities, maybe not such a good idea. So

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Speaker 3: two sides to every coin, all right, Let's take a

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Speaker 3: look at aluminum stocks. You has listed aluminum stocks gaining

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Speaker 3: after rallying the metal price following Iran's attacks on Middle

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Speaker 3: Eastern aluminum facilities played out. So take a look at

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Speaker 3: names like Alcoa. It was up about eight percent in

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Speaker 3: today's session, more than seven percent gain for Century Aluminum,

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Speaker 3: and then Rio Tinto up about two and a half percent.

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Speaker 3: And then we did have JP Morgan Alice B. Peterson

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Speaker 3: putting out a note to clients. He said, well, sentiment

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Speaker 3: and positioning may drive further volatility. The fundamental risk j

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Speaker 3: you supply outweighs demand destruction for now making the outlook

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Speaker 3: for aluminum notably bullish amid heightened geopolitical and logistical uncertainty.

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Speaker 3: So investors took note and said that whole space hired today.

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Speaker 1: Tim Well, the whole space that was lower today where semiconductors,

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Speaker 1: as Bailey mentioned just a few minutes ago, I want

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Speaker 1: to start with Micron got another nine point nine percent today,

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Speaker 1: memory and storage companies, extending their recent slide. Remember it

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Speaker 1: was last week that the entire group came under pressure.

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Speaker 1: This was after Google talked about that breakthrough that analysts

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Speaker 1: say may curb demand for certain types of storage. The

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Speaker 1: reason I'm picking on Micron, though, is because it's down

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Speaker 1: more than thirty percent since March eighteenth. That's when the

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Speaker 1: company reported its most recent earnings, and that's when it

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Speaker 1: said it would have more spend more on CAPEX this

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Speaker 1: year than analysts wanted to see. It has been on

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Speaker 1: a slide. It's that sim It's still up more than

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Speaker 1: two hundred and seventy percent on a twelve one on basis,

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Speaker 1: I'm just going to call out the winners in the

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Speaker 1: long term. Okay, Wow, we'll see what happens tomorrow. Every traice,

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Speaker 1: we'll see what happens tomorrow. Thank you, Thank you for

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Speaker 1: the additional context. Appreciate it. Hey also in the S

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Speaker 1: and P five hundred falling today, Let's go to Boston Scientific.

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Speaker 1: BSX is the ticker, down today by more than nine percent.

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Speaker 1: Shares tumbled after results from the company's trial of the

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Speaker 1: Watchman heart implant fell short of investor expectations. The trial

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Speaker 1: studied patients with a non valvular atrial fibrillation. It's a

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Speaker 1: heart rhythm disorder. The trial did meet all preliminary and

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Speaker 1: secondary safety and efficacy endpoints. Still, though investors said it

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Speaker 1: fell short of expectations or analysts, I just say say

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Speaker 1: it fell short of investor expectations. And finally, a little

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Speaker 1: M and A on this Monday, taking a look at

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Speaker 1: shares of Cisco. This is the food company, not the

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Speaker 1: you know, tech company. Down more than fifteen point two percent.

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Speaker 1: SYY is the ticker. They're acquiring Jetro Restaurant Depot for

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Speaker 1: twenty nine point one billion dollars that includes debt and

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Speaker 1: a deal that will create one of the largest food

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Speaker 1: service groups in the US. Cisco plans to raise about

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Speaker 1: twenty one billion dollars of debt help funded's acquisition of

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Speaker 1: the closely held Jetro restaurant depot. That's according to a

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Speaker 1: statement on Monday. The financing would also include hybrid debt

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Speaker 1: as well as the billion dollars of cash on hand

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Speaker 1: equity or equity link securities. Once again, Cisco, the food

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Speaker 1: services firm down by more than fifteen percent today.

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Speaker 4: Right, Let's take a quick look at yields here. What

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Speaker 4: happened in fixed income and we saw a big rally

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Speaker 4: across the curve, as you can see, down seven to

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Speaker 4: eight basis points, the thirty year down about five basis points.

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Speaker 4: So we heard from Jerome pell earlier today. He did

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Speaker 4: say that longer term inflation expectations remain in check and

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Speaker 4: that officials may need to respond to the impact from

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Speaker 4: the around war. Not the case yet, but they may

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Speaker 4: need to respond. So you on it all together, it

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Speaker 4: seems like the market flipped from being really concerned about inflation,

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Speaker 4: or at least the bond market that concern about inflation,

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Speaker 4: flipping to concerns about growth expectations and finally seeing a

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Speaker 4: bit of a rally here. Though I will mention that

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Speaker 4: the absolute levels on these yields much much higher than

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Speaker 4: where we were a month ago.

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Speaker 2: The stockmovers report from Bloomberg Radio. Check back with us

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Speaker 2: throughout the day for the latest roundup of companies making

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