1 00:00:02,520 --> 00:00:08,640 Speaker 1: Bloomberg Audio Studios, Podcasts, Radio News, The. 2 00:00:08,720 --> 00:00:12,560 Speaker 2: Stock Movers Report, your roundup of companies making moves in 3 00:00:12,600 --> 00:00:16,080 Speaker 2: the stock market. Harnessing the power of Bloomberg. 4 00:00:15,600 --> 00:00:18,040 Speaker 3: Data time to look at some of the stocks on 5 00:00:18,120 --> 00:00:22,440 Speaker 3: the move today, and we're joined by Bloomberg's Valerie Titel 6 00:00:22,600 --> 00:00:26,599 Speaker 3: once again val data centers. That's all the rage, and 7 00:00:26,640 --> 00:00:29,600 Speaker 3: that seems to be the basis for some deal news 8 00:00:29,600 --> 00:00:30,600 Speaker 3: that we're getting this morning. 9 00:00:30,840 --> 00:00:33,080 Speaker 1: Yeah, data centers and the AI trade are going to 10 00:00:33,120 --> 00:00:36,319 Speaker 1: continue to be the big focus headed in to your 11 00:00:36,440 --> 00:00:38,960 Speaker 1: end and next year. But the news of the day 12 00:00:39,080 --> 00:00:42,839 Speaker 1: is that the Japanese conglomerate SoftBank has been said to 13 00:00:42,880 --> 00:00:46,240 Speaker 1: near a deal for the investment firm Digital Bridge. So 14 00:00:46,320 --> 00:00:49,960 Speaker 1: we're watching shares of digital Bridge surge around thirty two 15 00:00:50,000 --> 00:00:53,040 Speaker 1: percent higher in pre market. It's a private equity firm 16 00:00:53,440 --> 00:00:57,640 Speaker 1: that invests in assets such as data centers and digital infrastructure. 17 00:00:57,960 --> 00:01:00,600 Speaker 1: A deal between these two could be nounced as soon 18 00:01:00,720 --> 00:01:04,959 Speaker 1: as today and would deepen soft banks push into assets 19 00:01:05,080 --> 00:01:09,119 Speaker 1: underpinning the AI race. The Japanese investment giant soft Bank 20 00:01:09,200 --> 00:01:11,319 Speaker 1: has been a big part of the AI funding craze 21 00:01:11,319 --> 00:01:14,000 Speaker 1: this year. It was key to that five hundred billion 22 00:01:14,040 --> 00:01:18,639 Speaker 1: stargate Gate project, and they've recently sold off their share 23 00:01:18,680 --> 00:01:22,959 Speaker 1: of Nvidia to invest in other assets to help open Ai, 24 00:01:23,120 --> 00:01:25,880 Speaker 1: to help this data center rates. And perhaps if we 25 00:01:25,959 --> 00:01:27,720 Speaker 1: do hear a deal today, it was part of their 26 00:01:28,280 --> 00:01:31,679 Speaker 1: shift and selling those Nvidia shares in order to invest 27 00:01:31,720 --> 00:01:32,280 Speaker 1: in something else. 28 00:01:32,360 --> 00:01:34,160 Speaker 3: Now we don't know the terms of the deals, are 29 00:01:34,280 --> 00:01:38,320 Speaker 3: prices or anything like that at this point. Silver miners, 30 00:01:38,400 --> 00:01:41,120 Speaker 3: I always think of Nevada's still out there. 31 00:01:42,240 --> 00:01:46,320 Speaker 1: Idaho is a big area for silver, but silver miners 32 00:01:46,360 --> 00:01:48,880 Speaker 1: are on a back foot after the air I guess 33 00:01:48,960 --> 00:01:51,160 Speaker 1: is starting to come out of this silver rally. So 34 00:01:51,240 --> 00:01:55,080 Speaker 1: we have the likes of Core Mining down nearly five percent, 35 00:01:55,240 --> 00:01:59,840 Speaker 1: HELCA Mining down four percent, First Majestic silver ticker AG 36 00:02:00,280 --> 00:02:03,040 Speaker 1: funny for those who know the periodic table is down 37 00:02:03,240 --> 00:02:07,200 Speaker 1: four percent as well. There you know, the silver's rally 38 00:02:07,200 --> 00:02:09,920 Speaker 1: has really been led by this tightness of inventories, and 39 00:02:09,960 --> 00:02:12,160 Speaker 1: a lot of these silver miners have benefited from the 40 00:02:12,240 --> 00:02:14,600 Speaker 1: run up of the price of silver in December. But 41 00:02:14,680 --> 00:02:17,080 Speaker 1: it does seem to be like the rally might be 42 00:02:17,200 --> 00:02:20,680 Speaker 1: ending for some of these silver miners headed into your end. 43 00:02:20,919 --> 00:02:24,480 Speaker 3: Would you tell me earlier silver was in backwardation the 44 00:02:24,560 --> 00:02:28,600 Speaker 3: usual path is conentango. Usual path for a lot totally 45 00:02:28,639 --> 00:02:29,760 Speaker 3: geeked out on you guys. 46 00:02:30,000 --> 00:02:34,400 Speaker 1: A lot of commodities is contango because you have to 47 00:02:34,400 --> 00:02:39,000 Speaker 1: pay essentially for storage costs. But we're seeing silver curves 48 00:02:39,120 --> 00:02:43,600 Speaker 1: at very stretched backwardation levels. The London silver curve is 49 00:02:43,720 --> 00:02:47,000 Speaker 1: the steepest backwardation we've seen in decades. So people paying 50 00:02:47,080 --> 00:02:50,040 Speaker 1: up to get silver in their hands today versus waiting 51 00:02:50,040 --> 00:02:50,799 Speaker 1: a few months from now. 52 00:02:51,040 --> 00:02:54,480 Speaker 3: The Santa Claus rally. What happened with the Mag seven. 53 00:02:54,800 --> 00:02:56,800 Speaker 1: Well, the Mag seven is not feeling part of the 54 00:02:56,800 --> 00:03:00,880 Speaker 1: optimism around the Santa Claus rally. This morning. Tesla losses 55 00:03:01,160 --> 00:03:02,959 Speaker 1: for the Max seven this morning down one and a 56 00:03:03,000 --> 00:03:06,000 Speaker 1: half percent. We're also seeing the likes of Oracle down 57 00:03:06,040 --> 00:03:08,800 Speaker 1: nearly two percent, Core Weave down two and a half. 58 00:03:08,840 --> 00:03:11,360 Speaker 1: Those names are pretty key to the cloud race. But 59 00:03:11,800 --> 00:03:13,480 Speaker 1: I don't know if you knew, John, but I was 60 00:03:13,480 --> 00:03:16,200 Speaker 1: looking up the technical term for the Santa rally is 61 00:03:16,200 --> 00:03:19,000 Speaker 1: the five last trading days of the year and the 62 00:03:19,080 --> 00:03:24,679 Speaker 1: two beginning in January. So four out of five times 63 00:03:24,960 --> 00:03:28,200 Speaker 1: you get a rally of over one percent over that timeframe. 64 00:03:28,280 --> 00:03:30,760 Speaker 1: So we still have some room, I guess to make up, 65 00:03:30,760 --> 00:03:33,880 Speaker 1: but today seems to be leading tech on a ser note. 66 00:03:33,919 --> 00:03:37,080 Speaker 3: Okay, real, real quick. European defense stocks, this is kind 67 00:03:37,080 --> 00:03:39,440 Speaker 3: of a perverse move, you know, when there's signs of 68 00:03:39,520 --> 00:03:41,600 Speaker 3: piece the defense stocks go down. 69 00:03:41,800 --> 00:03:43,600 Speaker 1: Yeah, but it should be noted because they are one 70 00:03:43,640 --> 00:03:46,440 Speaker 1: of the biggest losers in the eurostock six hundred this morning. 71 00:03:46,560 --> 00:03:49,920 Speaker 1: Ryan Mattal down two and a third percent. Now a 72 00:03:49,920 --> 00:03:52,320 Speaker 1: lot of these names are now down over twenty percent 73 00:03:52,400 --> 00:03:55,240 Speaker 1: since they're highs back in September earlier this year. So 74 00:03:55,280 --> 00:03:58,000 Speaker 1: the European defense trade air continues to come out of 75 00:03:58,000 --> 00:03:59,080 Speaker 1: that as well. Headed into your. 76 00:03:59,080 --> 00:04:04,240 Speaker 2: End this Stockmovers report from Bloomberg Radio. Check back with 77 00:04:04,320 --> 00:04:06,880 Speaker 2: us throughout the day for the latest roundup of companies 78 00:04:06,960 --> 00:04:10,080 Speaker 2: making news on Wall Street and for the latest market 79 00:04:10,080 --> 00:04:14,560 Speaker 2: moving headlines. Listen to Bloomberg Radio Live, catch us on YouTube, 80 00:04:14,640 --> 00:04:18,159 Speaker 2: Bloomberg dot com, and on Applecarplay and Android Auto with 81 00:04:18,240 --> 00:04:19,719 Speaker 2: the Bloomberg Business app.