WEBVTT - DigitalBridge Soars on SoftBank Bid; US Silver Miners Dip; Nvidia & Tesla

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<v Speaker 1>Bloomberg Audio Studios, Podcasts, Radio News, The.

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<v Speaker 2>Stock Movers Report, your roundup of companies making moves in

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<v Speaker 2>the stock market. Harnessing the power of Bloomberg.

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<v Speaker 3>Data time to look at some of the stocks on

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<v Speaker 3>the move today, and we're joined by Bloomberg's Valerie Titel

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<v Speaker 3>once again val data centers. That's all the rage, and

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<v Speaker 3>that seems to be the basis for some deal news

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<v Speaker 3>that we're getting this morning.

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<v Speaker 1>Yeah, data centers and the AI trade are going to

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<v Speaker 1>continue to be the big focus headed in to your

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<v Speaker 1>end and next year. But the news of the day

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<v Speaker 1>is that the Japanese conglomerate SoftBank has been said to

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<v Speaker 1>near a deal for the investment firm Digital Bridge. So

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<v Speaker 1>we're watching shares of digital Bridge surge around thirty two

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<v Speaker 1>percent higher in pre market. It's a private equity firm

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<v Speaker 1>that invests in assets such as data centers and digital infrastructure.

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<v Speaker 1>A deal between these two could be nounced as soon

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<v Speaker 1>as today and would deepen soft banks push into assets

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<v Speaker 1>underpinning the AI race. The Japanese investment giant soft Bank

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<v Speaker 1>has been a big part of the AI funding craze

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<v Speaker 1>this year. It was key to that five hundred billion

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<v Speaker 1>stargate Gate project, and they've recently sold off their share

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<v Speaker 1>of Nvidia to invest in other assets to help open Ai,

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<v Speaker 1>to help this data center rates. And perhaps if we

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<v Speaker 1>do hear a deal today, it was part of their

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<v Speaker 1>shift and selling those Nvidia shares in order to invest

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<v Speaker 1>in something else.

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<v Speaker 3>Now we don't know the terms of the deals, are

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<v Speaker 3>prices or anything like that at this point. Silver miners,

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<v Speaker 3>I always think of Nevada's still out there.

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<v Speaker 1>Idaho is a big area for silver, but silver miners

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<v Speaker 1>are on a back foot after the air I guess

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<v Speaker 1>is starting to come out of this silver rally. So

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<v Speaker 1>we have the likes of Core Mining down nearly five percent,

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<v Speaker 1>HELCA Mining down four percent, First Majestic silver ticker AG

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<v Speaker 1>funny for those who know the periodic table is down

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<v Speaker 1>four percent as well. There you know, the silver's rally

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<v Speaker 1>has really been led by this tightness of inventories, and

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<v Speaker 1>a lot of these silver miners have benefited from the

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<v Speaker 1>run up of the price of silver in December. But

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<v Speaker 1>it does seem to be like the rally might be

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<v Speaker 1>ending for some of these silver miners headed into your end.

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<v Speaker 3>Would you tell me earlier silver was in backwardation the

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<v Speaker 3>usual path is conentango. Usual path for a lot totally

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<v Speaker 3>geeked out on you guys.

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<v Speaker 1>A lot of commodities is contango because you have to

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<v Speaker 1>pay essentially for storage costs. But we're seeing silver curves

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<v Speaker 1>at very stretched backwardation levels. The London silver curve is

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<v Speaker 1>the steepest backwardation we've seen in decades. So people paying

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<v Speaker 1>up to get silver in their hands today versus waiting

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<v Speaker 1>a few months from now.

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<v Speaker 3>The Santa Claus rally. What happened with the Mag seven.

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<v Speaker 1>Well, the Mag seven is not feeling part of the

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<v Speaker 1>optimism around the Santa Claus rally. This morning. Tesla losses

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<v Speaker 1>for the Max seven this morning down one and a

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<v Speaker 1>half percent. We're also seeing the likes of Oracle down

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<v Speaker 1>nearly two percent, Core Weave down two and a half.

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<v Speaker 1>Those names are pretty key to the cloud race. But

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<v Speaker 1>I don't know if you knew, John, but I was

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<v Speaker 1>looking up the technical term for the Santa rally is

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<v Speaker 1>the five last trading days of the year and the

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<v Speaker 1>two beginning in January. So four out of five times

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<v Speaker 1>you get a rally of over one percent over that timeframe.

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<v Speaker 1>So we still have some room, I guess to make up,

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<v Speaker 1>but today seems to be leading tech on a ser note.

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<v Speaker 3>Okay, real, real quick. European defense stocks, this is kind

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<v Speaker 3>of a perverse move, you know, when there's signs of

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<v Speaker 3>piece the defense stocks go down.

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<v Speaker 1>Yeah, but it should be noted because they are one

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<v Speaker 1>of the biggest losers in the eurostock six hundred this morning.

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<v Speaker 1>Ryan Mattal down two and a third percent. Now a

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<v Speaker 1>lot of these names are now down over twenty percent

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<v Speaker 1>since they're highs back in September earlier this year. So

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<v Speaker 1>the European defense trade air continues to come out of

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<v Speaker 1>that as well. Headed into your.

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<v Speaker 2>End this Stockmovers report from Bloomberg Radio. Check back with

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