1 00:00:02,520 --> 00:00:07,040 Speaker 1: Bloomberg Audio Studios, podcasts, radio news. 2 00:00:09,920 --> 00:00:13,360 Speaker 2: This is the closing bell on this stock mover's report 3 00:00:13,600 --> 00:00:16,560 Speaker 2: the company's making moves at the close of US trading 4 00:00:16,800 --> 00:00:21,360 Speaker 2: with Carol Masser, Tim Stenebeck, Romain Bostik, and Scarlett Food. 5 00:00:22,520 --> 00:00:24,720 Speaker 3: Let's get to some of the individual gainers. I mentioned 6 00:00:24,720 --> 00:00:28,080 Speaker 3: that semiconductors really outperforming as a whole and as a 7 00:00:28,080 --> 00:00:31,560 Speaker 3: group today. What's interesting is there's a name we don't 8 00:00:31,560 --> 00:00:35,080 Speaker 3: talk a lot about tickers E and TG, Integris, and 9 00:00:35,200 --> 00:00:38,360 Speaker 3: we saw this one being the top gainer in the 10 00:00:38,720 --> 00:00:42,199 Speaker 3: Semiconductor Index eleven point eight billion dollar market cap. It's 11 00:00:42,200 --> 00:00:45,360 Speaker 3: a semi manufacturing company. And I was looking for some 12 00:00:45,479 --> 00:00:47,320 Speaker 3: news like throughout the day and really didn't see I 13 00:00:47,320 --> 00:00:53,120 Speaker 3: think specifically, although reader interest in social was unusually high, 14 00:00:53,159 --> 00:00:54,760 Speaker 3: though the number of news stories about the company was 15 00:00:54,760 --> 00:00:57,360 Speaker 3: no greater than average, so no notable news. But the 16 00:00:57,360 --> 00:00:59,000 Speaker 3: stock was up about four percent, so I thought it 17 00:00:59,040 --> 00:01:01,440 Speaker 3: was just kind of interesting to see that one being 18 00:01:01,480 --> 00:01:05,280 Speaker 3: such an outperformer. Actually it's up seven point six percent 19 00:01:05,360 --> 00:01:09,319 Speaker 3: excuse me today, so quite an outperformer. Qualcom Staying in 20 00:01:09,360 --> 00:01:11,360 Speaker 3: the semi space, that one was up more than four 21 00:01:11,360 --> 00:01:14,160 Speaker 3: percent in today's session. The chip maker reached an agreement 22 00:01:14,160 --> 00:01:16,760 Speaker 3: to buy Alpha Way for about two point four billion dollars. 23 00:01:16,760 --> 00:01:19,440 Speaker 3: That was a cash deal. They are doing this to 24 00:01:19,480 --> 00:01:23,119 Speaker 3: expand its technology for artificial intelligence, so again an AI play. 25 00:01:23,640 --> 00:01:26,440 Speaker 3: The deal will be subject to regulatory and shareholder approval. 26 00:01:26,760 --> 00:01:29,200 Speaker 3: It is though, is expected to close in the first 27 00:01:29,240 --> 00:01:33,120 Speaker 3: quarter of twenty twenty six. Alpha waves board unanimously recommending 28 00:01:33,120 --> 00:01:35,240 Speaker 3: the cash offer, so they're already all in on this. 29 00:01:35,600 --> 00:01:37,959 Speaker 3: And then Synchrony Financial got to mention that one as 30 00:01:38,000 --> 00:01:40,320 Speaker 3: well off its highs of the day, was up four 31 00:01:40,319 --> 00:01:43,040 Speaker 3: percent at one point, but finishing with a two point 32 00:01:43,120 --> 00:01:46,440 Speaker 3: seven percent gain, so some outperformance there. This is as 33 00:01:46,480 --> 00:01:50,000 Speaker 3: Walmart's credit cards will be issued by Synchrony Financial with 34 00:01:50,080 --> 00:01:52,400 Speaker 3: one Pay offering co branded and private label cards in 35 00:01:52,440 --> 00:01:54,320 Speaker 3: the US later on this year, so they just guys 36 00:01:54,320 --> 00:01:55,120 Speaker 3: still tie up there. 37 00:01:55,720 --> 00:01:57,880 Speaker 4: They did. It was something about the way they do contracts, 38 00:01:57,920 --> 00:02:00,720 Speaker 4: basically exciting good talk. 39 00:02:01,600 --> 00:02:05,880 Speaker 1: Okay, all right, let's go to Apple. I've been watching 40 00:02:05,880 --> 00:02:08,639 Speaker 1: shares of Apple all day as the company held it's 41 00:02:08,680 --> 00:02:11,600 Speaker 1: a Worldwide Developers conference in Cooper, Tino. We spoke to 42 00:02:11,720 --> 00:02:13,760 Speaker 1: Ed Ludlow there a little earlier. Shares were up as 43 00:02:13,800 --> 00:02:15,720 Speaker 1: much as one percent earlier in the session, but ended 44 00:02:15,800 --> 00:02:19,200 Speaker 1: up falling one point two percent. Perhaps investors learned more 45 00:02:19,320 --> 00:02:22,200 Speaker 1: or maybe they were left wanting more. The company is 46 00:02:22,240 --> 00:02:26,600 Speaker 1: introducing liquid Glass. This is a new vision iOS like 47 00:02:26,639 --> 00:02:29,840 Speaker 1: design language across its different platforms. Not a surprise if 48 00:02:29,880 --> 00:02:31,720 Speaker 1: you've been paying attention to what Mark German has been 49 00:02:31,720 --> 00:02:33,880 Speaker 1: writing for weeks at this point, and perhaps that's why 50 00:02:34,280 --> 00:02:35,919 Speaker 1: it was kind of a sell the news event out 51 00:02:35,960 --> 00:02:38,600 Speaker 1: of Cooper Tino. Also, the iPhone is getting a revamped 52 00:02:38,680 --> 00:02:41,240 Speaker 1: phone and camera apps that focus on simplicity. Lots more 53 00:02:41,240 --> 00:02:43,160 Speaker 1: news there. I encourage you to check out our live 54 00:02:43,200 --> 00:02:46,400 Speaker 1: blog for more information about what was unveiled. Also, you 55 00:02:46,440 --> 00:02:50,000 Speaker 1: know about merger Mondays or Media Mondays. This is a 56 00:02:50,040 --> 00:02:52,520 Speaker 1: media Monday, but it's more like a divorce when it 57 00:02:52,560 --> 00:02:56,440 Speaker 1: comes to some traditional media. We're talking about Warner Brothers Discovery. 58 00:02:56,960 --> 00:03:00,440 Speaker 1: Shares of Warner Brothers Discovery falling about three percent on 59 00:03:00,600 --> 00:03:05,280 Speaker 1: the session today. This after the company said that it 60 00:03:05,400 --> 00:03:08,640 Speaker 1: was separating into two different companies. It's the Global Networks Business, 61 00:03:08,680 --> 00:03:12,240 Speaker 1: so that'll include entertainment, sports, and dozens of cable TV 62 00:03:12,320 --> 00:03:16,480 Speaker 1: brands such as CNN, TNT and TBS. Then it will 63 00:03:16,480 --> 00:03:18,760 Speaker 1: hold a twenty percent stake in the other company that's 64 00:03:18,800 --> 00:03:22,519 Speaker 1: the streaming and studios business that'll be headed by David Zaslov, 65 00:03:23,040 --> 00:03:26,160 Speaker 1: and it'll essentially be it'll use proceeds from that entity 66 00:03:26,200 --> 00:03:27,679 Speaker 1: as a way to cut debt, the company said in 67 00:03:27,720 --> 00:03:30,600 Speaker 1: a statement. Earlier shares were up earlier in the session 68 00:03:31,280 --> 00:03:33,280 Speaker 1: by as much as thirteen percent, but ended up falling 69 00:03:33,280 --> 00:03:37,400 Speaker 1: by about three percent. And finally, shares of Robinhood. Do 70 00:03:37,400 --> 00:03:39,360 Speaker 1: you guys remember last week there was all this speculation 71 00:03:39,360 --> 00:03:42,080 Speaker 1: about Robinhood being included in the S and P five 72 00:03:42,160 --> 00:03:44,760 Speaker 1: hundred as a result of the quarterly rebalancing. So you 73 00:03:44,800 --> 00:03:47,360 Speaker 1: had companies like app Love and as well Serge robin 74 00:03:47,400 --> 00:03:50,360 Speaker 1: and serged last week thirteen percent. And then look what 75 00:03:50,400 --> 00:03:53,440 Speaker 1: happened Friday. The markets close, and then you know, S 76 00:03:53,480 --> 00:03:57,200 Speaker 1: and P Indices or Dow Drum's industries rather come out 77 00:03:57,240 --> 00:04:00,640 Speaker 1: and say no, we're not actually changing it up at all. 78 00:04:00,760 --> 00:04:02,880 Speaker 1: SMP Dow Jones Industry said we're leaving the S and 79 00:04:02,920 --> 00:04:05,640 Speaker 1: P five hundred the same. Robin It fell by about 80 00:04:05,680 --> 00:04:06,320 Speaker 1: two percent. 81 00:04:06,120 --> 00:04:08,360 Speaker 3: Today as a result, and Apply Digital down six percent. 82 00:04:08,360 --> 00:04:09,680 Speaker 2: A lot of people thought they would make it in. 83 00:04:09,680 --> 00:04:12,480 Speaker 4: As well, Ouch Ouch, all those rumors. All right, let's 84 00:04:12,480 --> 00:04:13,800 Speaker 4: take a look at the bond market here, guys, so 85 00:04:13,840 --> 00:04:16,560 Speaker 4: buying pretty much across the curve that front end down 86 00:04:16,560 --> 00:04:19,200 Speaker 4: by about three basis points. So today's not the big mover. 87 00:04:19,320 --> 00:04:21,320 Speaker 4: But tomorrow you get the three year, then the ten 88 00:04:21,400 --> 00:04:23,760 Speaker 4: year Wednesday, and then you have thirty year on Thursday. 89 00:04:23,800 --> 00:04:25,960 Speaker 4: All told, you're looking at one hundred and nineteen billion 90 00:04:26,000 --> 00:04:29,640 Speaker 4: dollars with the thirty year rate around an eighteen year high. 91 00:04:29,680 --> 00:04:32,400 Speaker 4: Clearly off that level, but around that area. That's what 92 00:04:32,560 --> 00:04:35,280 Speaker 4: many investors are going to be watching. Guys. 93 00:04:36,520 --> 00:04:40,560 Speaker 2: This stock Movers report from Bloomberg Radio. 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