Speaker 1: Bloomberg Audio Studios, podcasts, radio news.
Speaker 2: This is the closing bell on this stock mover's report
Speaker 2: the company's making moves at the close of US trading
Speaker 2: with Carol Masser, Tim Stenebeck, Romain Bostik, and Scarlett Food.
Speaker 3: Let's get to some of the individual gainers. I mentioned
Speaker 3: that semiconductors really outperforming as a whole and as a
Speaker 3: group today. What's interesting is there's a name we don't
Speaker 3: talk a lot about tickers E and TG, Integris, and
Speaker 3: we saw this one being the top gainer in the
Speaker 3: Semiconductor Index eleven point eight billion dollar market cap. It's
Speaker 3: a semi manufacturing company. And I was looking for some
Speaker 3: news like throughout the day and really didn't see I
Speaker 3: think specifically, although reader interest in social was unusually high,
Speaker 3: though the number of news stories about the company was
Speaker 3: no greater than average, so no notable news. But the
Speaker 3: stock was up about four percent, so I thought it
Speaker 3: was just kind of interesting to see that one being
Speaker 3: such an outperformer. Actually it's up seven point six percent
Speaker 3: excuse me today, so quite an outperformer. Qualcom Staying in
Speaker 3: the semi space, that one was up more than four
Speaker 3: percent in today's session. The chip maker reached an agreement
Speaker 3: to buy Alpha Way for about two point four billion dollars.
Speaker 3: That was a cash deal. They are doing this to
Speaker 3: expand its technology for artificial intelligence, so again an AI play.
Speaker 3: The deal will be subject to regulatory and shareholder approval.
Speaker 3: It is though, is expected to close in the first
Speaker 3: quarter of twenty twenty six. Alpha waves board unanimously recommending
Speaker 3: the cash offer, so they're already all in on this.
Speaker 3: And then Synchrony Financial got to mention that one as
Speaker 3: well off its highs of the day, was up four
Speaker 3: percent at one point, but finishing with a two point
Speaker 3: seven percent gain, so some outperformance there. This is as
Speaker 3: Walmart's credit cards will be issued by Synchrony Financial with
Speaker 3: one Pay offering co branded and private label cards in
Speaker 3: the US later on this year, so they just guys
Speaker 3: still tie up there.
Speaker 4: They did. It was something about the way they do contracts,
Speaker 4: basically exciting good talk.
Speaker 1: Okay, all right, let's go to Apple. I've been watching
Speaker 1: shares of Apple all day as the company held it's
Speaker 1: a Worldwide Developers conference in Cooper, Tino. We spoke to
Speaker 1: Ed Ludlow there a little earlier. Shares were up as
Speaker 1: much as one percent earlier in the session, but ended
Speaker 1: up falling one point two percent. Perhaps investors learned more
Speaker 1: or maybe they were left wanting more. The company is
Speaker 1: introducing liquid Glass. This is a new vision iOS like
Speaker 1: design language across its different platforms. Not a surprise if
Speaker 1: you've been paying attention to what Mark German has been
Speaker 1: writing for weeks at this point, and perhaps that's why
Speaker 1: it was kind of a sell the news event out
Speaker 1: of Cooper Tino. Also, the iPhone is getting a revamped
Speaker 1: phone and camera apps that focus on simplicity. Lots more
Speaker 1: news there. I encourage you to check out our live
Speaker 1: blog for more information about what was unveiled. Also, you
Speaker 1: know about merger Mondays or Media Mondays. This is a
Speaker 1: media Monday, but it's more like a divorce when it
Speaker 1: comes to some traditional media. We're talking about Warner Brothers Discovery.
Speaker 1: Shares of Warner Brothers Discovery falling about three percent on
Speaker 1: the session today. This after the company said that it
Speaker 1: was separating into two different companies. It's the Global Networks Business,
Speaker 1: so that'll include entertainment, sports, and dozens of cable TV
Speaker 1: brands such as CNN, TNT and TBS. Then it will
Speaker 1: hold a twenty percent stake in the other company that's
Speaker 1: the streaming and studios business that'll be headed by David Zaslov,
Speaker 1: and it'll essentially be it'll use proceeds from that entity
Speaker 1: as a way to cut debt, the company said in
Speaker 1: a statement. Earlier shares were up earlier in the session
Speaker 1: by as much as thirteen percent, but ended up falling
Speaker 1: by about three percent. And finally, shares of Robinhood. Do
Speaker 1: you guys remember last week there was all this speculation
Speaker 1: about Robinhood being included in the S and P five
Speaker 1: hundred as a result of the quarterly rebalancing. So you
Speaker 1: had companies like app Love and as well Serge robin
Speaker 1: and serged last week thirteen percent. And then look what
Speaker 1: happened Friday. The markets close, and then you know, S
Speaker 1: and P Indices or Dow Drum's industries rather come out
Speaker 1: and say no, we're not actually changing it up at all.
Speaker 1: SMP Dow Jones Industry said we're leaving the S and
Speaker 1: P five hundred the same. Robin It fell by about
Speaker 1: two percent.
Speaker 3: Today as a result, and Apply Digital down six percent.
Speaker 2: A lot of people thought they would make it in.
Speaker 4: As well, Ouch Ouch, all those rumors. All right, let's
Speaker 4: take a look at the bond market here, guys, so
Speaker 4: buying pretty much across the curve that front end down
Speaker 4: by about three basis points. So today's not the big mover.
Speaker 4: But tomorrow you get the three year, then the ten
Speaker 4: year Wednesday, and then you have thirty year on Thursday.
Speaker 4: All told, you're looking at one hundred and nineteen billion
Speaker 4: dollars with the thirty year rate around an eighteen year high.
Speaker 4: Clearly off that level, but around that area. That's what
Speaker 4: many investors are going to be watching. Guys.
Speaker 2: This stock Movers report from Bloomberg Radio. Check back with
Speaker 2: us throughout the day for the latest roundup of companies
Speaker 2: making news on Wall Street and for the latest market
Speaker 2: moving headlines. Listen to Bloomberg Radio Live, catch us on YouTube,
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