1 00:00:02,520 --> 00:00:08,720 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 --> 00:00:15,880 Speaker 2: the stock market, harnessing the power of Bloomberg data. 4 00:00:16,560 --> 00:00:18,439 Speaker 1: Let's take a look at some stocks on the move today. 5 00:00:18,440 --> 00:00:21,160 Speaker 1: I'm Nathan Hager, joined by Bloomberg's a bi abu Omar 6 00:00:21,320 --> 00:00:24,119 Speaker 1: on a merger Monday, even if it is a holiday 7 00:00:24,120 --> 00:00:27,320 Speaker 1: shortened trading week, we've got deal news in the restaurant space. 8 00:00:27,360 --> 00:00:30,480 Speaker 1: A beer, good morning, good morning, Yes, you're right. 9 00:00:30,560 --> 00:00:34,120 Speaker 3: So Cisco. This was a story that was reported by 10 00:00:34,159 --> 00:00:38,239 Speaker 3: the Wall Street Journal earlier, and it's essentially that Cisco 11 00:00:38,479 --> 00:00:42,040 Speaker 3: is buying restaurant Deepot for a deal that is worth 12 00:00:42,080 --> 00:00:45,840 Speaker 3: twenty nine billion dollars including a debt. 13 00:00:45,960 --> 00:00:46,800 Speaker 2: It was later. 14 00:00:46,680 --> 00:00:50,600 Speaker 3: Confirmed and now we know that Cisco will actually acquire 15 00:00:50,760 --> 00:00:54,960 Speaker 3: Deepot for for twenty one point six billion dollars in cash, 16 00:00:55,000 --> 00:00:58,600 Speaker 3: and it will be ninety one point five million for 17 00:00:58,720 --> 00:01:02,440 Speaker 3: Cisco shares. So the stock is moving downward on the news, 18 00:01:02,520 --> 00:01:05,280 Speaker 3: down in the pre trade about one point eight percent. 19 00:01:05,920 --> 00:01:10,360 Speaker 3: Investors not really looking favorably at the news in the 20 00:01:10,400 --> 00:01:11,880 Speaker 3: pre trade session this morning. 21 00:01:12,120 --> 00:01:14,440 Speaker 1: Okay, maybe a little bit of arbitrage as we watched 22 00:01:14,440 --> 00:01:17,240 Speaker 1: that deal news shake out here in the meantime, The 23 00:01:17,240 --> 00:01:21,480 Speaker 1: biggest gainer in the pre market, the biggest aluminum maker 24 00:01:21,560 --> 00:01:22,880 Speaker 1: in the United States, Alcoa. 25 00:01:23,640 --> 00:01:23,880 Speaker 2: Yeah. 26 00:01:23,920 --> 00:01:27,520 Speaker 3: Absolutely, and Alcoa is moving eight percent higher in the 27 00:01:27,560 --> 00:01:30,279 Speaker 3: pre trade session this morning, following really what we've seen 28 00:01:30,319 --> 00:01:33,800 Speaker 3: across the trade in Asia, but also in Europe. You've 29 00:01:33,840 --> 00:01:37,759 Speaker 3: seen a lot of aluminum producers but also miners moving 30 00:01:37,920 --> 00:01:40,679 Speaker 3: higher this morning. In Europe, Alcoa is doing pretty much 31 00:01:40,680 --> 00:01:43,720 Speaker 3: the same thing. And this is a war story really. 32 00:01:44,280 --> 00:01:47,800 Speaker 3: Two major aluminum facilities across the United Arab Emirates and 33 00:01:48,000 --> 00:01:51,960 Speaker 3: Pain were attacked by Iran. The top producer based in 34 00:01:52,000 --> 00:01:56,600 Speaker 3: Abu Dhabi said it had faced significant damage to one 35 00:01:56,640 --> 00:02:00,520 Speaker 3: of its aluminum facilities that led aluminum prices this morning 36 00:02:00,520 --> 00:02:03,720 Speaker 3: to surge as much as six percent before pairing some 37 00:02:03,760 --> 00:02:06,840 Speaker 3: of those gains. So you've got miners, producers of aluminum 38 00:02:06,960 --> 00:02:09,240 Speaker 3: really moving in tentem with that news. 39 00:02:09,840 --> 00:02:13,840 Speaker 1: Of course, the war story continues to affect the oil 40 00:02:13,960 --> 00:02:17,040 Speaker 1: market as well. We've been talking about Brent crude trading 41 00:02:17,360 --> 00:02:20,200 Speaker 1: above one hundred and fifteen dollars a barrel throughout the morning, 42 00:02:20,360 --> 00:02:21,880 Speaker 1: and I've got to think that's got to have an 43 00:02:21,919 --> 00:02:24,040 Speaker 1: impact on oil stocks as well. 44 00:02:24,360 --> 00:02:27,120 Speaker 3: Oh absolutely. I mean Brent crude over the past month 45 00:02:27,120 --> 00:02:30,400 Speaker 3: has surged ninety percent, so inevitably it's going to leave 46 00:02:30,440 --> 00:02:34,120 Speaker 3: that impact on oil majors in Europe. Some big oil 47 00:02:34,240 --> 00:02:36,400 Speaker 3: companies in the US are also moving. The likes of 48 00:02:36,480 --> 00:02:40,200 Speaker 3: Chevron Exxon are one point three percent higher at Lease 49 00:02:40,320 --> 00:02:42,720 Speaker 3: this morning. And again, as you mentioned, this is on 50 00:02:42,760 --> 00:02:45,280 Speaker 3: the back of Brent. Earlier in the session, it was 51 00:02:45,320 --> 00:02:48,320 Speaker 3: at one hundred and sixteen dollars a barrel, now roaming 52 00:02:48,400 --> 00:02:51,480 Speaker 3: closer to one hundred and fifteen dollars. And this is 53 00:02:51,520 --> 00:02:54,400 Speaker 3: really after the escalations that we've seen over the weekend 54 00:02:54,560 --> 00:02:57,480 Speaker 3: in the Middle East, with the Houthies for the first 55 00:02:57,520 --> 00:03:00,880 Speaker 3: time since the start of this conflict getting directly involved, 56 00:03:01,280 --> 00:03:03,760 Speaker 3: and also some of the conflicting statements that we've seen 57 00:03:03,800 --> 00:03:07,200 Speaker 3: about reaching a deal by both President Trump's administration but 58 00:03:07,240 --> 00:03:10,240 Speaker 3: also in Iran. So you've got oil majors across the 59 00:03:10,240 --> 00:03:13,560 Speaker 3: board moving upward to this news as they have been 60 00:03:14,080 --> 00:03:15,679 Speaker 3: over the past five weeks or so. 61 00:03:15,919 --> 00:03:18,160 Speaker 1: Now we're seeing a lot of active trade as well 62 00:03:18,320 --> 00:03:21,720 Speaker 1: in the mag seven. What's happening with Nvidia. 63 00:03:21,760 --> 00:03:24,560 Speaker 3: Yeah, absolutely, so generally, what you're seeing across the Mac 64 00:03:24,600 --> 00:03:28,920 Speaker 3: seven cohort today is that they're rebounding in today's pre 65 00:03:29,000 --> 00:03:32,120 Speaker 3: market trade. This is after they suffered their worst one 66 00:03:32,200 --> 00:03:34,920 Speaker 3: week sell off in almost a year last year and 67 00:03:35,000 --> 00:03:39,000 Speaker 3: last week. Excuse me, So Nvidia is adding to its 68 00:03:39,000 --> 00:03:42,800 Speaker 3: gains this morning after French AI startup Mistral said that 69 00:03:42,840 --> 00:03:45,720 Speaker 3: it had raised about eight hundred and thirty million dollars 70 00:03:45,760 --> 00:03:49,920 Speaker 3: in its debut debt financing, essentially to support the construction 71 00:03:50,040 --> 00:03:54,840 Speaker 3: of Nvidia power data centers across Europe. So we're seeing 72 00:03:55,360 --> 00:03:59,560 Speaker 3: a slight gain in Nvidia this morning, nearly five point 73 00:03:59,640 --> 00:04:03,360 Speaker 3: five percent higher, but it's acting favorably to that news. 74 00:04:04,600 --> 00:04:08,840 Speaker 2: The Stockmovers report from Bloomberg Radio. Check back with us 75 00:04:08,840 --> 00:04:11,680 Speaker 2: throughout the day for the latest roundup of companies making 76 00:04:11,720 --> 00:04:15,360 Speaker 2: news on Wall Street and for the latest market moving headlines. 77 00:04:15,560 --> 00:04:19,560 Speaker 2: Listen to Bloomberg Radio Live, catch us on YouTube, Bloomberg 78 00:04:19,600 --> 00:04:22,680 Speaker 2: dot com, and on Applecarplay and Android Auto with the 79 00:04:22,720 --> 00:04:24,080 Speaker 2: Bloomberg Business app.