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Speaker 1: Bloomberg Audio Studios, podcasts, radio News.

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Speaker 2: This is the closing bell on this stock movers report

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Speaker 2: the company's making moves at the close of US trading

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Speaker 2: with Carol Masser, Tim Stenebeck, Romain Bostik, and Katie Greifel Well.

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Speaker 3: I want to take a look at some of the

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Speaker 3: gainers on the day today. Let's start with Alphabet Shares,

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Speaker 3: the parent company of Google, up a cool one percent

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Speaker 3: on the day today. The company entering a multi year

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Speaker 3: deal with Apple to power Apple's AI technology, including Siri.

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Speaker 3: The next generation of Apple Foundation models will be based

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Speaker 3: on Google's Gemini models and cloud tech to help power

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Speaker 3: future Apple intelligence features. Apple will maintain its privacy standards

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Speaker 3: by running its AI services on consumer devices or via

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Speaker 3: private cloud compute, and the Google tech will help support

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Speaker 3: a new version of Siri do this year. I think

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Speaker 3: it's really notable given that these two are competitors when

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Speaker 3: it comes to the iOS and Android operating system. So

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Speaker 3: the challenges in the new world of AI produce strange

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Speaker 3: Bedfellows also taking a look at shares of Walmart speaking

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Speaker 3: of technology, and I say speaking of tech because Walmart

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Speaker 3: is going to be the newest entrant in the Nasdaq

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Speaker 3: one hundred. That's going to be on January twentieth. That's

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Speaker 3: up a cool three percent today. Walmart will join the

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Speaker 3: Nasdaq one hundred later this month, this after Astrozenica is exiting.

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Speaker 3: The market cap of Walmart about nine hundred and forty

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Speaker 3: billion dollars, just shy of a one trillion dollar market cap,

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Speaker 3: would be the first retailer to reach that milestone. And finally,

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Speaker 3: sun Country Airlines today surging a little M and a news.

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Speaker 3: This their highest entry day level since February after the company,

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Speaker 3: along with Pure Allegiant Travel, announced a definitive merger agreement.

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Speaker 3: Now Allegiant is going to acquire sun Country. It's a

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Speaker 3: cash and stock transaction. It's an applied value of eighteen

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Speaker 3: dollars and eighty nine cents per sun Country share. Shares

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Speaker 3: of Sun Country Airline holdings today higher by about ten

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Speaker 3: point six percent.

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Speaker 4: Emily, all right, thanks to him. Now for the decliners,

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Speaker 4: I'm starting with Abercrombie and Fitch. It was down eighteen percent,

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Speaker 4: the lowest since early December, after the apparel retailer said

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Speaker 4: it now sees net sales up five percent for the

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Speaker 4: fourth quarter, and that was down from previous expectations of

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Speaker 4: up to six percent. It may be a case here

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Speaker 4: of just expectations that were too high, considering the fact

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Speaker 4: that the stock was up sixty two percent over the

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Speaker 4: past three months of Friday's close, so we did see

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Speaker 4: investors maybe taking some profits on these expectations getting paired back,

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Speaker 4: even just slightly. And of course, the big story today

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Speaker 4: in financial stocks is all about Trump's tweet here or

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Speaker 4: truth social posts that he called on credit card companies

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Speaker 4: to cap interest rates at ten percent for a year.

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Speaker 4: This is a move that could wipe out billions in

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Speaker 4: profits for one of the banking industry's biggest businesses. Capital

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Speaker 4: One are very own Page Smith telling us that this

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Speaker 4: is the company really to watch here, that we would

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Speaker 4: be affected by this in the biggest way, considering that

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Speaker 4: they're the largest US card issue were the stock tumbled

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Speaker 4: as much as eight percent, biggest intdate decline in about

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Speaker 4: nine months, before pairing losses slightly but still finishing the

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Speaker 4: day around six percent. Visa, of course, another very big

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Speaker 4: stock in this industry. It's interesting you look at what

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Speaker 4: analysts had to say. Mike may Own, analyst at Wells Fargo,

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Speaker 4: he said the cap proposed by the president could wipe

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Speaker 4: out earnings from cards for a year. Now he wasn't

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Speaker 4: signaling out Visa. But of course important to note here

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Speaker 4: that that stock was down about two percent.

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Speaker 1: All right, let's take a look at the yield space,

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Speaker 1: and I want to pay close attention here to what's

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Speaker 1: going on on the longer end of the treasury curve,

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Speaker 1: your thirty year yield. Remember, we started this day with

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Speaker 1: a lot of concerns about some of the policy proposals

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Speaker 1: being floated out of Washington that had a huge impact

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Speaker 1: on the treasury market. We saw selling across the curve,

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Speaker 1: though that's selling to debate as we got deeper into

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Speaker 1: the session. The net result of it all is not

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Speaker 1: a whole lot of movement on the short end of

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Speaker 1: the curve, but that thirty year yield is down about

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Speaker 1: two basis points here on the day, or ten year

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Speaker 1: yield also down by me hire by doing about two

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Speaker 1: basis points on the day. Your thirty year yield also

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Speaker 1: hired by about two basis points as well here. And

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Speaker 1: you have a lot of folks coming out right now,

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Speaker 1: including the strategist over at JP Morgan, talking about the

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Speaker 1: potential for furthest deepening of that curve as some of

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Speaker 1: those policy proposals maybe scare away some investors from taking

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Speaker 1: any long duration bets.

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Speaker 2: Here this Stock Movers report from Bloomberg Radio. Check back

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Speaker 2: with us throughout the day for the latest roundup of

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Speaker 2: companies making news on Wall Street and for the latest

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Speaker 2: market moving headlines. Listen to Bloomberg Radio Live, catch us

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Speaker 2: on YouTube, Bloomberg dot com, and on Applecarplay and Android

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Speaker 2: Auto with the Bloomberg Business app.