1 00:00:02,520 --> 00:00:07,440 Speaker 1: Bloomberg Audio Studios podcasts, radio news. 2 00:00:08,640 --> 00:00:13,040 Speaker 2: The Stock Movers podcast, your roundup of companies making moves 3 00:00:13,080 --> 00:00:17,439 Speaker 2: in the stock market, harnessing the power of Bloomberg Data. 4 00:00:17,920 --> 00:00:21,720 Speaker 1: I am Tim Stataveek along with Emily Grafeyo Bloomberg News 5 00:00:21,720 --> 00:00:25,200 Speaker 1: Process that reporter. We're joined by Bloomberg News Equities reporter Natalia. 6 00:00:25,320 --> 00:00:28,960 Speaker 1: Can you Javic for some stocks on the move? What'd 7 00:00:29,000 --> 00:00:29,600 Speaker 1: you find today? 8 00:00:29,880 --> 00:00:34,360 Speaker 3: Guys? Today I have three gainers again, so no decliners from. 9 00:00:34,320 --> 00:00:36,879 Speaker 1: Pally be amazing on a day where most stocks were 10 00:00:36,920 --> 00:00:38,000 Speaker 1: lower exactly. 11 00:00:38,080 --> 00:00:40,840 Speaker 3: But we have some good single stock stories. So first 12 00:00:40,840 --> 00:00:43,400 Speaker 3: of all, of course the big day for bank earnings, 13 00:00:43,440 --> 00:00:46,080 Speaker 3: I wanted to highlight City Group the ticker is C. 14 00:00:46,920 --> 00:00:50,479 Speaker 3: Shares rose by to the highest levels since two thousand 15 00:00:50,479 --> 00:00:53,760 Speaker 3: and eight. That was the best quarter for City traders 16 00:00:53,800 --> 00:00:56,520 Speaker 3: in five years. We know that revenue from banks fixed 17 00:00:56,560 --> 00:01:00,680 Speaker 3: and conventrating business increased by twenty percent. The bank also 18 00:01:00,720 --> 00:01:03,920 Speaker 3: said that it would ramp up stock buy bags after this, 19 00:01:05,000 --> 00:01:10,880 Speaker 3: successfully successfully passing a regulatory stress test. The company plans 20 00:01:10,880 --> 00:01:14,839 Speaker 3: to repurchase at least four billion dollars of shares this quarter. 21 00:01:14,880 --> 00:01:17,240 Speaker 3: This is more than three point seventy five billion the 22 00:01:17,319 --> 00:01:21,200 Speaker 3: firm bought during this entire half of this year, right, 23 00:01:21,240 --> 00:01:24,600 Speaker 3: and we also know that it plans to boost dividends 24 00:01:24,680 --> 00:01:29,080 Speaker 3: by sixty cents. And one other piece of news I 25 00:01:29,120 --> 00:01:32,280 Speaker 3: found pretty exciting that City Group also said that it's 26 00:01:32,360 --> 00:01:37,759 Speaker 3: considering issue its own stable coin, which could position this 27 00:01:37,959 --> 00:01:41,200 Speaker 3: firm is one of these early adopters across banks. 28 00:01:41,400 --> 00:01:43,160 Speaker 1: Yeah, it's funny. I asked Nathan Dean about this on 29 00:01:43,200 --> 00:01:48,160 Speaker 1: Bloomberg Crypto today and he said that not surprised that, 30 00:01:48,280 --> 00:01:50,440 Speaker 1: like the big banks are getting into this, and he 31 00:01:50,440 --> 00:01:53,440 Speaker 1: would expect every bank to start can at least consider this? 32 00:01:53,720 --> 00:01:55,720 Speaker 4: Yeah, I feel like it's one of those things where 33 00:01:55,720 --> 00:01:57,920 Speaker 4: like City is going to say, and then Jamie Didvan's 34 00:01:57,960 --> 00:01:59,000 Speaker 4: going to have to come out and. 35 00:01:58,960 --> 00:02:01,920 Speaker 1: He's going to have to do the day for Jamie Diamond. 36 00:02:02,040 --> 00:02:04,280 Speaker 4: Yeah, but that really piqued my interest. We don't have 37 00:02:04,280 --> 00:02:06,040 Speaker 4: a ton of details right about like what that plan 38 00:02:06,040 --> 00:02:08,160 Speaker 4: would look like, but it's certainly something to follow. 39 00:02:08,880 --> 00:02:10,160 Speaker 1: All Right, What else is on your radar? 40 00:02:10,400 --> 00:02:13,120 Speaker 3: N Vida, I think everyone knows the ticker and VDA 41 00:02:13,680 --> 00:02:16,440 Speaker 3: the stock has reached the highest level ever, of course, 42 00:02:16,480 --> 00:02:19,880 Speaker 3: on the news that the company plans to resume sales 43 00:02:19,919 --> 00:02:24,280 Speaker 3: of some of its chips to China. We know that 44 00:02:25,240 --> 00:02:29,120 Speaker 3: basically it would potentially add billions of dollars to Nvidia's revenue. 45 00:02:29,480 --> 00:02:33,880 Speaker 3: CEO Jensen Huang he already met with President Donald Trump 46 00:02:34,000 --> 00:02:39,000 Speaker 3: last week. Now he's in Beijing. He's attending some government 47 00:02:39,080 --> 00:02:43,040 Speaker 3: sponsored conferences, and he also was on Chinese TV and 48 00:02:43,080 --> 00:02:47,000 Speaker 3: he said, yes, the company secured an approval to begin shipping, 49 00:02:47,120 --> 00:02:50,560 Speaker 3: and Bloomberg Intelligence is saying that it reopens a key 50 00:02:50,639 --> 00:02:54,200 Speaker 3: sales channel for the US chip maker, so there is 51 00:02:54,280 --> 00:02:55,040 Speaker 3: more upside. 52 00:02:55,400 --> 00:02:58,720 Speaker 1: It's already a four hundred four point almost four point 53 00:02:58,720 --> 00:03:01,600 Speaker 1: two trillion dollar company after surpassing four trillion dollars in 54 00:03:01,639 --> 00:03:02,799 Speaker 1: market cap just last week. 55 00:03:02,919 --> 00:03:06,000 Speaker 4: Yeah, it's like kind of incredible to think about. Did 56 00:03:06,040 --> 00:03:09,359 Speaker 4: they even need this? Obviously Long said that they needed 57 00:03:09,760 --> 00:03:14,160 Speaker 4: that market, but they were doing pretty well even without it. Okay, finally, 58 00:03:14,520 --> 00:03:16,679 Speaker 4: MP Material EMP Materials. 59 00:03:16,720 --> 00:03:20,239 Speaker 3: The ticket is MP. This is a rare earth producer. 60 00:03:20,400 --> 00:03:24,960 Speaker 3: The stock HIT is up by twenty percent today. And 61 00:03:25,800 --> 00:03:29,120 Speaker 3: here we have this report from Fox Business, citing people 62 00:03:29,160 --> 00:03:31,680 Speaker 3: familiar with the matter, that the company would supply is 63 00:03:31,720 --> 00:03:36,720 Speaker 3: planning to supply its products to Apple. They will establish 64 00:03:36,840 --> 00:03:41,960 Speaker 3: the so called recycling line in California. And this is 65 00:03:42,000 --> 00:03:45,200 Speaker 3: also one of Apple's pledged to spend more than five 66 00:03:45,280 --> 00:03:49,440 Speaker 3: hundred billion dollars in the US. When I just googled, 67 00:03:49,600 --> 00:03:53,400 Speaker 3: I think we'll have to learn more about rare earth materials. 68 00:03:53,440 --> 00:03:56,080 Speaker 3: When I just did my research, I found it's not 69 00:03:56,200 --> 00:03:58,080 Speaker 3: just about the name that they are rare. It's just 70 00:03:58,120 --> 00:04:01,440 Speaker 3: like about crucial components that are used in electronics and stuff. 71 00:04:01,720 --> 00:04:05,000 Speaker 1: And the processing too, which China controls almost the well 72 00:04:05,160 --> 00:04:07,720 Speaker 1: definitely controls the majority of processing, and it's become this 73 00:04:08,240 --> 00:04:10,880 Speaker 1: bargaining chip with trade negotiations, and I think it's coming 74 00:04:10,920 --> 00:04:13,560 Speaker 1: to sharp relief that the US needs to figure out 75 00:04:13,560 --> 00:04:16,000 Speaker 1: how to decrease its reliance on Chinese rare earth. So 76 00:04:16,040 --> 00:04:17,800 Speaker 1: this is one way looks like they could do that. 77 00:04:18,440 --> 00:04:21,160 Speaker 3: Looks like that, Yes, guys, So these are three of 78 00:04:21,200 --> 00:04:24,679 Speaker 3: my gainers today. But going back also to your question 79 00:04:24,720 --> 00:04:27,960 Speaker 3: on Nvidia, I was thinking about this rally with lots 80 00:04:27,960 --> 00:04:31,960 Speaker 3: of conversations, will it broaden out or not with news 81 00:04:32,080 --> 00:04:35,440 Speaker 3: like that. I spoke with multiple traders today they said, 82 00:04:35,480 --> 00:04:37,560 Speaker 3: like the playbook is just stay with the winners. 83 00:04:38,680 --> 00:04:42,800 Speaker 2: The Stock Movers podcast from Bloomberg Radio check back with 84 00:04:42,880 --> 00:04:45,640 Speaker 2: us throughout the day for the latest roundup of companies 85 00:04:45,680 --> 00:04:48,719 Speaker 2: making news on Wall Street, and for the latest market 86 00:04:48,760 --> 00:04:53,120 Speaker 2: moving headlines. Listen to Bloomberg Radio Live. 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