Speaker 1: Bloomberg Audio Studios, podcasts, radio news.
Speaker 2: This is the closing bell on this stock movers report
Speaker 2: the company's making moves at the close of US trading
Speaker 2: with Carol Masser, Tim Stenebeck, Romain Bostick, and Scarlet Foo.
Speaker 3: The S and P five hundred post names in the
Speaker 3: index hired today three hundred and thirteen to the upside
Speaker 3: and Katie one hundred and eighty eight to the downside,
Speaker 3: two unchanged.
Speaker 4: Let's take a look at the sectors as measured by
Speaker 4: my friend the circle, and you can.
Speaker 5: See that again a risk on day.
Speaker 4: Look at Information technology that is bright green, that was
Speaker 4: one of your big gainers, say up about two point
Speaker 4: seven percent as a sector. Communication services also hire by
Speaker 4: about two and a half percent. Consumer discretionary industrials. The
Speaker 4: list goes on in terms of what didn't exactly perform today.
Speaker 4: On the downside, you have consumer staples, real estate and utilities.
Speaker 4: But again that too fixed into this risk on behavior
Speaker 4: that we see.
Speaker 5: All right, I'm going to go to the individual gainers.
Speaker 3: Let's start with Palenteer shares closing almost nine percent higher,
Speaker 3: its best day since April ninth. So that's stock a
Speaker 3: top gainer in the S and P five hundred, also
Speaker 3: the Nasdaq one hundred. Keep in mind they were down
Speaker 3: about eleven percent last week, but jumping in today's session.
Speaker 3: I will point out Michael Burie and his Scion Asset
Speaker 3: Management remember just revealing about one week ago in a
Speaker 3: filing at thirteen a half filing that at the end
Speaker 3: of September it owned a bearish put options on five
Speaker 3: million Palenteer shares with the value of about nine hundred
Speaker 3: twelve million.
Speaker 5: But there's been this back and forth evaluation on this one.
Speaker 3: Many say way way overvalued, and we certainly saw investors
Speaker 3: rethink it last week, but nonetheless investors coming back in
Speaker 3: a big way. Semiconductors I mentioned definitely some outperformance in
Speaker 3: the overall sector today. I got to mention Micron Technology.
Speaker 3: This was one of the outperformers, up about six and
Speaker 3: a half percent in today's session and a top gainer
Speaker 3: in both the S and P and Nasdaq one hundred.
Speaker 5: Micron two was up about six percent last week, even.
Speaker 3: Though the socks was overall down about four percent last week,
Speaker 3: but again investors continuing to move into it.
Speaker 5: You also had TSMC.
Speaker 3: Got to mention that one the ADRs that trade here
Speaker 3: up about three percent. That just bye posting its slowest
Speaker 3: growth in eighteen months amid the AI bubble debate.
Speaker 5: So that's been going on.
Speaker 3: And then I'm just going to mention L Beauty really
Speaker 3: quickly up more than eight percent after announcing today the
Speaker 3: brand's official launch at Alta Beauty in Mexico. And just
Speaker 3: because I don't want Romaine to get on me, I
Speaker 3: got to mention C three AI. That stock just a
Speaker 3: quick bump up as much as twelve percent intra day
Speaker 3: on the news from Reuters that they're exploring a potential
Speaker 3: sale or some other options, but the stock finishing with
Speaker 3: about a three point six percent gain at the close.
Speaker 5: So I'm done all years anything Romain. No, not yet, Tim,
Speaker 5: Let's look that can't wait.
Speaker 6: I want to go with Decliner's. Shares of US healthcare,
Speaker 6: insurance and hospitals fell, including Senten, down eight point eight
Speaker 6: percent today. This as lawmakers come closer to ending a
Speaker 6: government down without securing any extension of the affordable characters.
Speaker 6: This is actually the worst performer on a percentage basis
Speaker 6: in the S and P five hundred now. As part
Speaker 6: of the Senate deal to end the shutdown, Democrats were
Speaker 6: able to obtain a pledge for a separate vote on
Speaker 6: healthcare tax credits in the coming weeks. Oscar Health, did
Speaker 6: they fail for that? We asked this question actually to
Speaker 6: get a trays a little earlier. Yeah, and she's whether
Speaker 6: or not that vote would happen or if Republicans would
Speaker 6: you know, come to the table in good faith? And
Speaker 6: she said she's been that's the question she's been getting
Speaker 6: most from clients this afternoon.
Speaker 5: What does cal she say?
Speaker 6: What are the prediction mark? I haven't pulled it up,
Speaker 6: yeah either right now, but I know what it says.
Speaker 6: What does it say?
Speaker 1: Probably zero?
Speaker 5: Okay?
Speaker 6: Oscar Health an honorable mention, fell seventeen and a half
Speaker 6: percent in other health insurer today. Shares of American Airlines
Speaker 6: also falling today, down two and a half percent. The
Speaker 6: company said weekend operations were challenging amid the government shutdown.
Speaker 1: Challenging.
Speaker 6: I think challenging. Many people who were try to fly,
Speaker 6: regardless of the airline would agree that they were challenging.
Speaker 5: Fourteen. How bad it was?
Speaker 6: We're canceledlmost flew frontier?
Speaker 5: Oh almost almost? Oh wow? Wow? Did you almost?
Speaker 6: Did you almost fire up the jet Romaine? I believe me,
Speaker 6: Trust me.
Speaker 1: I was calling every friend.
Speaker 6: I had, anyone flying north.
Speaker 5: Yeah, pretty much.
Speaker 6: You could have done the show from the I was
Speaker 6: goin to like, you know.
Speaker 1: Stand outside, you know, Balm Beach Airport and just hitchhike.
Speaker 6: I mean there to be fair. Plenty of planes are
Speaker 6: going that way. I always think about that. You could
Speaker 6: have looked at an empty leg or something. Anyway, another
Speaker 6: few numbers here to just think about. American Airlines government
Speaker 6: shutdown canceling fourteen hundred flights. The company saw over fifty
Speaker 6: seven thousand delay minutes, according an email statement by David Seymour,
Speaker 6: the company's COO. They also said that two undred and
Speaker 6: fifty thousand customers were affected. Separately, Bloomberg's second measure out
Speaker 6: with some data that drew from a sample of credit
Speaker 6: and debit card purchases made by US customers, and it's
Speaker 6: said that transactions observed by Second Measures showed the biggest
Speaker 6: decline among airlines companies for the month ending October. That
Speaker 6: was America Airlines down six and a half percent from
Speaker 6: a year earlier, and finally met Sarah Schers, falling by
Speaker 6: close to fifteen percent today. This after Novo Nordis declined
Speaker 6: to further raise its offer for the company they make
Speaker 6: experimental weight loss drug. That bidding more between Pfeiser and
Speaker 6: Novo Nordists coming to an end, Pfeiser getting victorious. We
Speaker 6: spoke to Bob Langreth about this. He's got a great
Speaker 6: piece on the Bloomberg terminal about how this deal came
Speaker 6: together with a little help from the US Federal Trade Commission.
Speaker 1: We should point out yields actually slightly higher on the
Speaker 1: day despite what the market seems to think, which is
Speaker 1: that we are going to get some more rate cuts
Speaker 1: given the state of the economy and the potential of
Speaker 1: that government shut down to end. Meanwhile, we are keeping
Speaker 1: an eye on earnings. We're waiting to hear from core Weave,
Speaker 1: and we're starting to get a trickle of news right
Speaker 1: now on Paramount sky Dance. I don't actually have the
Speaker 1: numbers for you just yet, but reading through the shareholder
Speaker 1: letter that they've put out, they're talking a lot about
Speaker 1: the cost cutting and efficiencies that they've seen. The company
Speaker 1: says that it sees about three billion dollars plus in
Speaker 1: total efficiencies now. And what they're saying is the first
Speaker 1: one hundred days since they basically closed out on that deal.
Speaker 1: The company also talks about investing in the business. And
Speaker 1: get this, they're also talking about implementing price increases in
Speaker 1: the United States early in the first quarter of twenty
Speaker 1: twenty six. So, of course David Ellison, who is just
Speaker 1: now sort of taking control over this company, putting a
Speaker 1: stamp on it, looking to raise potential prices there on
Speaker 1: its customers and scale back costs to a certain degree.
Speaker 1: Three billion dollars in efficiencies. That's up from the two
Speaker 1: billion dollars that the company had previously telegraphed. And now
Speaker 1: learning that the company plans to reduce its workforce by
Speaker 1: an additional sixteen hundred employees.
Speaker 4: Let's put a pin in paramount right now and quickly
Speaker 4: talk about the real, real reporting earnings. Here you can
Speaker 4: see shares are actually soaring after hours. They boosted their
Speaker 4: full year revenue forecast. They also beat estimates. When it
Speaker 4: comes to the look behind, let's start there. The third
Speaker 4: quarter adjusted loss for Sure coming in at four cents.
Speaker 4: The estimated loss for Sure had been for five point
Speaker 4: six cents, so a little bit narrower then expected. Did
Speaker 4: you think about the look ahead to hear the real
Speaker 4: reel season fourth quarter revenue one hundred and eighty eight
Speaker 4: million dollars to one hundred and ninety one million dollars.
Speaker 4: The estimate had been for one hundred and seventy nine
Speaker 4: point five million dollars, so that range ahead of the estimate.
Speaker 4: You can see the real reel again. Shares now up
Speaker 4: about ten percent after hours.
Speaker 2: This stock moover's report from Bloomberg Radio. Check back with
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