1 00:00:02,480 --> 00:00:09,680 Speaker 1: Bloomberg Audio Studios, podcasts, radio news. 2 00:00:09,880 --> 00:00:13,320 Speaker 2: This is the closing bell on this stock mover's report. 3 00:00:13,560 --> 00:00:16,520 Speaker 2: The company's making moves at the close of US trading 4 00:00:16,760 --> 00:00:21,440 Speaker 2: with Carol Masser, Tim Stenebeck, Romain Bostik, and Scarlett. 5 00:00:21,040 --> 00:00:24,720 Speaker 3: Food to the S and P five hundred. Back there 6 00:00:24,920 --> 00:00:27,760 Speaker 3: I go, and Scarlett. You've got three hundred and forty 7 00:00:27,960 --> 00:00:30,200 Speaker 3: names to the upside on this Monday, one hundred and 8 00:00:30,240 --> 00:00:32,199 Speaker 3: fifty four losing some ground and two unchanged. 9 00:00:32,200 --> 00:00:34,120 Speaker 4: All right, let's take collect the imapp and what it 10 00:00:34,200 --> 00:00:36,600 Speaker 4: shows is that there are only two sectors that finished 11 00:00:36,680 --> 00:00:39,720 Speaker 4: in the red. Consumer discretionary led by the auto companies, 12 00:00:40,120 --> 00:00:42,560 Speaker 4: down about eight tens of one percent. Energy also down 13 00:00:42,840 --> 00:00:46,440 Speaker 4: six tenths of one percent. Meantime, you have technology, financials 14 00:00:46,479 --> 00:00:48,479 Speaker 4: and real estate investment trust leading the events. 15 00:00:48,640 --> 00:00:51,880 Speaker 3: All right to the individual gainers. So HPE guys number 16 00:00:51,920 --> 00:00:53,479 Speaker 3: one gainer in the S and P five hundred, a 17 00:00:53,520 --> 00:00:56,760 Speaker 3: gain of eleven percent. In today's session, the Justice Department 18 00:00:56,760 --> 00:01:00,960 Speaker 3: settling its lawsuit challenging HPE's thirteen billion dollar takeover of 19 00:01:01,040 --> 00:01:03,840 Speaker 3: Juniper Network. So what they are going to require is 20 00:01:03,840 --> 00:01:08,040 Speaker 3: that the combined company sales HPE's instant on wireless networking 21 00:01:08,080 --> 00:01:11,160 Speaker 3: business and auction off a license to Juniper's competing miss 22 00:01:11,280 --> 00:01:14,280 Speaker 3: business still has to be improved by a cord would 23 00:01:14,280 --> 00:01:16,080 Speaker 3: negate the need for a trial that was set to 24 00:01:16,080 --> 00:01:19,120 Speaker 3: start July ninth in San Jose, California, And the deal 25 00:01:19,160 --> 00:01:22,560 Speaker 3: would have consolidated the sector from three major players to two, 26 00:01:22,640 --> 00:01:25,160 Speaker 3: controlling seventy percent of the market. But the settlement basically 27 00:01:25,160 --> 00:01:28,920 Speaker 3: preserves competition in the global networking market. But nonetheless, investors 28 00:01:29,000 --> 00:01:31,720 Speaker 3: cheering hpe I should point out Juniper also doing well, 29 00:01:31,800 --> 00:01:34,080 Speaker 3: up about eight and a half percent. Now I'm going 30 00:01:34,160 --> 00:01:36,400 Speaker 3: to flip on over to Oracle. It was up as 31 00:01:36,440 --> 00:01:38,319 Speaker 3: much as eight and a half percent in today's session, 32 00:01:38,640 --> 00:01:40,720 Speaker 3: finishing the day with a game of about four percent, 33 00:01:40,880 --> 00:01:43,680 Speaker 3: rallying on news that it assigned a single cloud deal 34 00:01:43,680 --> 00:01:47,280 Speaker 3: worth thirty billion dollars in annual revenue and it's expected 35 00:01:47,319 --> 00:01:50,200 Speaker 3: to start flowing in fiscal year twenty twenty eight. It 36 00:01:50,280 --> 00:01:53,640 Speaker 3: did not name the customer, but the deal among the 37 00:01:53,720 --> 00:01:56,880 Speaker 3: largest cloud contracts on record and would mass sent nearly 38 00:01:57,000 --> 00:02:00,640 Speaker 3: three times the size of its current infrastructure. 39 00:02:00,640 --> 00:02:02,520 Speaker 1: You know what I love about this? I said, thirty 40 00:02:02,560 --> 00:02:05,880 Speaker 1: billion dollars annually, right, Yeah, so narrow it down. I mean, 41 00:02:05,880 --> 00:02:07,640 Speaker 1: how many customers can are out there that are. 42 00:02:07,640 --> 00:02:08,840 Speaker 3: Thirty big dudes? 43 00:02:08,919 --> 00:02:10,760 Speaker 1: Right? So yeah, it's a list of. 44 00:02:10,680 --> 00:02:12,760 Speaker 3: About sounds like I want to give a hint. 45 00:02:13,480 --> 00:02:14,639 Speaker 1: No, not on air. 46 00:02:15,800 --> 00:02:19,000 Speaker 5: It's it's just gigantic. I mean you can consider that, 47 00:02:20,000 --> 00:02:23,120 Speaker 5: you know, Google was paying twenty billion dollars a year 48 00:02:23,120 --> 00:02:25,680 Speaker 5: to Apple and that was already a mind blowing figure 49 00:02:26,000 --> 00:02:29,440 Speaker 5: to put Chrome front and center. So this, you know, 50 00:02:29,840 --> 00:02:31,639 Speaker 5: is fifty percent more than that. 51 00:02:31,720 --> 00:02:34,399 Speaker 3: Obviously, think that's huge, a brody Ford said on President's 52 00:02:34,400 --> 00:02:36,480 Speaker 3: scale and president win for Oracle. But they're also going 53 00:02:36,520 --> 00:02:38,360 Speaker 3: to have to spend big right to meet this like 54 00:02:38,400 --> 00:02:40,160 Speaker 3: and build it out, So just keep that in mind. 55 00:02:40,240 --> 00:02:43,160 Speaker 5: Also at thirty billion, at the deal that they're offering, 56 00:02:43,160 --> 00:02:45,920 Speaker 5: I don't know if you listen to Bloomberg Radio very often, nevers, 57 00:02:46,000 --> 00:02:49,040 Speaker 5: if you sign up for Oracles Web Services now switching 58 00:02:49,040 --> 00:02:51,200 Speaker 5: from another provider, they'll give you fifty percent off, So 59 00:02:51,240 --> 00:02:53,320 Speaker 5: it would be sixty billion dollars a year. 60 00:02:54,680 --> 00:02:57,680 Speaker 3: I'm not sure if they got a sweetener. Okay, all right, 61 00:02:57,680 --> 00:02:59,320 Speaker 3: I'm going to go to something a little bit different, 62 00:02:59,360 --> 00:03:03,880 Speaker 3: little bit nutty tickers b M N R Bitmine Immersion 63 00:03:04,560 --> 00:03:07,800 Speaker 3: and this one's soaring. It's a microcap bitcoin minor, announcing 64 00:03:07,800 --> 00:03:09,800 Speaker 3: at two hundred and fifty million dollars private placement to 65 00:03:09,840 --> 00:03:12,960 Speaker 3: fund an Ether treasury and named Thomas Lee, the founder 66 00:03:13,000 --> 00:03:16,440 Speaker 3: of Funstrat, as chairman of its board. So following in 67 00:03:16,480 --> 00:03:18,400 Speaker 3: the likes of a model that we've seen by you know, 68 00:03:18,400 --> 00:03:21,000 Speaker 3: we talked about this with Joe Wisenthal, a model created 69 00:03:21,000 --> 00:03:24,600 Speaker 3: by Michael Saylor over at Love Tom Lee, Yeah, exactly, 70 00:03:24,600 --> 00:03:27,080 Speaker 3: stack up six hundred and ninety four percent here in 71 00:03:27,120 --> 00:03:27,920 Speaker 3: today's session. 72 00:03:28,000 --> 00:03:30,320 Speaker 5: Do you not love Tom Lee'scarland. I mean, he is 73 00:03:30,360 --> 00:03:32,079 Speaker 5: a CNBC contributor, so we think just. 74 00:03:32,120 --> 00:03:34,960 Speaker 4: Marveling at the share price drump from four dollars changed 75 00:03:35,000 --> 00:03:36,360 Speaker 4: to thirty four dollars. 76 00:03:36,520 --> 00:03:38,480 Speaker 3: It's crazy, right, remark, It's kind of crazy, and I 77 00:03:38,520 --> 00:03:41,200 Speaker 3: should put out honorable mention. Apple up about two percent 78 00:03:42,000 --> 00:03:45,000 Speaker 3: as it's considering maybe outside AI to help Siri. 79 00:03:45,200 --> 00:03:46,960 Speaker 4: People are happy that it's not going to spend more 80 00:03:46,960 --> 00:03:48,960 Speaker 4: money on AI, I know, trying to build it his 81 00:03:49,000 --> 00:03:49,400 Speaker 4: own AI. 82 00:03:49,600 --> 00:03:50,360 Speaker 3: Just buy it right. 83 00:03:50,560 --> 00:03:55,200 Speaker 5: Here are the losers Amazon, Amazon dot Com. I'm not 84 00:03:55,240 --> 00:03:57,360 Speaker 5: sure if this is why it's down, but I'm sure 85 00:03:57,360 --> 00:04:00,000 Speaker 5: you've all seen the reporting that you can't get an 86 00:04:00,040 --> 00:04:04,640 Speaker 5: Nintendo's switch to on Amazon dot Com the US site 87 00:04:04,640 --> 00:04:09,240 Speaker 5: because of a fight they had previously about selling unauthorized 88 00:04:09,320 --> 00:04:13,280 Speaker 5: Nintendo games. Apparently people were buying packs of Nintendo's games 89 00:04:13,320 --> 00:04:15,600 Speaker 5: and Asia at a discount and then bringing them here 90 00:04:15,640 --> 00:04:18,479 Speaker 5: to sell for cheap on the US site. Now you 91 00:04:18,520 --> 00:04:21,640 Speaker 5: can't find a switch too, which is like the biggest 92 00:04:21,760 --> 00:04:24,240 Speaker 5: console launch of all time. They sold three and a 93 00:04:24,279 --> 00:04:27,160 Speaker 5: half million switch tos in the first four days, and 94 00:04:27,200 --> 00:04:29,800 Speaker 5: they're looking at sell fifteen million total. Tesla you saw 95 00:04:29,880 --> 00:04:33,240 Speaker 5: down as well. It had been up briefly in this 96 00:04:33,320 --> 00:04:36,800 Speaker 5: morning's trade when I was anchoring Bloomberg Open Interest, which 97 00:04:36,839 --> 00:04:40,000 Speaker 5: is weekdays from nine am to eleven am on Bloomberg TV. 98 00:04:41,040 --> 00:04:44,560 Speaker 5: So Elon Musk was out on Saturday slamming the One 99 00:04:44,680 --> 00:04:48,640 Speaker 5: Big Beautiful Bill because it cuts the EV subsidies sooner 100 00:04:48,680 --> 00:04:52,880 Speaker 5: than expected or sooner than previously was planned. In September, 101 00:04:52,880 --> 00:04:54,240 Speaker 5: you won't be able to get the seventy five hundred 102 00:04:54,279 --> 00:04:57,200 Speaker 5: dollars back if you buy a Tesla or some other EV. 103 00:04:57,760 --> 00:05:02,400 Speaker 5: And then some smaller stocks ken ed down after the 104 00:05:02,480 --> 00:05:07,839 Speaker 5: hospice service provider saw weekn and expected Florida Medicare results 105 00:05:07,880 --> 00:05:10,920 Speaker 5: in April. In May. It's a much smaller, well now 106 00:05:11,000 --> 00:05:13,240 Speaker 5: even smaller. I think a seven and a half billion 107 00:05:13,279 --> 00:05:18,840 Speaker 5: dollar stocks ech. The ticker fortiv FTV is about twice 108 00:05:18,880 --> 00:05:22,160 Speaker 5: as big. That company down after management said second quarter 109 00:05:22,240 --> 00:05:26,719 Speaker 5: revenue will be hurt by increased pressure pricing price pricing pressure, 110 00:05:27,400 --> 00:05:31,160 Speaker 5: and lower demand. The company also completed separation of Precision 111 00:05:31,520 --> 00:05:34,880 Speaker 5: Technologies segment as Rallyant Corp, which trades under a separate 112 00:05:34,880 --> 00:05:37,480 Speaker 5: tickler RIL. So a couple of little movers there, but 113 00:05:37,880 --> 00:05:39,799 Speaker 5: I thought the big ones were more interesting. 114 00:05:39,839 --> 00:05:42,200 Speaker 1: Actually, all right, I'll add another mover to the pile 115 00:05:42,240 --> 00:05:45,440 Speaker 1: here in after hours trades here is a Boeing fractionally lower. 116 00:05:45,720 --> 00:05:48,160 Speaker 1: This after announcing that they are going to implement a 117 00:05:48,200 --> 00:05:51,400 Speaker 1: new CFO. Brian West, who's been in the job for 118 00:05:51,560 --> 00:05:54,000 Speaker 1: a little less than four years, going to be stepping aside, 119 00:05:54,080 --> 00:05:57,840 Speaker 1: and j Malavey, who had been the CFO over at 120 00:05:57,839 --> 00:06:00,920 Speaker 1: Lockheed Martin up until about April, will be taking on 121 00:06:01,040 --> 00:06:04,919 Speaker 1: that role. Of course, Kelly Orberg, relatively new CEO at Boeing, 122 00:06:04,960 --> 00:06:08,080 Speaker 1: has been trying to reshape things and get this company 123 00:06:08,080 --> 00:06:10,200 Speaker 1: and more importantly the stock back on track. But again 124 00:06:10,240 --> 00:06:13,120 Speaker 1: the headline a new CFO at Boeing. All right, let's 125 00:06:13,160 --> 00:06:15,039 Speaker 1: check in on yields for just one second. 126 00:06:15,040 --> 00:06:15,160 Speaker 3: Here. 127 00:06:15,200 --> 00:06:17,040 Speaker 1: We did see them move down, as that, of course 128 00:06:17,120 --> 00:06:19,200 Speaker 1: has been the trend line for the past few weeks, 129 00:06:19,200 --> 00:06:22,440 Speaker 1: to continue steepening of the yield curve, only down about 130 00:06:22,440 --> 00:06:24,440 Speaker 1: three basis points on the shorter end of the curve. 131 00:06:24,520 --> 00:06:26,479 Speaker 1: A little bit more of a move that we saw 132 00:06:26,520 --> 00:06:28,560 Speaker 1: on the longer end of the curve, dropping about five 133 00:06:28,600 --> 00:06:30,520 Speaker 1: basis points for your thirty year yield. 134 00:06:32,040 --> 00:06:36,040 Speaker 2: This Stock Movers report from Bloomberg Radio. Check back with 135 00:06:36,120 --> 00:06:38,720 Speaker 2: us throughout the day for the latest roundup of companies 136 00:06:38,800 --> 00:06:41,880 Speaker 2: making news on Wall Street and for the latest market 137 00:06:41,920 --> 00:06:46,400 Speaker 2: moving headlines. Listen to Bloomberg Radio Live, catch us on YouTube, 138 00:06:46,480 --> 00:06:49,960 Speaker 2: Bloomberg dot com, and on Applecarplay and Android Auto with 139 00:06:50,040 --> 00:06:51,520 Speaker 2: the Bloomberg Business app.