1 00:00:02,480 --> 00:00:07,400 Speaker 1: Bloomberg Audio Studios, podcasts, radio news. 2 00:00:10,039 --> 00:00:13,520 Speaker 2: This is the closing bell on this stock mover's report. 3 00:00:13,760 --> 00:00:16,680 Speaker 2: The company's making moves at the close of US trading 4 00:00:16,880 --> 00:00:21,360 Speaker 2: with Carol Masser, Tim Stenebeck, Romain Bostik, and Katie Greifel. 5 00:00:22,400 --> 00:00:23,799 Speaker 3: All right, so let me get to some of the 6 00:00:23,840 --> 00:00:27,200 Speaker 3: individual gainers if I may. Let's bring up core Weave 7 00:00:27,320 --> 00:00:29,840 Speaker 3: and Meta Platforms together. Three and a half percent to 8 00:00:29,840 --> 00:00:32,440 Speaker 3: the upside for core Weave, two point six percent higher 9 00:00:32,440 --> 00:00:35,760 Speaker 3: for Meta platforms. Core Weave though rallying specifically as the 10 00:00:35,800 --> 00:00:38,800 Speaker 3: company struck another much larger twenty one billion dollar deal 11 00:00:38,840 --> 00:00:42,400 Speaker 3: to supply computing power to meta platforms through twenty thirteen, 12 00:00:42,520 --> 00:00:46,000 Speaker 3: so deepening its business with Meta that's trying to catch 13 00:00:46,040 --> 00:00:48,720 Speaker 3: up in the race to build more powerful AI models. 14 00:00:48,720 --> 00:00:51,479 Speaker 3: Core we will provide a cloud capacity to Meta from 15 00:00:51,560 --> 00:00:55,160 Speaker 3: multiple data centers, powered in part by Nvidia's Rubin systems 16 00:00:55,160 --> 00:00:55,600 Speaker 3: of chips. 17 00:00:55,600 --> 00:00:56,000 Speaker 2: Corewave. 18 00:00:56,040 --> 00:00:58,720 Speaker 3: By the way, guys now holds thirty five billion dollars 19 00:00:58,760 --> 00:01:02,760 Speaker 3: in contracts with metas, so that circular financing seems to continue. 20 00:01:02,800 --> 00:01:05,959 Speaker 3: It feels like moving on over to Intel, this was 21 00:01:06,280 --> 00:01:09,120 Speaker 3: some outperformance there as well. This one up four point 22 00:01:09,240 --> 00:01:11,880 Speaker 3: seven percent by the close company trying to promote the 23 00:01:11,959 --> 00:01:15,160 Speaker 3: use of its technology and data center said Alphabet's Google 24 00:01:15,640 --> 00:01:19,560 Speaker 3: has committed to using future generations of its Xenon processors 25 00:01:19,600 --> 00:01:23,240 Speaker 3: and other chips. It's a multi year agreement. And this 26 00:01:23,360 --> 00:01:25,759 Speaker 3: is really part of a push by Intel to better 27 00:01:25,800 --> 00:01:28,680 Speaker 3: capitalize on the build out of AI infrastructure and getting 28 00:01:28,760 --> 00:01:32,600 Speaker 3: a bigger slice of data centers. And they're spending critical 29 00:01:32,640 --> 00:01:35,720 Speaker 3: to a comeback bid under the company's CEO lip butan 30 00:01:35,840 --> 00:01:38,640 Speaker 3: by the way, Intel man, it's like at its highest 31 00:01:38,720 --> 00:01:41,679 Speaker 3: in five years. It's up about more than sixty percent 32 00:01:41,760 --> 00:01:44,520 Speaker 3: year to date, and thank you Romain for setting me 33 00:01:44,600 --> 00:01:47,000 Speaker 3: up there. Constellation brands and Brown Foreman just going to 34 00:01:47,120 --> 00:01:49,400 Speaker 3: throw those up together. Eight and a half percent higher 35 00:01:49,760 --> 00:01:54,640 Speaker 3: on Constellation, Brown Foreman up almost thirteen percent. First of all. Constellation, 36 00:01:54,800 --> 00:01:59,120 Speaker 3: you know, the maker of Corona and Modello sps especial 37 00:01:59,280 --> 00:02:02,280 Speaker 3: excuse me, top gainer in the S and T five hundred, 38 00:02:02,520 --> 00:02:04,320 Speaker 3: don't make fun of me, jumping the most in a 39 00:02:04,400 --> 00:02:08,079 Speaker 3: year earnings last night. Investors pitting hopes that the initially 40 00:02:08,120 --> 00:02:12,240 Speaker 3: disappointing guidance proves conservative execs, pointing out fiscal twenty twenty 41 00:02:12,280 --> 00:02:15,440 Speaker 3: six ended on a positive note, with momentum continuing into 42 00:02:15,440 --> 00:02:18,480 Speaker 3: March and then, as Romaine said, Brown Foreman rallying on 43 00:02:18,560 --> 00:02:22,120 Speaker 3: a report in the Wall Street Journal that Sazarek has 44 00:02:22,480 --> 00:02:25,519 Speaker 3: recently approached Brown Forman, the maker of Jack Daniels, about 45 00:02:25,560 --> 00:02:28,160 Speaker 3: a potential deal. According to folks familiar, keep in mind 46 00:02:28,400 --> 00:02:32,480 Speaker 3: bron Foreman has been talking with Francis Perneu recard. 47 00:02:33,160 --> 00:02:35,880 Speaker 4: The bell of the ball, which one brown Foreman. 48 00:02:35,639 --> 00:02:36,920 Speaker 1: Man, Yeah, that's be nice. 49 00:02:37,000 --> 00:02:37,600 Speaker 3: Bottoms up. 50 00:02:37,840 --> 00:02:41,240 Speaker 4: Okay, let's get to decliners. Remember we used talk about 51 00:02:41,480 --> 00:02:45,919 Speaker 4: all the time, we talked about software under threat from AI. 52 00:02:46,000 --> 00:02:47,799 Speaker 4: Well that's back in the news now at the I 53 00:02:47,919 --> 00:02:51,760 Speaker 4: Shares Expanded Tech Software sector ETF down three point nine percent. 54 00:02:52,680 --> 00:02:55,320 Speaker 4: We're talking about companies like Microsoft palent here making up 55 00:02:55,320 --> 00:02:59,240 Speaker 4: a good portion of this ETF. They fell on Thursday 56 00:02:59,240 --> 00:03:02,680 Speaker 4: and mid concerns about disruption from AI services. Keeping an 57 00:03:02,680 --> 00:03:05,920 Speaker 4: eye on that back in the news again. Also, a 58 00:03:05,919 --> 00:03:09,520 Speaker 4: couple of companies on our radar today include Flutter Entertainment 59 00:03:09,880 --> 00:03:12,920 Speaker 4: and a Draft Kings Flutter the parent company of FanDuel. 60 00:03:13,480 --> 00:03:16,919 Speaker 4: Both of these companies fell today the sports betting stocks 61 00:03:17,000 --> 00:03:20,359 Speaker 4: as lawmakers in Ohio considered legislation they would limit which 62 00:03:20,440 --> 00:03:23,840 Speaker 4: kinds of sports wagers could be placed and eliminate mobile 63 00:03:23,840 --> 00:03:27,119 Speaker 4: betting entirely. That's according to multiple media sources, including NBC four. 64 00:03:27,240 --> 00:03:30,560 Speaker 4: Flutter fell by three point nine percent, DraftKings fell by 65 00:03:30,600 --> 00:03:36,240 Speaker 4: seven percent. Under the proposed legislation, ohioans would not be 66 00:03:36,240 --> 00:03:38,800 Speaker 4: allowed to place prop bets in game bets or parlays. 67 00:03:38,800 --> 00:03:42,160 Speaker 4: That's according to NBC four, and the worst performer in 68 00:03:42,200 --> 00:03:44,760 Speaker 4: this sn P five hundred saw some late selling today. 69 00:03:45,160 --> 00:03:48,440 Speaker 4: Texas Pacific Land Corp. Shares down on the day by 70 00:03:48,640 --> 00:03:51,080 Speaker 4: more than fifteen percent. Round that up to sixteen percent. 71 00:03:51,320 --> 00:03:53,680 Speaker 4: This after the death of Murray Stall, the CEO of 72 00:03:53,720 --> 00:03:58,480 Speaker 4: its largest shareholder, Horizon Kinetics Holding Corp. Was announced this today. 73 00:03:58,720 --> 00:04:01,360 Speaker 4: Horizon Cinetics owns close to fifteen percent of Texas Pacific 74 00:04:01,440 --> 00:04:04,840 Speaker 4: Land Corp. Held share since the nineteen eighties. Stall argued 75 00:04:04,880 --> 00:04:07,880 Speaker 4: the company's business model would increase the stocks value over time. 76 00:04:08,520 --> 00:04:11,080 Speaker 4: Texas Pecific Landcorp. Has about nine hundred thousand acres in 77 00:04:11,080 --> 00:04:14,960 Speaker 4: West Texas. They use different land for different projects, including 78 00:04:15,040 --> 00:04:19,240 Speaker 4: bitcoin mining, renewable power projects. Companies like Alphabet and Amazon 79 00:04:19,279 --> 00:04:20,920 Speaker 4: have expressed interest in the land as well. 80 00:04:21,160 --> 00:04:23,000 Speaker 1: Let's take a quick look at yields. This is one 81 00:04:23,000 --> 00:04:24,760 Speaker 1: of those days where what you see on your screen 82 00:04:24,839 --> 00:04:28,039 Speaker 1: really doesn't tell the whole story. Modis moves to the 83 00:04:28,080 --> 00:04:30,440 Speaker 1: downsiding yields on the shorter end of the curve. Modess 84 00:04:30,440 --> 00:04:33,520 Speaker 1: moves to the upside on the longer end of the curve. 85 00:04:33,560 --> 00:04:35,240 Speaker 1: But there was a ton of volatility, and it was 86 00:04:35,279 --> 00:04:37,320 Speaker 1: really because of a wide range of issues. You had 87 00:04:37,320 --> 00:04:39,920 Speaker 1: a treasury auction today that move yields around. You had 88 00:04:39,920 --> 00:04:42,320 Speaker 1: a lot of comments coming out about the situation going 89 00:04:42,320 --> 00:04:45,120 Speaker 1: on in the Middle East, specifically with regards to Israel 90 00:04:45,200 --> 00:04:48,400 Speaker 1: and Lebanon. That bounce yields around as well. Right now, 91 00:04:48,400 --> 00:04:50,599 Speaker 1: you have a bit of stasis here, a little bit different, 92 00:04:50,640 --> 00:04:52,560 Speaker 1: a much different story than what we're seeing in the 93 00:04:52,560 --> 00:04:55,240 Speaker 1: equity market, where we continue to see that rally going 94 00:04:55,279 --> 00:04:57,560 Speaker 1: in the bond market, a bit of indecisiveness as a 95 00:04:57,600 --> 00:05:00,000 Speaker 1: lot of people still trying to assess what comes next 96 00:05:00,320 --> 00:05:01,839 Speaker 1: in the situation in Italys. 97 00:05:03,200 --> 00:05:07,400 Speaker 2: The Stockmover's Report from Bloomberg Radio. Check back with us 98 00:05:07,480 --> 00:05:10,239 Speaker 2: throughout the day for the latest roundup of companies making 99 00:05:10,360 --> 00:05:13,919 Speaker 2: news on Wall Street and for the latest market moving headlines. 100 00:05:14,160 --> 00:05:18,159 Speaker 2: Listen to Bloomberg Radio Live. 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