Speaker 1: Bloomberg Audio Studios, podcasts, radio news.
Speaker 2: This is the closing bell on this stock mover's report.
Speaker 2: The company's making moves at the close of US trading
Speaker 2: with Carol Masser, Tim Stenebeck, Romain Bostik, and Katie Greifel.
Speaker 3: All right, so let me get to some of the
Speaker 3: individual gainers if I may. Let's bring up core Weave
Speaker 3: and Meta Platforms together. Three and a half percent to
Speaker 3: the upside for core Weave, two point six percent higher
Speaker 3: for Meta platforms. Core Weave though rallying specifically as the
Speaker 3: company struck another much larger twenty one billion dollar deal
Speaker 3: to supply computing power to meta platforms through twenty thirteen,
Speaker 3: so deepening its business with Meta that's trying to catch
Speaker 3: up in the race to build more powerful AI models.
Speaker 3: Core we will provide a cloud capacity to Meta from
Speaker 3: multiple data centers, powered in part by Nvidia's Rubin systems
Speaker 3: of chips.
Speaker 2: Corewave.
Speaker 3: By the way, guys now holds thirty five billion dollars
Speaker 3: in contracts with metas, so that circular financing seems to continue.
Speaker 3: It feels like moving on over to Intel, this was
Speaker 3: some outperformance there as well. This one up four point
Speaker 3: seven percent by the close company trying to promote the
Speaker 3: use of its technology and data center said Alphabet's Google
Speaker 3: has committed to using future generations of its Xenon processors
Speaker 3: and other chips. It's a multi year agreement. And this
Speaker 3: is really part of a push by Intel to better
Speaker 3: capitalize on the build out of AI infrastructure and getting
Speaker 3: a bigger slice of data centers. And they're spending critical
Speaker 3: to a comeback bid under the company's CEO lip butan
Speaker 3: by the way, Intel man, it's like at its highest
Speaker 3: in five years. It's up about more than sixty percent
Speaker 3: year to date, and thank you Romain for setting me
Speaker 3: up there. Constellation brands and Brown Foreman just going to
Speaker 3: throw those up together. Eight and a half percent higher
Speaker 3: on Constellation, Brown Foreman up almost thirteen percent. First of all. Constellation,
Speaker 3: you know, the maker of Corona and Modello sps especial
Speaker 3: excuse me, top gainer in the S and T five hundred,
Speaker 3: don't make fun of me, jumping the most in a
Speaker 3: year earnings last night. Investors pitting hopes that the initially
Speaker 3: disappointing guidance proves conservative execs, pointing out fiscal twenty twenty
Speaker 3: six ended on a positive note, with momentum continuing into
Speaker 3: March and then, as Romaine said, Brown Foreman rallying on
Speaker 3: a report in the Wall Street Journal that Sazarek has
Speaker 3: recently approached Brown Forman, the maker of Jack Daniels, about
Speaker 3: a potential deal. According to folks familiar, keep in mind
Speaker 3: bron Foreman has been talking with Francis Perneu recard.
Speaker 4: The bell of the ball, which one brown Foreman.
Speaker 1: Man, Yeah, that's be nice.
Speaker 3: Bottoms up.
Speaker 4: Okay, let's get to decliners. Remember we used talk about
Speaker 4: all the time, we talked about software under threat from AI.
Speaker 4: Well that's back in the news now at the I
Speaker 4: Shares Expanded Tech Software sector ETF down three point nine percent.
Speaker 4: We're talking about companies like Microsoft palent here making up
Speaker 4: a good portion of this ETF. They fell on Thursday
Speaker 4: and mid concerns about disruption from AI services. Keeping an
Speaker 4: eye on that back in the news again. Also, a
Speaker 4: couple of companies on our radar today include Flutter Entertainment
Speaker 4: and a Draft Kings Flutter the parent company of FanDuel.
Speaker 4: Both of these companies fell today the sports betting stocks
Speaker 4: as lawmakers in Ohio considered legislation they would limit which
Speaker 4: kinds of sports wagers could be placed and eliminate mobile
Speaker 4: betting entirely. That's according to multiple media sources, including NBC four.
Speaker 4: Flutter fell by three point nine percent, DraftKings fell by
Speaker 4: seven percent. Under the proposed legislation, ohioans would not be
Speaker 4: allowed to place prop bets in game bets or parlays.
Speaker 4: That's according to NBC four, and the worst performer in
Speaker 4: this sn P five hundred saw some late selling today.
Speaker 4: Texas Pacific Land Corp. Shares down on the day by
Speaker 4: more than fifteen percent. Round that up to sixteen percent.
Speaker 4: This after the death of Murray Stall, the CEO of
Speaker 4: its largest shareholder, Horizon Kinetics Holding Corp. Was announced this today.
Speaker 4: Horizon Cinetics owns close to fifteen percent of Texas Pacific
Speaker 4: Land Corp. Held share since the nineteen eighties. Stall argued
Speaker 4: the company's business model would increase the stocks value over time.
Speaker 4: Texas Pecific Landcorp. Has about nine hundred thousand acres in
Speaker 4: West Texas. They use different land for different projects, including
Speaker 4: bitcoin mining, renewable power projects. Companies like Alphabet and Amazon
Speaker 4: have expressed interest in the land as well.
Speaker 1: Let's take a quick look at yields. This is one
Speaker 1: of those days where what you see on your screen
Speaker 1: really doesn't tell the whole story. Modis moves to the
Speaker 1: downsiding yields on the shorter end of the curve. Modess
Speaker 1: moves to the upside on the longer end of the curve.
Speaker 1: But there was a ton of volatility, and it was
Speaker 1: really because of a wide range of issues. You had
Speaker 1: a treasury auction today that move yields around. You had
Speaker 1: a lot of comments coming out about the situation going
Speaker 1: on in the Middle East, specifically with regards to Israel
Speaker 1: and Lebanon. That bounce yields around as well. Right now,
Speaker 1: you have a bit of stasis here, a little bit different,
Speaker 1: a much different story than what we're seeing in the
Speaker 1: equity market, where we continue to see that rally going
Speaker 1: in the bond market, a bit of indecisiveness as a
Speaker 1: lot of people still trying to assess what comes next
Speaker 1: in the situation in Italys.
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