1 00:00:02,520 --> 00:00:07,400 Speaker 1: Bloomberg Audio Studios, podcasts, radio news. 2 00:00:10,080 --> 00:00:13,520 Speaker 2: This is the closing bell on the stock mover's report 3 00:00:13,760 --> 00:00:16,720 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 stenovek Romain Bostik, and Katie Greyfell. 5 00:00:22,280 --> 00:00:24,200 Speaker 3: All right, let's get to some of the individual gainers. 6 00:00:24,440 --> 00:00:26,640 Speaker 3: This was the number one gainer in the NASDAQ one hundred, 7 00:00:26,800 --> 00:00:27,720 Speaker 3: number three gainer in the. 8 00:00:27,720 --> 00:00:28,680 Speaker 4: S and P five hundred. 9 00:00:28,720 --> 00:00:31,840 Speaker 3: I'm ignoring you booking holdings, a gain of about eight 10 00:00:31,880 --> 00:00:32,640 Speaker 3: and a half percent. 11 00:00:32,800 --> 00:00:36,880 Speaker 4: Mizuho, Mizoho, miszoo ho. I know, I always all. 12 00:00:36,840 --> 00:00:38,400 Speaker 5: Right, ignore him, ignore. 13 00:00:38,200 --> 00:00:42,919 Speaker 3: Him killing me mizu Ho moving the firm's top pic 14 00:00:42,960 --> 00:00:45,640 Speaker 3: and Internet to booking holdings away from Airbnb on the 15 00:00:45,680 --> 00:00:49,440 Speaker 3: expectation of a major relief rally, and this coming after 16 00:00:49,479 --> 00:00:52,080 Speaker 3: the information report that open ay is pulling back from 17 00:00:52,159 --> 00:00:56,720 Speaker 3: native chachipt checkout, pivoting instead to app based purchases. So 18 00:00:57,080 --> 00:01:00,560 Speaker 3: the firm believes that chatchypt's reported pivot away from platform 19 00:01:00,680 --> 00:01:04,160 Speaker 3: shopping checkout, if true, could spell the beginning of the 20 00:01:04,240 --> 00:01:08,520 Speaker 3: end of major disruption fears for Internet marketplace businesses, including 21 00:01:08,560 --> 00:01:12,399 Speaker 3: online travel agents and others. So they're like in this 22 00:01:12,440 --> 00:01:14,520 Speaker 3: one in a big way, so investors moving into that. 23 00:01:14,560 --> 00:01:17,160 Speaker 3: I think you saw investors move into Expedia as well. 24 00:01:17,600 --> 00:01:20,920 Speaker 3: Let's go to Broadcom. It is topping the Nasdaq one hundred, 25 00:01:21,000 --> 00:01:23,560 Speaker 3: up about four point eight percent. We did see the 26 00:01:23,560 --> 00:01:27,040 Speaker 3: stock bouncing around last night after it reported its latest 27 00:01:27,080 --> 00:01:30,200 Speaker 3: quarterly update. It did settle in today higher after the 28 00:01:30,240 --> 00:01:33,440 Speaker 3: company posted first quarter results that beat expectations on key 29 00:01:33,520 --> 00:01:34,640 Speaker 3: metrics gave a. 30 00:01:34,600 --> 00:01:35,960 Speaker 4: Positive revenue outlook. 31 00:01:36,200 --> 00:01:38,880 Speaker 3: The CEO Hawk Tans, saying the company expects its AI 32 00:01:39,040 --> 00:01:41,920 Speaker 3: hip sales to top one hundred billion next year and 33 00:01:41,920 --> 00:01:44,120 Speaker 3: that they've got the supply chain to do it. Super 34 00:01:44,120 --> 00:01:48,480 Speaker 3: important marking major inroads into territory dominated by video. 35 00:01:48,520 --> 00:01:49,840 Speaker 4: We know where they're trying to go after it. 36 00:01:50,160 --> 00:01:53,040 Speaker 3: And then here's for something different. I'm hoping you're going 37 00:01:53,080 --> 00:01:59,000 Speaker 3: to find this entertaining Roomain. We are seeing sable offshore. 38 00:02:00,400 --> 00:02:02,280 Speaker 1: Now, I'm very familiar with this story. Let me see 39 00:02:02,280 --> 00:02:02,919 Speaker 1: where you're going. 40 00:02:02,840 --> 00:02:05,840 Speaker 3: With Oh okay, well see you know everything. The stock 41 00:02:05,920 --> 00:02:07,880 Speaker 3: up about thirty seven percent. It's a one point eight 42 00:02:07,920 --> 00:02:13,400 Speaker 3: billion dollar market cap oil and gas exploration company jumping today, 43 00:02:13,600 --> 00:02:16,560 Speaker 3: extending a recent rally to a fifth straight session that 44 00:02:16,600 --> 00:02:18,959 Speaker 3: has pushed the stock up about sixty percent in the 45 00:02:19,000 --> 00:02:21,320 Speaker 3: past five days. This am ind news earlier this week 46 00:02:21,520 --> 00:02:23,760 Speaker 3: that the Chump administration will seek to invoke and act 47 00:02:23,800 --> 00:02:27,600 Speaker 3: to allow the company's Santa Ynez pipeline unit to restart 48 00:02:27,720 --> 00:02:30,280 Speaker 3: energy production. Keep in mind, twenty seven percent of the 49 00:02:30,320 --> 00:02:32,280 Speaker 3: float is short, so tell me more. Is there more 50 00:02:32,280 --> 00:02:33,000 Speaker 3: that you want to add to it? 51 00:02:33,040 --> 00:02:34,760 Speaker 1: No, I thought you were going to say something funny 52 00:02:34,840 --> 00:02:35,360 Speaker 1: or interesting. 53 00:02:35,520 --> 00:02:37,520 Speaker 4: Yeah, that never happens, you know. 54 00:02:37,639 --> 00:02:39,960 Speaker 3: That's what my brothers always say. 55 00:02:40,919 --> 00:02:42,000 Speaker 4: They're a tough crowd too. 56 00:02:42,200 --> 00:02:44,960 Speaker 5: All right, let's put some of the decliners on the 57 00:02:45,040 --> 00:02:45,600 Speaker 5: day of day. 58 00:02:45,600 --> 00:02:46,640 Speaker 1: Brothers. They sound cool. 59 00:02:46,639 --> 00:02:49,680 Speaker 4: They are a lot of fun. 60 00:02:50,520 --> 00:02:53,160 Speaker 5: I'm looking at what happened to ADRs of Roche today, 61 00:02:53,200 --> 00:02:57,160 Speaker 5: down six point three percent midday. We saw shares take 62 00:02:57,200 --> 00:03:00,680 Speaker 5: a dive this after we got results of Holding and 63 00:03:01,000 --> 00:03:04,880 Speaker 5: Zealand Pharma's experimental obesity shot. It helped patients lose as 64 00:03:04,960 --> 00:03:07,520 Speaker 5: much as ten point seven percent in a study with 65 00:03:07,560 --> 00:03:10,080 Speaker 5: a side effects comparable to that of a placebo. The 66 00:03:10,120 --> 00:03:13,640 Speaker 5: reason why shares fell is because investors compared that to 67 00:03:13,919 --> 00:03:16,760 Speaker 5: a similar drug from Eli Lilly that delivered as much 68 00:03:16,800 --> 00:03:20,160 Speaker 5: as twenty percent weight loss, So that result underwhelming to 69 00:03:20,400 --> 00:03:23,880 Speaker 5: investors stop UP Holdings not having a very good day. 70 00:03:24,120 --> 00:03:27,840 Speaker 5: The ticket reseller shares fell by twelve point four percent today, 71 00:03:28,040 --> 00:03:30,399 Speaker 5: This after the company's twenty twenty six forecast and fourth 72 00:03:30,440 --> 00:03:33,480 Speaker 5: quarter results came in below Wall Street estimates. Analysts pointed 73 00:03:33,480 --> 00:03:37,720 Speaker 5: to challenge is for comps because there's not a Taylor 74 00:03:37,840 --> 00:03:40,200 Speaker 5: Swift tour to boost sales. That is the power. 75 00:03:40,360 --> 00:03:41,680 Speaker 4: It has to take a break. 76 00:03:41,600 --> 00:03:42,840 Speaker 5: Every power of Taylor Swift. 77 00:03:42,880 --> 00:03:45,400 Speaker 4: I guess you get married, makes a family. 78 00:03:45,880 --> 00:03:48,840 Speaker 5: A couple firms also downgraded the stock. Shares fell twelve 79 00:03:48,840 --> 00:03:49,680 Speaker 5: point four percent. 80 00:03:49,680 --> 00:03:50,840 Speaker 1: There no other tours. 81 00:03:51,920 --> 00:03:54,880 Speaker 5: I mean, it's Taylor. It's Taylor. You know, she drives 82 00:03:54,920 --> 00:03:59,120 Speaker 5: it around the world to bad Bunny. He's the big one. Yeah, 83 00:03:59,120 --> 00:04:00,240 Speaker 5: that's a big one. 84 00:03:59,800 --> 00:03:59,960 Speaker 3: Yeah. 85 00:04:01,120 --> 00:04:04,840 Speaker 5: I'm also watching shares of UPS. United Parcel Service. They 86 00:04:04,920 --> 00:04:07,000 Speaker 5: were on track. Did you see this? They were on 87 00:04:07,080 --> 00:04:12,640 Speaker 5: track to actually close at a market value that would 88 00:04:12,680 --> 00:04:16,719 Speaker 5: fall below FedEx for the first time ever, reflecting investors 89 00:04:16,760 --> 00:04:19,640 Speaker 5: lenuering anxiety around UPS's long term growth trrectory. There's a 90 00:04:19,680 --> 00:04:22,240 Speaker 5: little uptick. At the end of the day. FedEx is 91 00:04:22,279 --> 00:04:26,760 Speaker 5: at eighty seven billion dollars in market cap. UPS still 92 00:04:26,800 --> 00:04:29,960 Speaker 5: above it at eighty eight point three five billion dollars, 93 00:04:30,040 --> 00:04:33,239 Speaker 5: so that day Romaine will have to wait. 94 00:04:33,560 --> 00:04:35,120 Speaker 1: All right, let's get just a morning. 95 00:04:35,160 --> 00:04:38,280 Speaker 6: It's Marvel, a technology that's semiconductor maker, out with its 96 00:04:38,360 --> 00:04:41,080 Speaker 6: results here. Eighty cents a share, that is the bottom 97 00:04:41,080 --> 00:04:43,560 Speaker 6: line number, a beat of about a penny. Revenue in 98 00:04:43,600 --> 00:04:45,880 Speaker 6: the most recent quarter two point two to two billion, 99 00:04:46,120 --> 00:04:48,719 Speaker 6: basically on the nose of what the street was looking for. 100 00:04:49,240 --> 00:04:52,159 Speaker 6: Not seeing a revenue forecast jump out at me, but 101 00:04:52,160 --> 00:04:55,120 Speaker 6: a jostah. Gross margins also coming in line with estimates 102 00:04:55,120 --> 00:04:57,000 Speaker 6: at about fifty nine percent. But just see the knee 103 00:04:57,040 --> 00:04:59,600 Speaker 6: jerk reaction there, up about six percent. We'll try to 104 00:04:59,600 --> 00:05:01,799 Speaker 6: dive a little bit deeper to find out exactly why. 105 00:05:03,160 --> 00:05:04,920 Speaker 6: And let's take a quick check of yield as well. 106 00:05:04,920 --> 00:05:07,279 Speaker 6: We're actually up for a fourth straight day on benchmark 107 00:05:07,320 --> 00:05:09,760 Speaker 6: ten year yield, something that of course hasn't actually happened 108 00:05:09,800 --> 00:05:13,040 Speaker 6: since early December of last year. A repricing out here 109 00:05:13,240 --> 00:05:16,040 Speaker 6: of FED expectations. You see that also reflected in your 110 00:05:16,040 --> 00:05:18,520 Speaker 6: two year yield higher by about three basis points. 111 00:05:19,160 --> 00:05:22,919 Speaker 3: Hey quick commentary on Marvel in the press release, companies 112 00:05:22,960 --> 00:05:26,080 Speaker 3: chairman and CEO Matt Murphy, he says we expect year 113 00:05:26,080 --> 00:05:28,840 Speaker 3: over year revenue growth to accelerate each quarter in fiscal 114 00:05:28,839 --> 00:05:31,320 Speaker 3: twenty twenty seven, driven by continued strength in our data 115 00:05:31,360 --> 00:05:34,600 Speaker 3: center business, with bookings continuing to grow at a record pace. 116 00:05:34,600 --> 00:05:38,320 Speaker 3: And maybe investors certainly excited about that. Hey, what I'm 117 00:05:38,360 --> 00:05:42,440 Speaker 3: excited about is that thank you United. So they basically 118 00:05:42,480 --> 00:05:45,279 Speaker 3: have updated their policy. Just listen, listen, this is the 119 00:05:45,279 --> 00:05:45,799 Speaker 3: whole point. 120 00:05:45,920 --> 00:05:46,240 Speaker 5: Listen. 121 00:05:47,400 --> 00:05:52,080 Speaker 3: They're going to require passengers to use headphones for audio 122 00:05:52,200 --> 00:05:52,599 Speaker 3: or video. 123 00:05:52,640 --> 00:05:54,360 Speaker 4: I don't even know why we have to tell people. 124 00:05:54,440 --> 00:05:56,960 Speaker 1: Oh, I know what, I know we've been on lately. 125 00:05:57,200 --> 00:05:59,839 Speaker 3: If you don't do it, they can remove you from 126 00:05:59,839 --> 00:06:02,880 Speaker 3: the fight and possibly do a permanent ban. Read the 127 00:06:02,920 --> 00:06:05,400 Speaker 3: fine print, folks, and if we could just do that 128 00:06:05,480 --> 00:06:08,000 Speaker 3: on subway please. 129 00:06:08,080 --> 00:06:10,839 Speaker 6: Carol's fired up here because who hurts you, Carol? 130 00:06:11,080 --> 00:06:13,200 Speaker 4: No, it's like, be considerate. 131 00:06:13,440 --> 00:06:15,520 Speaker 1: Yeah, huh, I do want to know. 132 00:06:15,640 --> 00:06:17,880 Speaker 6: I mean, how many repeat offenses do you have to 133 00:06:17,920 --> 00:06:20,760 Speaker 6: have to be permanently banned from the airline? 134 00:06:20,800 --> 00:06:23,159 Speaker 5: That is my big question reading this story. 135 00:06:23,200 --> 00:06:24,720 Speaker 6: You're going to remove them though, we're putting this on 136 00:06:25,000 --> 00:06:27,080 Speaker 6: the flight attendants again, I thought that I was starting 137 00:06:27,120 --> 00:06:28,040 Speaker 6: to feel sorry for them. 138 00:06:28,120 --> 00:06:30,480 Speaker 1: Yeah, they're already dealing with all kind of unruly stuff. 139 00:06:30,800 --> 00:06:34,760 Speaker 1: Yeah so, but yeah, but Carol, you seem very I'm 140 00:06:34,800 --> 00:06:35,280 Speaker 1: happy for you. 141 00:06:36,480 --> 00:06:39,680 Speaker 3: I love I love I love people. I love the 142 00:06:39,760 --> 00:06:42,040 Speaker 3: sharing concept, but sometimes I don't really want to them. 143 00:06:42,040 --> 00:06:42,720 Speaker 1: I don't want to share. 144 00:06:42,800 --> 00:06:44,800 Speaker 6: No, I don't want to share audio either. I don't 145 00:06:44,839 --> 00:06:46,560 Speaker 6: want to hear what you're listening to. I know you 146 00:06:46,600 --> 00:06:47,760 Speaker 6: think it's dope, but I don't. 147 00:06:48,040 --> 00:06:54,640 Speaker 2: So the stock Mover's report from Bloomberg Radio. Check back 148 00:06:54,680 --> 00:06:56,919 Speaker 2: with us throughout the day for the latest roundup of 149 00:06:56,960 --> 00:07:00,080 Speaker 2: companies making news on Wall Street, and for the it 150 00:07:00,160 --> 00:07:04,280 Speaker 2: is market moving headlines. Listen to Bloomberg Radio Live, catch 151 00:07:04,360 --> 00:07:07,720 Speaker 2: us on YouTube, Bloomberg dot com, and on applecarplay and 152 00:07:07,839 --> 00:07:10,240 Speaker 2: Android Auto with the Bloomberg Business app.