1 00:00:02,520 --> 00:00:07,360 Speaker 1: Bloomberg Audio Studios, podcasts, radio News. 2 00:00:08,560 --> 00:00:12,440 Speaker 2: The Stock Movers Report, your roundup of companies making moves 3 00:00:12,480 --> 00:00:15,880 Speaker 2: in the stock market, harnessing the power of Bloomberg Data. 4 00:00:16,720 --> 00:00:18,560 Speaker 2: Let's take a look at some stocks on the move today. 5 00:00:18,560 --> 00:00:20,880 Speaker 2: I'm Tim Staneveek along with Carol Masser with us as 6 00:00:20,880 --> 00:00:23,680 Speaker 2: Bloomberg News acutis reporter Alexandra Semenova. 7 00:00:23,760 --> 00:00:26,320 Speaker 1: Alex what are you watching? We, of course, guys have 8 00:00:26,400 --> 00:00:29,160 Speaker 1: to start with Oracle, because you just mentioned that headline 9 00:00:29,160 --> 00:00:31,800 Speaker 1: flashing across the Bloomberg terminal of a Wall Street Journal 10 00:00:31,800 --> 00:00:36,159 Speaker 1: report that says that Oracle Interestine Horowitz, and Silverlake are 11 00:00:36,200 --> 00:00:38,680 Speaker 1: poised to control TikTok in the US. Obviously, this is 12 00:00:39,000 --> 00:00:41,560 Speaker 1: big news, you know, when there was so much at 13 00:00:41,600 --> 00:00:44,720 Speaker 1: stake with this deal. This follows news that negotiations over 14 00:00:44,760 --> 00:00:48,360 Speaker 1: the future of the company are progressing, relieving some of 15 00:00:48,360 --> 00:00:52,120 Speaker 1: that uncertainty over you know, some of the key customers 16 00:00:52,159 --> 00:00:55,200 Speaker 1: in the US. President Trump had said that he's scheduled 17 00:00:55,200 --> 00:00:58,360 Speaker 1: to speak to Chinese President Shee didn Ping on Friday, 18 00:00:58,440 --> 00:01:00,880 Speaker 1: and this was part of the discussions. He said that 19 00:01:00,920 --> 00:01:03,320 Speaker 1: a framework to keep the app running in the US 20 00:01:03,840 --> 00:01:07,160 Speaker 1: was reached, and accordingly, the stock is up just a 21 00:01:07,160 --> 00:01:10,120 Speaker 1: little bit right now, about five tenths of a percent. 22 00:01:10,200 --> 00:01:12,160 Speaker 1: It was up as much as five point nine percent 23 00:01:12,240 --> 00:01:14,200 Speaker 1: earlier in the day. But also have to mention that 24 00:01:14,240 --> 00:01:17,160 Speaker 1: it has had an incredible run from its earnings report 25 00:01:17,240 --> 00:01:20,080 Speaker 1: last week, where it really wowed investors with its guidance, 26 00:01:20,080 --> 00:01:21,800 Speaker 1: and it's up eighty three percent year today. 27 00:01:21,840 --> 00:01:24,440 Speaker 2: It makes me wonder how this all fits together, because 28 00:01:24,440 --> 00:01:26,600 Speaker 2: obviously some of this stuff was moving along. 29 00:01:26,640 --> 00:01:29,280 Speaker 1: I guess we can kind of assume, but and I 30 00:01:29,280 --> 00:01:31,880 Speaker 1: guess they get the secret algorithm to TikTok or do 31 00:01:31,959 --> 00:01:33,640 Speaker 1: they not? It seems like it. 32 00:01:33,680 --> 00:01:34,120 Speaker 2: We don't know. 33 00:01:34,200 --> 00:01:37,399 Speaker 1: Again, all of this is just based on investor excitement 34 00:01:37,440 --> 00:01:39,720 Speaker 1: because it was about that guidance when they missed their earnings, 35 00:01:39,720 --> 00:01:41,880 Speaker 1: and now at this point we don't really have any 36 00:01:41,959 --> 00:01:45,280 Speaker 1: confirmation of how exactly they'll be involved, and yet investors 37 00:01:45,280 --> 00:01:46,720 Speaker 1: seem pretty enthusiastic about it. 38 00:01:46,920 --> 00:01:48,880 Speaker 2: United Airline Holdings just a quick line on it. 39 00:01:48,960 --> 00:01:51,400 Speaker 1: Yeah, we love a micro story that is a macro story. 40 00:01:51,440 --> 00:01:53,960 Speaker 1: And here he is saying that travel demand is going 41 00:01:54,040 --> 00:01:56,680 Speaker 1: up and it's showing that the economy is stronger than 42 00:01:56,760 --> 00:01:59,200 Speaker 1: statistics show. He said that airline demand is a good 43 00:01:59,240 --> 00:02:01,040 Speaker 1: real time indication here, and they're seeing a lot of 44 00:02:01,080 --> 00:02:03,960 Speaker 1: people booking for the holiday season. But of course one 45 00:02:04,160 --> 00:02:06,000 Speaker 1: thing that he said that he stood out, that stood 46 00:02:06,000 --> 00:02:08,960 Speaker 1: out to me is the front of the plane, you know, 47 00:02:09,040 --> 00:02:13,400 Speaker 1: the upper class seats UH getting a lot down much 48 00:02:13,600 --> 00:02:16,160 Speaker 1: much faster, you know, than economy, which is again a 49 00:02:16,240 --> 00:02:18,800 Speaker 1: testament to this bifurcation of economy that we're seeing between 50 00:02:18,880 --> 00:02:20,360 Speaker 1: higher and lowering come consumers. 51 00:02:22,080 --> 00:02:26,120 Speaker 2: The Stock Movers Report from Bloomberg Radio. Check back with 52 00:02:26,200 --> 00:02:28,760 Speaker 2: us throughout the day for the latest roundup of companies 53 00:02:28,840 --> 00:02:31,919 Speaker 2: making news on Wall Street and for the latest market 54 00:02:31,960 --> 00:02:36,440 Speaker 2: moving headlines. Listen to Bloomberg Radio Live, catch us on YouTube, 55 00:02:36,520 --> 00:02:40,040 Speaker 2: Bloomberg dot com, and on Applecarplay and Android Auto with 56 00:02:40,080 --> 00:02:41,600 Speaker 2: the Bloomberg Business app.