WEBVTT - Weekly Roundup: Intel Popped, CarMax Plunged, EA to be Taken Private

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<v Speaker 1>Bloomberg Audio Studios, Podcasts, radio News.

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<v Speaker 2>The Stock Mover's Report, your roundup of companies making moves

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<v Speaker 2>in the stock market, harnessing the power of Bloomberg Data.

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<v Speaker 3>I'm jin Staneveek along with Carol Master. Let's take a

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<v Speaker 3>look at some stocks on the move this week. We're

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<v Speaker 3>joined by Bloomberg Television Markets correspondent Nora Melinda noura Is.

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<v Speaker 3>Some big moves this week. You had a lot to

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<v Speaker 3>choose from where did you land?

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<v Speaker 4>Well, let's kick things off with some positive news. I'm

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<v Speaker 4>looking at the biggest gainer in the SP five hundred

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<v Speaker 4>this week. Come, I guess Intel, take your eye in.

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<v Speaker 3>But I was only going to say it because I

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<v Speaker 3>knew that that was going to be your first stock,

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<v Speaker 3>So that would have been cheating, and I don't.

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<v Speaker 5>Want to treat cheating. But hey, it's okay, it's okay.

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<v Speaker 4>We could not stop talking about Intel this week, and

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<v Speaker 4>of course we know that it's been in the news

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<v Speaker 4>for quite a few weeks, but this week in particularly,

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<v Speaker 4>what we were digging into is the fact that it

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<v Speaker 4>had approached Apple about securing an investment. Particularly this should be,

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<v Speaker 4>of course, to help bolster some of its efforts toward

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<v Speaker 4>it being a bit you know, more competitive in this

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<v Speaker 4>space right now, as we think about a lot of

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<v Speaker 4>people betting on US made production. So, I mean they've

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<v Speaker 4>wrecked up. What everything a stake from the government. It's

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<v Speaker 4>a wild a lot going on here.

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<v Speaker 3>You get a steak of Intel sat A stay, yeah,

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<v Speaker 3>you just going around right, Yeah. But the point that

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<v Speaker 3>has been made to us repeatedly by Ian King is

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<v Speaker 3>that we you know, US taxpayers own a portion of

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<v Speaker 3>this company. We're the third largest shareholder.

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<v Speaker 6>Every time I do HDS security ownership on the Bloomberg terminal,

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<v Speaker 6>it's a function and I see the US coming up.

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<v Speaker 3>So it's wild odd, right, it's a little So does

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<v Speaker 3>it become like a proxy for companies to invest like

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<v Speaker 3>in Nvidia and perhaps Apple?

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<v Speaker 1>Uh yeah, right?

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<v Speaker 5>Does this bring more license that we start seeing it expanding?

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<v Speaker 5>So maybe even other sex.

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<v Speaker 3>As a way to say, hey, I'm making investments in

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<v Speaker 3>the US, right.

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<v Speaker 5>I mean, we'll just have to see how all this progresses.

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<v Speaker 6>It's a different way of supporting an industry, right, state sponsor.

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<v Speaker 6>You know, you could do it through tax you could

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<v Speaker 6>do it through you know, we've had remember the big

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<v Speaker 6>infrastructure spend and money that went to the semi space.

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<v Speaker 1>Like, there's different ways to do it, but this one is,

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<v Speaker 1>you know.

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<v Speaker 5>Particularly ever staying game twenty percent this week.

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<v Speaker 3>Okay, yeah, we talked to Peter Cheer about this on

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<v Speaker 3>our program this week. I check out the podcast if

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<v Speaker 3>you did not hear that station, and he made the point,

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<v Speaker 3>and he made the point also on surveillance this week

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<v Speaker 3>that this is whether or not you agree with the

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<v Speaker 3>US government's role in taking stakes, that doesn't matter. That's

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<v Speaker 3>not part of the conversation. He said, that's the world

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<v Speaker 3>we live in, and that's what you need to get

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<v Speaker 3>used to, and that's what you need to invest based

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<v Speaker 3>on kind of.

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<v Speaker 1>Don't fight the trade exactly, that's the trade.

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<v Speaker 6>Hey, did you know the week before you said Intel

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<v Speaker 6>up twenty percent for this week overall, It was up

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<v Speaker 6>almost twenty three percent the week before.

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<v Speaker 1>I mean, there you go on a tear. All right.

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<v Speaker 1>Let's go to another big mover this week, CarMax.

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<v Speaker 4>Carmacks on the downside here the worst performing SoC in

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<v Speaker 4>the S and P five hundred this week, just about

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<v Speaker 4>twenty three percent in this week alone. Of course, we

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<v Speaker 4>know that this is after it reported weaker than expected

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<v Speaker 4>results they were seeing a deepening strain in terms of

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<v Speaker 4>the used car market. Interesting to me because I want

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<v Speaker 4>to say, some weeks ago, Tim and I we were

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<v Speaker 4>discussing the fact that it makes more sense, you would think,

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<v Speaker 4>for consumers right now to go toward used cars over

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<v Speaker 4>new ones, given rates and loans, all that good stuff.

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<v Speaker 4>But apparently that is what is pressuring Carmacks in particular

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<v Speaker 4>this week, as we were seeing Wall Street analysts and

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<v Speaker 4>investors really just coming out and saying, hey, you know,

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<v Speaker 4>this is not a good look right.

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<v Speaker 1>Now, car to get a loan for a used car.

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<v Speaker 3>I don't know the answer to that.

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<v Speaker 1>Yeah, you lollorry.

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<v Speaker 3>But what I do find really saying about the Carmack

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<v Speaker 3>story is the company executives came out and essentially said,

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<v Speaker 3>this is Bill Nash, Carmacks's CEO. He said, borrows with

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<v Speaker 3>better credit scores have been sitting on the sidelines. The

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<v Speaker 3>consumer has been distressed for a while. The company pointed

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<v Speaker 3>a fallout from President Trump's tariffs and rising distress among consumers.

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<v Speaker 5>Still remain the story. No matter where you look, are.

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<v Speaker 3>We going to hear that from company starting in October

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<v Speaker 3>when when they report earnings, Because we we've heard kind

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<v Speaker 3>of different things. Airlines say, hey, the consumer's back.

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<v Speaker 1>Yeah, I don't know.

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<v Speaker 4>We'll have to see honestly, because I feel like, you know,

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<v Speaker 4>even in the data, we're wondering, at what point will

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<v Speaker 4>you actually see a large tariff impact? And we think

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<v Speaker 4>about economic data, and of course, as we have an

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<v Speaker 4>earning season ramping up, what is it next month already?

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<v Speaker 3>Yeahah, next week, next week we're going to get Jeffries.

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<v Speaker 3>Is that is Jeffrey's next week?

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<v Speaker 1>Jeffreys next week? Right? Yeah, so you don't believe you Oh,

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<v Speaker 1>Carnival next week two?

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<v Speaker 4>Okay, so there we going in already, all right, gotta

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<v Speaker 4>talk EA.

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<v Speaker 5>Yes, let's finish things up with EA.

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<v Speaker 4>This is Electronic Arts, and we did see some stuff

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<v Speaker 4>that came through on this Friday. And essentially what we're

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<v Speaker 4>looking at this company for is the fact that again

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<v Speaker 4>twelve percent this week. This is after talks that it's

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<v Speaker 4>going to be taken private by consortium. This is led

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<v Speaker 4>by silver Lake Management as well as Saudi Arabia Is

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<v Speaker 4>Public Investment Fund and Jerry Kushner's Affinity Partners. So I

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<v Speaker 4>mean they say that the takeover could Electronic Arts could

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<v Speaker 4>announce a deal as soon as next week. JP Morgan,

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<v Speaker 4>here's the one working on a financing package for the buyers.

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<v Speaker 4>But I mean, we do know that a lot of

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<v Speaker 4>these gaming companies have been particularly pressured in recent months,

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<v Speaker 4>so I mean, this is some really interesting news coming

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<v Speaker 4>out when we think about a massive takeover like this.

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<v Speaker 6>If it wasn't for the news late today, we would

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<v Speaker 6>not be talking about it as one of the biggest

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<v Speaker 6>gainers for the week.

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<v Speaker 2>The Stock Movers Report from Bloomberg Radio. Check back with

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<v Speaker 2>us throughout the day for the latest roundup of companies

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