1 00:00:02,520 --> 00:00:08,720 Speaker 1: Bloomberg Audio Studios, Podcasts, Radio News, The. 2 00:00:08,720 --> 00:00:12,560 Speaker 2: Stock Movers Report, your roundup of companies making moves in 3 00:00:12,600 --> 00:00:17,160 Speaker 2: the stock market, harnessing the power of Bloomberg Data. 4 00:00:17,320 --> 00:00:19,920 Speaker 1: I'm Carol Messer along with Bailey Lipsheltz. Let's get to 5 00:00:20,400 --> 00:00:22,080 Speaker 1: some of the stocks on the move on this Friday 6 00:00:22,079 --> 00:00:25,239 Speaker 1: Bloomberg News process at reporter Emily Graffeo in the house. 7 00:00:25,680 --> 00:00:26,640 Speaker 1: Where do you want to start? 8 00:00:27,000 --> 00:00:30,600 Speaker 3: Let's start with Oracle because that's a big move that 9 00:00:30,640 --> 00:00:33,240 Speaker 3: we're seeing in that stock. It's down seven percent right 10 00:00:33,240 --> 00:00:36,440 Speaker 3: now to grow r CL. But the stock did see 11 00:00:36,440 --> 00:00:39,000 Speaker 3: its biggest injur day drop since January when it was 12 00:00:39,080 --> 00:00:41,960 Speaker 3: over down about eight percent a little bit earlier in 13 00:00:42,000 --> 00:00:45,080 Speaker 3: the trading day, and it's all on concerns about fulfilling 14 00:00:45,200 --> 00:00:47,800 Speaker 3: AI cloud demand, which I feel like is a theme 15 00:00:48,240 --> 00:00:48,960 Speaker 3: that we've been hearing. 16 00:00:49,000 --> 00:00:50,080 Speaker 1: Oh, we don't talk about Anyhi. 17 00:00:51,080 --> 00:00:53,360 Speaker 4: I also love a nice eight percent move on I 18 00:00:53,360 --> 00:00:57,520 Speaker 4: don't know, eight hundred and twenty million dollars billion dollar company, right, Yeah. 19 00:00:57,360 --> 00:01:01,800 Speaker 3: We're talking about big changes here out over sixty five 20 00:01:01,880 --> 00:01:05,120 Speaker 3: billion dollars of market cap being erased. If the losses 21 00:01:05,120 --> 00:01:08,360 Speaker 3: hold into the trading day and it's coming after they 22 00:01:08,400 --> 00:01:11,760 Speaker 3: gave their long range financial outlook that actually didn't seem 23 00:01:11,800 --> 00:01:14,440 Speaker 3: that bad. They said overall annual revenue would total two 24 00:01:14,480 --> 00:01:17,520 Speaker 3: hundred and twenty five billion by fiscal twenty thirty. But 25 00:01:17,560 --> 00:01:19,440 Speaker 3: a lot of analysts on Wall Streeter are saying that 26 00:01:19,480 --> 00:01:22,960 Speaker 3: the fact that the stock actually dropped because of this 27 00:01:23,360 --> 00:01:26,759 Speaker 3: target that they gave signals this concern that has been brewing, 28 00:01:26,800 --> 00:01:29,280 Speaker 3: not just for Oracle, but a lot of these tech 29 00:01:29,319 --> 00:01:32,080 Speaker 3: companies that are spending on AI and now trying to 30 00:01:32,400 --> 00:01:37,399 Speaker 3: prove what they like, what they can use this money for. 31 00:01:37,880 --> 00:01:41,080 Speaker 4: So okay again, Oracle, one of the largest companies in 32 00:01:41,120 --> 00:01:45,039 Speaker 4: the world ticker o r CL. Emily another stock on 33 00:01:45,080 --> 00:01:47,280 Speaker 4: the move. I don't know if you're a credit card holder. 34 00:01:47,640 --> 00:01:49,040 Speaker 4: I am a credit card holder. 35 00:01:49,400 --> 00:01:52,160 Speaker 3: I don't really play the luxury credit card, you know, 36 00:01:52,200 --> 00:01:54,600 Speaker 3: one thousand dollars fee type and then you have to 37 00:01:54,640 --> 00:02:00,440 Speaker 3: get Jase said, if you book a flight to Japan, 38 00:02:00,600 --> 00:02:02,840 Speaker 3: it becomes worth it because you know what I mean. 39 00:02:02,880 --> 00:02:08,280 Speaker 3: But obviously some people are into the platinum credit card game. 40 00:02:08,320 --> 00:02:12,400 Speaker 3: So American Express ticker AXP hitting a record high today 41 00:02:12,440 --> 00:02:15,920 Speaker 3: in that stock price up seven percent. They raised the 42 00:02:15,960 --> 00:02:19,080 Speaker 3: lower end a full year guidance, so revenue now expected 43 00:02:19,120 --> 00:02:22,320 Speaker 3: to grow nine percent to ten percent. Earnings per share 44 00:02:22,360 --> 00:02:25,640 Speaker 3: for the third quarter beat estimates, and the company said 45 00:02:25,760 --> 00:02:30,200 Speaker 3: that the Platinum premium credit cards business is doing well. 46 00:02:30,320 --> 00:02:32,920 Speaker 3: It's been the quote strongest start we've ever seen with 47 00:02:32,960 --> 00:02:37,000 Speaker 3: a refresh, The CEO said. The engagement for this Platinum 48 00:02:37,000 --> 00:02:39,960 Speaker 3: card just has exceeded the firm's expectations. 49 00:02:39,320 --> 00:02:41,560 Speaker 4: Because I don't I don't have a TikTok, though I 50 00:02:41,600 --> 00:02:44,040 Speaker 4: do spend time on Instagram, and I feel like anytime 51 00:02:44,080 --> 00:02:47,920 Speaker 4: I'm on social media, someone is promoting the Amex Platinum card. 52 00:02:47,919 --> 00:02:50,519 Speaker 4: Because if you pay the eight hundred and ninety five dollars, 53 00:02:50,560 --> 00:02:52,680 Speaker 4: well you can get it back with instat cards and 54 00:02:52,800 --> 00:02:55,400 Speaker 4: Uber and Spotify. And then to your point, well that 55 00:02:55,440 --> 00:02:58,280 Speaker 4: one flight to Japan that you might take is partly upgraded. 56 00:02:58,320 --> 00:03:01,960 Speaker 3: I don't know, it's a bit round about, you get it. 57 00:03:03,160 --> 00:03:05,160 Speaker 1: I've had American Express since I was in college, you 58 00:03:05,280 --> 00:03:06,560 Speaker 1: know what I mean, I've kind of grown with it. 59 00:03:06,600 --> 00:03:08,400 Speaker 1: What I like about it is you got to pay 60 00:03:08,440 --> 00:03:10,359 Speaker 1: at the end of the month, at the end of 61 00:03:10,400 --> 00:03:11,880 Speaker 1: the year, Like I don't know, there's just a lot 62 00:03:11,880 --> 00:03:14,080 Speaker 1: about it that I like that kind of keeps you honest. 63 00:03:14,160 --> 00:03:16,000 Speaker 1: And I also feel like if I've ever had a problem, 64 00:03:16,240 --> 00:03:18,639 Speaker 1: they've been really full full disclosure that they've been really 65 00:03:18,680 --> 00:03:20,600 Speaker 1: good about dealing with problems. And I'm not saying the 66 00:03:20,639 --> 00:03:22,200 Speaker 1: other guys aren't, but right I. 67 00:03:22,120 --> 00:03:23,799 Speaker 4: Will say I do. It's expensive. I have to get 68 00:03:23,840 --> 00:03:27,200 Speaker 4: Blue one because it's good for groceries. Yeah, groceries and gas. 69 00:03:27,800 --> 00:03:30,519 Speaker 3: So right, this is the revamped Platinum card that they're 70 00:03:30,520 --> 00:03:32,680 Speaker 3: currently talking about is just exceeding. 71 00:03:32,280 --> 00:03:34,240 Speaker 1: Expectation that these annuals keep going. 72 00:03:34,440 --> 00:03:36,560 Speaker 3: Right, I don't have the fee right in front of me, 73 00:03:36,600 --> 00:03:38,440 Speaker 3: but I know it's gone up from what it used 74 00:03:38,440 --> 00:03:40,240 Speaker 3: to be. It's a lot, it's triple digits. 75 00:03:40,560 --> 00:03:43,040 Speaker 1: Can we talk about the GLP one drugs, most notably 76 00:03:43,400 --> 00:03:44,400 Speaker 1: l Y Eli Lilly. 77 00:03:44,560 --> 00:03:47,000 Speaker 3: Yes, Eli Lily. The stock is done about two percent 78 00:03:47,200 --> 00:03:49,680 Speaker 3: right now. It's been falling all day after Trump said 79 00:03:49,720 --> 00:03:52,760 Speaker 3: that the price of ozempic could come down to just 80 00:03:53,000 --> 00:03:54,960 Speaker 3: one hundred and fifty dollars a month. So Eli Lily 81 00:03:55,000 --> 00:03:58,800 Speaker 3: they don't make ozempic. That's Novo Nordisk. That stock trading 82 00:03:59,200 --> 00:04:02,400 Speaker 3: in Europe was as well, but we're seeing Eli Lilly. 83 00:04:02,480 --> 00:04:06,360 Speaker 3: They have similar weight loss drugs. So that news from 84 00:04:06,360 --> 00:04:09,560 Speaker 3: Trump weighing on this stock as well. He said that 85 00:04:10,240 --> 00:04:13,200 Speaker 3: the cost of the drug made by Novo, talking about ozepic, 86 00:04:13,560 --> 00:04:16,359 Speaker 3: will soon be quote much lower, and they're going to 87 00:04:16,360 --> 00:04:19,279 Speaker 3: be one hundred and fifty out of pocket. Madison Muller 88 00:04:19,279 --> 00:04:22,560 Speaker 3: goes into the nitty gritty of how Eli Lily makes 89 00:04:22,600 --> 00:04:23,640 Speaker 3: money from the weight loss show. 90 00:04:23,680 --> 00:04:24,559 Speaker 4: You know what we're doing. 91 00:04:24,760 --> 00:04:29,720 Speaker 3: We're going right okay next, So read her article because 92 00:04:29,760 --> 00:04:32,920 Speaker 3: it's it's not exactly clear how this affects their revenue. 93 00:04:32,920 --> 00:04:35,920 Speaker 3: But nevertheless, these announcements, we're sinking the stock price day 94 00:04:35,960 --> 00:04:37,719 Speaker 3: or moving it lower, down two percent. 95 00:04:39,480 --> 00:04:43,480 Speaker 2: The Stock Mover's report from Bloomberg Radio. 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