1 00:00:02,520 --> 00:00:07,040 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 --> 00:00:16,239 Speaker 2: in the stock market. Harnessing the power of Bloomberg Data. 4 00:00:16,400 --> 00:00:18,279 Speaker 1: Let's take a look at some stocks on the move today. 5 00:00:18,320 --> 00:00:22,120 Speaker 1: I'm Nathan Hager, joined by Bloomberg's John Tuckers. We wind 6 00:00:22,160 --> 00:00:24,840 Speaker 1: down earning season. John, we got a pretty important report 7 00:00:24,920 --> 00:00:28,160 Speaker 1: from Toll Brothers. Important when we think about the housing market. 8 00:00:28,200 --> 00:00:28,720 Speaker 1: Good morning. 9 00:00:29,080 --> 00:00:32,280 Speaker 3: Yeah, when you're selling houses and fewer people are signing 10 00:00:32,320 --> 00:00:36,760 Speaker 3: contracts to build homes, that's a problem. Nathan, Toll Brothers 11 00:00:36,800 --> 00:00:40,840 Speaker 3: falling short of estimates for quarterly orders. They had about 12 00:00:40,840 --> 00:00:43,559 Speaker 3: twenty three hundred signed contracts for the latest quarter, and 13 00:00:43,600 --> 00:00:47,159 Speaker 3: that missed estimates. The company is maintaining its home delivery 14 00:00:47,200 --> 00:00:50,920 Speaker 3: guidance for this year. Of course, they catered toward the 15 00:00:51,000 --> 00:00:56,080 Speaker 3: higher end consumers. Still, they're impacted by a sluggish housing 16 00:00:56,120 --> 00:00:59,279 Speaker 3: market and declining a sentiment among the homebuilders. A lot 17 00:00:59,280 --> 00:01:02,960 Speaker 3: of homebuilders have had to lean on buyer incentives like 18 00:01:03,040 --> 00:01:06,840 Speaker 3: price cuts to get potential customers through the door. And 19 00:01:06,880 --> 00:01:09,160 Speaker 3: while the mortgage rates are near the lowest level in 20 00:01:09,160 --> 00:01:12,240 Speaker 3: more than a year, there's still a lot higher than mine. 21 00:01:12,840 --> 00:01:16,679 Speaker 3: I got mine during the pandemic. Yea told brother Stock 22 00:01:16,800 --> 00:01:20,920 Speaker 3: this has risen twenty one percent through the clothes yesterday. 23 00:01:21,319 --> 00:01:24,880 Speaker 1: Well, you're watching shares a bayer or buyer? How are 24 00:01:24,880 --> 00:01:26,000 Speaker 1: we pronouncing it these days? 25 00:01:26,160 --> 00:01:28,319 Speaker 3: If I say buyer, my tongue is going to snap 26 00:01:28,400 --> 00:01:31,400 Speaker 3: off its roll? Stood, we say Bear in New Jersey. 27 00:01:31,480 --> 00:01:35,119 Speaker 3: This is a saying something of a round trip from yesterday, 28 00:01:35,200 --> 00:01:37,640 Speaker 3: when it sounded like they were putting all that litigation 29 00:01:37,720 --> 00:01:42,480 Speaker 3: behind it. This morning, there's renewed uncertainty. Bear said yesterday 30 00:01:42,520 --> 00:01:44,640 Speaker 3: it agreed to pay more than seven billion dollars to 31 00:01:44,640 --> 00:01:48,160 Speaker 3: resolve the current and the future cancer lawsuits surrounding its 32 00:01:48,320 --> 00:01:52,480 Speaker 3: a roundup weed killer. Remember it inherited round up when 33 00:01:52,480 --> 00:01:55,720 Speaker 3: they purchased Monsanto years ago. Now, analysts note that this 34 00:01:55,920 --> 00:01:59,440 Speaker 3: pact is subject to court approval, and they also say 35 00:01:59,760 --> 00:02:04,000 Speaker 3: there's also the risk of plaintiffs opting out Markley's. Meanwhile, 36 00:02:04,080 --> 00:02:07,600 Speaker 3: since the proposed payunt is going to be bigger than anticipated, 37 00:02:08,080 --> 00:02:11,519 Speaker 3: and analysts also note a separate US Supreme Court ruling 38 00:02:11,560 --> 00:02:14,720 Speaker 3: on the case, that remains a risk. So you know, 39 00:02:14,800 --> 00:02:17,600 Speaker 3: essentially what they're saying. The bottom line for Bears that 40 00:02:17,880 --> 00:02:19,000 Speaker 3: this is far from centled. 41 00:02:19,280 --> 00:02:21,040 Speaker 1: Now let's turn to some stocks that are on the 42 00:02:21,120 --> 00:02:25,040 Speaker 1: rise this morning, and Vidia and Meta platforms certainly fit 43 00:02:25,120 --> 00:02:25,480 Speaker 1: that belt. 44 00:02:25,680 --> 00:02:28,280 Speaker 3: Yeah, we took a closer look at this earlier today. 45 00:02:28,320 --> 00:02:32,079 Speaker 3: But Meta, they account for nine percent of Invidia's revenue. 46 00:02:32,400 --> 00:02:36,840 Speaker 3: They're committing to use more AI processes and networking equipment 47 00:02:36,919 --> 00:02:40,960 Speaker 3: from Invidia. In fact, they said what as they put it, 48 00:02:41,120 --> 00:02:43,799 Speaker 3: millions for the first time. They also plan to rely 49 00:02:43,919 --> 00:02:48,800 Speaker 3: on in Vidia's Grace CPUs just one in Vidia AI 50 00:02:49,000 --> 00:02:54,000 Speaker 3: Accelerate coross an average of sixteen thousand dollars. Now, Mark 51 00:02:54,120 --> 00:02:57,359 Speaker 3: Zuckerberg has made AI the top priority of the company's, 52 00:02:57,400 --> 00:03:01,200 Speaker 3: pledging to spend hundreds of billions of dollars in Vidious 53 00:03:01,200 --> 00:03:04,760 Speaker 3: systems are still considered to be the gold standard. 54 00:03:05,120 --> 00:03:08,080 Speaker 1: Now, let's close out with the New York Times, because 55 00:03:08,080 --> 00:03:10,800 Speaker 1: it looks like Warren Buffett's closing out his time at 56 00:03:10,840 --> 00:03:13,959 Speaker 1: Berkshire with a big bet on newspapers. 57 00:03:14,040 --> 00:03:17,480 Speaker 3: John, Yeah, well, somebody call it the failing New York Times. 58 00:03:18,120 --> 00:03:22,359 Speaker 3: It wasn't Warren Buffett. Berkshire Hathway slashing its stake in 59 00:03:22,680 --> 00:03:25,640 Speaker 3: Amazon by more than seventy five percent in the fourth 60 00:03:25,720 --> 00:03:28,560 Speaker 3: quarter of These are the latest regulatory filings, so it 61 00:03:28,960 --> 00:03:31,720 Speaker 3: now owns roughly two point three million shares of the company. 62 00:03:32,160 --> 00:03:35,480 Speaker 3: And with that they dumped that and bought shares of 63 00:03:35,480 --> 00:03:39,240 Speaker 3: the New York Times marks as you say, his last 64 00:03:39,360 --> 00:03:42,880 Speaker 3: new bet as the CEO of Berkshire, Hathway of the 65 00:03:42,960 --> 00:03:47,760 Speaker 3: regulatory filing shows Berkshire acquired five point one million shares 66 00:03:47,800 --> 00:03:49,000 Speaker 3: of the New York Times company. 67 00:03:49,920 --> 00:03:53,920 Speaker 2: This stock movers report from Bloomberg Radio. Check back with 68 00:03:54,000 --> 00:03:56,600 Speaker 2: us throughout the day for the latest roundup of companies 69 00:03:56,640 --> 00:03:59,720 Speaker 2: making news on Wall Street and for the latest market 70 00:03:59,760 --> 00:04:04,240 Speaker 2: movie headlines. Listen to Bloomberg Radio Live, catch us on YouTube, 71 00:04:04,360 --> 00:04:07,840 Speaker 2: Bloomberg dot com, and on Applecarplay and Android Auto with 72 00:04:07,920 --> 00:04:09,400 Speaker 2: the Bloomberg Business app.