1 00:00:02,480 --> 00:00:07,000 Speaker 1: Bloomberg Audio Studios, podcasts, radio News. 2 00:00:10,039 --> 00:00:13,520 Speaker 2: This is the closing bell on this stock mover's report, 3 00:00:13,760 --> 00:00:16,680 Speaker 2: the companies making moves at the close of US trading 4 00:00:16,880 --> 00:00:21,360 Speaker 2: with Carol Masser, Tim Stenobeck, Romain Bostik, and Katie Greifel. 5 00:00:22,320 --> 00:00:24,800 Speaker 3: All right, let's go to some of the individual gainers. 6 00:00:24,960 --> 00:00:27,280 Speaker 3: It turns out had actually a fair amount of names 7 00:00:27,360 --> 00:00:30,680 Speaker 3: to choose from. So let's go to some of the 8 00:00:30,680 --> 00:00:34,360 Speaker 3: healthcare names that dominated the top gainers list in the 9 00:00:34,479 --> 00:00:36,560 Speaker 3: S and P five hundred. So we're talking about United 10 00:00:36,600 --> 00:00:40,520 Speaker 3: Health Group, Humana, CVS Health, Yacht United Health up about 11 00:00:40,600 --> 00:00:44,640 Speaker 3: nine point four percent, Humana up almost eight percent, CVS 12 00:00:44,640 --> 00:00:47,800 Speaker 3: Health also again there just shy of seven percentage points. 13 00:00:48,680 --> 00:00:51,720 Speaker 3: The insurers that provide private Medicare advantage plans for older 14 00:00:51,800 --> 00:00:55,000 Speaker 3: Americans rose after the United States agreed to boost twenty 15 00:00:55,080 --> 00:00:57,680 Speaker 3: twenty seven payments by almost two and a half percent 16 00:00:57,800 --> 00:01:00,960 Speaker 3: more than its initial proposal and spit for an industry 17 00:01:00,960 --> 00:01:05,479 Speaker 3: squeeze by federal cost cutting efforts. So we add analysts 18 00:01:05,760 --> 00:01:08,040 Speaker 3: weighing in one saying that the rate increase may let 19 00:01:08,080 --> 00:01:10,399 Speaker 3: companies expand margins next year as long as they keep 20 00:01:10,440 --> 00:01:15,480 Speaker 3: reducing benefits and managing expenses, but nonetheless that sector outperforming. 21 00:01:16,040 --> 00:01:18,680 Speaker 3: Let's go to Paramount sky Dance, number one gainer in 22 00:01:18,720 --> 00:01:22,240 Speaker 3: the SNP five hundred, again of just about eleven percent, 23 00:01:22,319 --> 00:01:25,240 Speaker 3: just shy of that mark. Shares of the company climbing 24 00:01:25,400 --> 00:01:28,679 Speaker 3: after it says it has entered into equity syndication agreements 25 00:01:29,080 --> 00:01:32,039 Speaker 3: with Persian Golf Funds to supports acquisition of Warner Brothers 26 00:01:32,080 --> 00:01:34,880 Speaker 3: discoveries of finding some more money. We know that that's 27 00:01:34,880 --> 00:01:37,440 Speaker 3: a pretty big deal. The enter deals with three sovereign 28 00:01:37,480 --> 00:01:40,200 Speaker 3: wealth funds in the golf those of Saudi Arabia, Abu 29 00:01:40,240 --> 00:01:44,240 Speaker 3: Dhabi and Qatar. Excuse me, so we definitely did see 30 00:01:44,240 --> 00:01:46,479 Speaker 3: some support. I think there's always been some concern about 31 00:01:46,720 --> 00:01:49,720 Speaker 3: how to kind of work this out financially, even though 32 00:01:50,000 --> 00:01:52,320 Speaker 3: they are moving forward as we know, Paramount sky Dance 33 00:01:52,360 --> 00:01:55,040 Speaker 3: and Warner Brothers linking up. And then one more for you, 34 00:01:55,280 --> 00:01:57,640 Speaker 3: I want to go over to Broadcom. I think this 35 00:01:57,920 --> 00:02:01,480 Speaker 3: was yeah, number one gainer in the NASDAQ one hundred. 36 00:02:01,800 --> 00:02:04,880 Speaker 3: Anthropics that its revenue run rate has now topped thirty 37 00:02:05,120 --> 00:02:08,120 Speaker 3: billion dollars, up from nine billion at the end of 38 00:02:08,120 --> 00:02:11,079 Speaker 3: twenty twenty five, and confirm plans to work with Broadcom 39 00:02:11,440 --> 00:02:15,320 Speaker 3: and Google to power it's burgeoning operations. The AI startup 40 00:02:15,360 --> 00:02:18,880 Speaker 3: said that demand for its Claud services has accelerated this year, 41 00:02:19,080 --> 00:02:21,920 Speaker 3: with more than one thousand business customers spending over a 42 00:02:22,000 --> 00:02:24,720 Speaker 3: million dollars on an annual basis. That figure has more 43 00:02:24,760 --> 00:02:28,480 Speaker 3: than double since February. Just kind of blown off that stock. 44 00:02:28,520 --> 00:02:30,600 Speaker 3: By the way, Broadcom up about six point two percent. 45 00:02:30,639 --> 00:02:32,000 Speaker 1: I just had to laugh. You know, one of the 46 00:02:32,000 --> 00:02:33,560 Speaker 1: best stories I read today. I don't know if you 47 00:02:33,600 --> 00:02:37,280 Speaker 1: saw it on the which one on the ARR numbers today? 48 00:02:37,520 --> 00:02:38,840 Speaker 1: I'll send it to your carmer. I know you don't 49 00:02:38,840 --> 00:02:41,760 Speaker 1: actually read Bloomberg stories here, but that's about the metrics 50 00:02:41,919 --> 00:02:44,400 Speaker 1: if you will. Wow, that's a very colorful language. 51 00:02:44,400 --> 00:02:44,560 Speaker 2: You know. 52 00:02:44,639 --> 00:02:47,360 Speaker 3: I always want to leave something for you because I 53 00:02:47,600 --> 00:02:49,959 Speaker 3: just want you to feel included. 54 00:02:49,480 --> 00:02:50,359 Speaker 1: In this process. 55 00:02:50,440 --> 00:02:51,280 Speaker 2: Let's see, I. 56 00:02:52,760 --> 00:02:54,040 Speaker 3: Know, thank you, Yeah, thank. 57 00:02:53,840 --> 00:02:55,080 Speaker 1: You very much. Let's move on. 58 00:02:55,240 --> 00:02:57,600 Speaker 4: Okay, I feel move on. Let's get to decliners. I 59 00:02:57,639 --> 00:03:00,880 Speaker 4: do want to start with Apple. Really interesting mood day 60 00:03:00,960 --> 00:03:04,400 Speaker 4: for Apple shares ended up falling by just over two percent. 61 00:03:04,760 --> 00:03:07,359 Speaker 4: It started this morning, though a report from Nika Asia 62 00:03:07,400 --> 00:03:11,000 Speaker 4: fueled concerns about a delay in that foldable phone shares 63 00:03:11,000 --> 00:03:14,040 Speaker 4: fell over five percent after the outlets said that the 64 00:03:14,080 --> 00:03:17,160 Speaker 4: company was facing challenges in the engineering test phase of 65 00:03:17,240 --> 00:03:20,000 Speaker 4: the phone, but Mark German out with the report later 66 00:03:20,400 --> 00:03:23,600 Speaker 4: that said the company's first foldable phone is on track 67 00:03:23,639 --> 00:03:26,560 Speaker 4: to arrive during the normal iPhone launch period later this year. 68 00:03:26,600 --> 00:03:29,079 Speaker 4: That's according to people with knowledge of the matter. So 69 00:03:29,360 --> 00:03:31,200 Speaker 4: the stockman for this those losses. 70 00:03:31,200 --> 00:03:33,240 Speaker 1: Sorry, didn't Samsung have a foldable phone? 71 00:03:33,320 --> 00:03:33,440 Speaker 2: Oh? 72 00:03:33,560 --> 00:03:36,840 Speaker 4: Other companies had full I've seen yeah, other popular this 73 00:03:36,920 --> 00:03:39,560 Speaker 4: is Apple's. Oh Mark, you know, I did this Q 74 00:03:39,640 --> 00:03:42,680 Speaker 4: and A with Mark a few weeks ago. It yeah, 75 00:03:43,320 --> 00:03:48,360 Speaker 4: told about it today. Okay. Anyway, he is so bullish 76 00:03:48,400 --> 00:03:49,880 Speaker 4: on this idea of the foldable phone. 77 00:03:49,960 --> 00:03:50,200 Speaker 3: Yeah. 78 00:03:50,360 --> 00:03:52,320 Speaker 4: Yeah. And a lot of analysts too agree that this 79 00:03:52,320 --> 00:03:54,720 Speaker 4: this will be something new that fuels sales. There are 80 00:03:54,720 --> 00:03:57,480 Speaker 4: also questions about what that operating system looks like. Mark 81 00:03:57,520 --> 00:03:59,080 Speaker 4: has reported that it, you know, is based on like 82 00:03:59,160 --> 00:04:00,480 Speaker 4: an iPad operator system. 83 00:04:00,640 --> 00:04:00,839 Speaker 2: Yeah. 84 00:04:00,920 --> 00:04:02,320 Speaker 4: I'm curious about what this thing will look like. 85 00:04:02,360 --> 00:04:03,160 Speaker 1: How many folds? 86 00:04:03,760 --> 00:04:05,920 Speaker 4: I don't know how many folds. I haven't seen it yet. 87 00:04:06,600 --> 00:04:08,240 Speaker 4: We should move on, though, because there are some other 88 00:04:08,280 --> 00:04:11,320 Speaker 4: stocks that moved lower. Kimberly Clark shares ended up falling 89 00:04:11,320 --> 00:04:14,119 Speaker 4: today This after a large fire at a Kimberly Clark 90 00:04:14,160 --> 00:04:17,280 Speaker 4: distribution center in Ontario, California, shares fell by more than 91 00:04:17,320 --> 00:04:20,560 Speaker 4: four percent. The fire chief or deputy fire chief of 92 00:04:20,600 --> 00:04:23,040 Speaker 4: Ontario confirmed to Bloomberg News that a suspect had been 93 00:04:23,080 --> 00:04:26,400 Speaker 4: arrested on arson charges. He said quote the fire was 94 00:04:26,440 --> 00:04:29,720 Speaker 4: suspicious in nature from the initial stages. Kimberly Clark spokesperson 95 00:04:29,760 --> 00:04:32,359 Speaker 4: told Bloomberg News in an email statement that we are 96 00:04:32,400 --> 00:04:34,720 Speaker 4: aware of the fire. Safety is our top priority. We 97 00:04:34,760 --> 00:04:38,040 Speaker 4: can confirm there are no reported industries. We will share 98 00:04:38,040 --> 00:04:42,239 Speaker 4: additional information as it becomes available. And finally, the trade 99 00:04:42,279 --> 00:04:46,400 Speaker 4: desk shares falling today. This ended up falling by six 100 00:04:46,440 --> 00:04:49,599 Speaker 4: point eight percent at the close, lowest inter day level 101 00:04:49,640 --> 00:04:52,599 Speaker 4: going back to twenty twenty, Adweek reported that three key 102 00:04:52,640 --> 00:04:56,800 Speaker 4: executives are leaving the company. They cited the chief marketer, 103 00:04:56,920 --> 00:05:00,200 Speaker 4: the executive vice president Ian Klli, the execus at a 104 00:05:00,200 --> 00:05:03,240 Speaker 4: Price President will be replaced by Annasair, who's worked on 105 00:05:03,279 --> 00:05:05,760 Speaker 4: marketing at the company. This, according to Adweeks, shares taking 106 00:05:05,760 --> 00:05:07,360 Speaker 4: a hit down six point eight percent today. 107 00:05:07,360 --> 00:05:09,200 Speaker 1: All right, let's take a quick look at yields because 108 00:05:09,240 --> 00:05:12,080 Speaker 1: the volatility that we saw inequity space. We also saw 109 00:05:12,080 --> 00:05:14,880 Speaker 1: it in treasuries as well. We had a lot of buying, 110 00:05:14,960 --> 00:05:17,039 Speaker 1: We had a lot of selling. The net effect of it, though, 111 00:05:17,440 --> 00:05:19,680 Speaker 1: was of course, to the upside on a price basis. 112 00:05:19,760 --> 00:05:21,800 Speaker 1: That's pushed yields down on the shorter end of the 113 00:05:21,880 --> 00:05:24,440 Speaker 1: curve down about four basis points on your two and 114 00:05:24,480 --> 00:05:27,040 Speaker 1: your five year about two basis points or so on 115 00:05:27,080 --> 00:05:27,800 Speaker 1: your ten uere. 116 00:05:29,120 --> 00:05:33,120 Speaker 2: This Stock Movers report from Bloomberg Radio. Check back with 117 00:05:33,240 --> 00:05:35,800 Speaker 2: us throughout the day for the latest roundup of companies 118 00:05:35,880 --> 00:05:38,960 Speaker 2: making news on Wall Street and for the latest market 119 00:05:39,000 --> 00:05:43,480 Speaker 2: moving headlines. Listen to Bloomberg Radio Live, catch us on YouTube, 120 00:05:43,560 --> 00:05:47,039 Speaker 2: Bloomberg dot com, and on Applecarplay and Android Auto with 121 00:05:47,120 --> 00:05:48,599 Speaker 2: the Bloomberg Business app.