WEBVTT - Closing Bell: Health Insurers Rise, Broadcom Jumps, Apple Slumps

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

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<v Speaker 2>This is the closing bell on this stock mover's report,

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<v Speaker 2>the companies making moves at the close of US trading

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<v Speaker 2>with Carol Masser, Tim Stenobeck, Romain Bostik, and Katie Greifel.

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<v Speaker 3>All right, let's go to some of the individual gainers.

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<v Speaker 3>It turns out had actually a fair amount of names

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<v Speaker 3>to choose from. So let's go to some of the

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<v Speaker 3>healthcare names that dominated the top gainers list in the

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<v Speaker 3>S and P five hundred. So we're talking about United

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<v Speaker 3>Health Group, Humana, CVS Health, Yacht United Health up about

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<v Speaker 3>nine point four percent, Humana up almost eight percent, CVS

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<v Speaker 3>Health also again there just shy of seven percentage points.

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<v Speaker 3>The insurers that provide private Medicare advantage plans for older

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<v Speaker 3>Americans rose after the United States agreed to boost twenty

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<v Speaker 3>twenty seven payments by almost two and a half percent

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<v Speaker 3>more than its initial proposal and spit for an industry

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<v Speaker 3>squeeze by federal cost cutting efforts. So we add analysts

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<v Speaker 3>weighing in one saying that the rate increase may let

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<v Speaker 3>companies expand margins next year as long as they keep

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<v Speaker 3>reducing benefits and managing expenses, but nonetheless that sector outperforming.

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<v Speaker 3>Let's go to Paramount sky Dance, number one gainer in

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<v Speaker 3>the SNP five hundred, again of just about eleven percent,

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<v Speaker 3>just shy of that mark. Shares of the company climbing

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<v Speaker 3>after it says it has entered into equity syndication agreements

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<v Speaker 3>with Persian Golf Funds to supports acquisition of Warner Brothers

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<v Speaker 3>discoveries of finding some more money. We know that that's

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<v Speaker 3>a pretty big deal. The enter deals with three sovereign

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<v Speaker 3>wealth funds in the golf those of Saudi Arabia, Abu

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<v Speaker 3>Dhabi and Qatar. Excuse me, so we definitely did see

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<v Speaker 3>some support. I think there's always been some concern about

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<v Speaker 3>how to kind of work this out financially, even though

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<v Speaker 3>they are moving forward as we know, Paramount sky Dance

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<v Speaker 3>and Warner Brothers linking up. And then one more for you,

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<v Speaker 3>I want to go over to Broadcom. I think this

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<v Speaker 3>was yeah, number one gainer in the NASDAQ one hundred.

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<v Speaker 3>Anthropics that its revenue run rate has now topped thirty

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<v Speaker 3>billion dollars, up from nine billion at the end of

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<v Speaker 3>twenty twenty five, and confirm plans to work with Broadcom

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<v Speaker 3>and Google to power it's burgeoning operations. The AI startup

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<v Speaker 3>said that demand for its Claud services has accelerated this year,

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<v Speaker 3>with more than one thousand business customers spending over a

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<v Speaker 3>million dollars on an annual basis. That figure has more

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<v Speaker 3>than double since February. Just kind of blown off that stock.

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<v Speaker 3>By the way, Broadcom up about six point two percent.

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<v Speaker 1>I just had to laugh. You know, one of the

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<v Speaker 1>best stories I read today. I don't know if you

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<v Speaker 1>saw it on the which one on the ARR numbers today?

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<v Speaker 1>I'll send it to your carmer. I know you don't

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<v Speaker 1>actually read Bloomberg stories here, but that's about the metrics

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<v Speaker 1>if you will. Wow, that's a very colorful language.

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<v Speaker 2>You know.

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<v Speaker 3>I always want to leave something for you because I

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<v Speaker 3>just want you to feel included.

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<v Speaker 1>In this process.

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<v Speaker 2>Let's see, I.

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<v Speaker 3>Know, thank you, Yeah, thank.

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<v Speaker 1>You very much. Let's move on.

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<v Speaker 4>Okay, I feel move on. Let's get to decliners. I

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<v Speaker 4>do want to start with Apple. Really interesting mood day

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<v Speaker 4>for Apple shares ended up falling by just over two percent.

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<v Speaker 4>It started this morning, though a report from Nika Asia

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<v Speaker 4>fueled concerns about a delay in that foldable phone shares

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<v Speaker 4>fell over five percent after the outlets said that the

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<v Speaker 4>company was facing challenges in the engineering test phase of

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<v Speaker 4>the phone, but Mark German out with the report later

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<v Speaker 4>that said the company's first foldable phone is on track

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<v Speaker 4>to arrive during the normal iPhone launch period later this year.

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<v Speaker 4>That's according to people with knowledge of the matter. So

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<v Speaker 4>the stockman for this those losses.

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<v Speaker 1>Sorry, didn't Samsung have a foldable phone?

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<v Speaker 2>Oh?

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<v Speaker 4>Other companies had full I've seen yeah, other popular this

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<v Speaker 4>is Apple's. Oh Mark, you know, I did this Q

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<v Speaker 4>and A with Mark a few weeks ago. It yeah,

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<v Speaker 4>told about it today. Okay. Anyway, he is so bullish

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<v Speaker 4>on this idea of the foldable phone.

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<v Speaker 3>Yeah.

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<v Speaker 4>Yeah. And a lot of analysts too agree that this

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<v Speaker 4>this will be something new that fuels sales. There are

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<v Speaker 4>also questions about what that operating system looks like. Mark

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<v Speaker 4>has reported that it, you know, is based on like

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<v Speaker 4>an iPad operator system.

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<v Speaker 2>Yeah.

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<v Speaker 4>I'm curious about what this thing will look like.

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<v Speaker 1>How many folds?

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<v Speaker 4>I don't know how many folds. I haven't seen it yet.

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<v Speaker 4>We should move on, though, because there are some other

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<v Speaker 4>stocks that moved lower. Kimberly Clark shares ended up falling

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<v Speaker 4>today This after a large fire at a Kimberly Clark

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<v Speaker 4>distribution center in Ontario, California, shares fell by more than

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<v Speaker 4>four percent. The fire chief or deputy fire chief of

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<v Speaker 4>Ontario confirmed to Bloomberg News that a suspect had been

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<v Speaker 4>arrested on arson charges. He said quote the fire was

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<v Speaker 4>suspicious in nature from the initial stages. Kimberly Clark spokesperson

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<v Speaker 4>told Bloomberg News in an email statement that we are

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<v Speaker 4>aware of the fire. Safety is our top priority. We

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<v Speaker 4>can confirm there are no reported industries. We will share

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<v Speaker 4>additional information as it becomes available. And finally, the trade

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<v Speaker 4>desk shares falling today. This ended up falling by six

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<v Speaker 4>point eight percent at the close, lowest inter day level

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<v Speaker 4>going back to twenty twenty, Adweek reported that three key

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<v Speaker 4>executives are leaving the company. They cited the chief marketer,

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<v Speaker 4>the executive vice president Ian Klli, the execus at a

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<v Speaker 4>Price President will be replaced by Annasair, who's worked on

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<v Speaker 4>marketing at the company. This, according to Adweeks, shares taking

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<v Speaker 4>a hit down six point eight percent today.

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<v Speaker 1>All right, let's take a quick look at yields because

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<v Speaker 1>the volatility that we saw inequity space. We also saw

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<v Speaker 1>it in treasuries as well. We had a lot of buying,

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<v Speaker 1>We had a lot of selling. The net effect of it, though,

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<v Speaker 1>was of course, to the upside on a price basis.

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<v Speaker 1>That's pushed yields down on the shorter end of the

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<v Speaker 1>curve down about four basis points on your two and

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<v Speaker 1>your five year about two basis points or so on

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<v Speaker 1>your ten uere.

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<v Speaker 2>This Stock Movers report from Bloomberg Radio. Check back with

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