1 00:00:02,520 --> 00:00:07,040 Speaker 1: Bloomberg Audio Studios, Podcasts, radio News. 2 00:00:09,920 --> 00:00:13,360 Speaker 2: This is the closing bell on the stock mover's report. 3 00:00:13,600 --> 00:00:16,560 Speaker 2: The company's making moves at the close of US trading 4 00:00:16,800 --> 00:00:21,279 Speaker 2: with Carol Masser, Tim Stenebeck, Romain Bostik, and Scarlett Foo 5 00:00:22,680 --> 00:00:23,160 Speaker 2: to the s. 6 00:00:23,160 --> 00:00:25,400 Speaker 1: And P five hundred guys almost and even split about 7 00:00:25,400 --> 00:00:28,080 Speaker 1: two hundred and two names. Vonnie to the upside on 8 00:00:28,080 --> 00:00:31,040 Speaker 1: this Friday session, two hundred and ninety nine losing ground. 9 00:00:31,240 --> 00:00:31,960 Speaker 3: Yeah, and it's amazing. 10 00:00:32,000 --> 00:00:34,720 Speaker 1: I mean, you said it earlier, Carol, healthcare was the 11 00:00:34,800 --> 00:00:37,199 Speaker 1: best sector in the s and P five hundred if 12 00:00:37,200 --> 00:00:37,920 Speaker 1: you look at the map. 13 00:00:37,960 --> 00:00:38,680 Speaker 3: And why is that? 14 00:00:38,720 --> 00:00:40,360 Speaker 4: Of course, Well, it's because of Warren Boff at the 15 00:00:40,400 --> 00:00:40,919 Speaker 4: Oracle of Home. 16 00:00:40,920 --> 00:00:43,160 Speaker 3: We just can do no wrong in any market. 17 00:00:43,200 --> 00:00:45,480 Speaker 4: It would seem financial is the worst performer, is down 18 00:00:45,520 --> 00:00:48,280 Speaker 4: one point one percent, but generally, I mean, it looks 19 00:00:48,320 --> 00:00:50,040 Speaker 4: like it was more of a downmarket. But you know, 20 00:00:50,159 --> 00:00:52,080 Speaker 4: you mentioned to Carl about half and half. 21 00:00:52,159 --> 00:00:52,960 Speaker 3: Really all right, so. 22 00:00:52,960 --> 00:00:54,880 Speaker 1: A lot of red though on that IMAP chart here 23 00:00:54,920 --> 00:00:56,720 Speaker 1: at Bloomberg. All right, let's go do some of the 24 00:00:56,720 --> 00:00:59,400 Speaker 1: individual gainers on this Friday session. We're going to go 25 00:00:59,400 --> 00:01:02,160 Speaker 1: back to United Health, number one gainer as Vonnie laid 26 00:01:02,160 --> 00:01:04,360 Speaker 1: out there too in the S and P five hundred, 27 00:01:04,400 --> 00:01:06,399 Speaker 1: that stock finishing with a gain of just shy of 28 00:01:06,440 --> 00:01:10,160 Speaker 1: twelve percent. We know the big news Warren Buffetts, Berkshire, 29 00:01:10,160 --> 00:01:13,000 Speaker 1: Hathaway and some of the world's wealthiest investors. 30 00:01:12,920 --> 00:01:14,240 Speaker 3: Buying into this name. 31 00:01:14,319 --> 00:01:18,399 Speaker 1: This concludes David Tepper's Apple, LUSAP Management, George Soros's investment firm, 32 00:01:18,760 --> 00:01:22,880 Speaker 1: all investing in the company. We get those filings from 33 00:01:22,880 --> 00:01:25,560 Speaker 1: these companies, the investments who are welcome or free for 34 00:01:25,640 --> 00:01:28,880 Speaker 1: this company that has seen at stockfall about forty percent, 35 00:01:29,520 --> 00:01:31,440 Speaker 1: forty six percent this year. 36 00:01:31,520 --> 00:01:34,680 Speaker 3: It's had a rough time, we know, go back to December. 37 00:01:35,000 --> 00:01:37,720 Speaker 1: The shooting here and killing in New York City of 38 00:01:37,760 --> 00:01:39,640 Speaker 1: one of its senior executive. 39 00:01:40,040 --> 00:01:41,480 Speaker 3: They've also had a federal probe. 40 00:01:41,520 --> 00:01:43,319 Speaker 1: A lot of things going on for this name, but 41 00:01:43,440 --> 00:01:46,360 Speaker 1: definitely getting a stamp of approval in today's session from 42 00:01:46,360 --> 00:01:49,760 Speaker 1: those big name investors. Got to mention Intel guys up 43 00:01:49,920 --> 00:01:52,320 Speaker 1: for another day, two days in a row that we've 44 00:01:52,360 --> 00:01:54,440 Speaker 1: seen this one rally in a big way. 45 00:01:54,480 --> 00:01:56,200 Speaker 3: Actually maybe it's one two three. 46 00:01:56,320 --> 00:01:58,560 Speaker 1: It's been a while actually that Intel has been on 47 00:01:58,600 --> 00:02:01,480 Speaker 1: the move to the upside about seven percent yesterday on 48 00:02:01,480 --> 00:02:05,320 Speaker 1: that Bloomberg exclusive that the government, the US federal government 49 00:02:05,520 --> 00:02:07,000 Speaker 1: is considering an investment. 50 00:02:07,040 --> 00:02:08,639 Speaker 3: We got a little bit more color around it. 51 00:02:08,960 --> 00:02:11,960 Speaker 1: That might be using funds from the US chip CHIPSAC 52 00:02:12,040 --> 00:02:14,639 Speaker 1: to take a stake in Intel again, according to people familiar. 53 00:02:14,919 --> 00:02:18,280 Speaker 3: So Intel adding another three percent to its gains. 54 00:02:18,320 --> 00:02:21,119 Speaker 1: I think it's up something like twenty seven percent this week. 55 00:02:21,160 --> 00:02:23,440 Speaker 1: It's really just been on a tear. And then had 56 00:02:23,480 --> 00:02:24,040 Speaker 1: to mention. 57 00:02:23,960 --> 00:02:25,640 Speaker 3: Open Door this one. 58 00:02:25,840 --> 00:02:30,080 Speaker 1: There's been speculation about the company's CEO. Well, indeed, we 59 00:02:30,080 --> 00:02:32,680 Speaker 1: got news that Carrie Wheeler is stepping down from her 60 00:02:32,760 --> 00:02:35,200 Speaker 1: roles with the company. She was also board chair at 61 00:02:35,200 --> 00:02:37,120 Speaker 1: an open Door, and so we saw open Door at 62 00:02:37,160 --> 00:02:39,960 Speaker 1: its highs up sixteen percent m today, finishing the day 63 00:02:40,000 --> 00:02:41,519 Speaker 1: with a bad a gain of about four percent. 64 00:02:41,639 --> 00:02:44,320 Speaker 5: All right, for the decliners, Let's start with Applied Materials. 65 00:02:44,320 --> 00:02:47,560 Speaker 5: This is a producer of chip making gear. They gave 66 00:02:47,560 --> 00:02:50,520 Speaker 5: it disappointing sales and profit forecast, and it fell the 67 00:02:50,560 --> 00:02:54,120 Speaker 5: most since March twenty twenty, closing the day down fourteen percent. 68 00:02:54,440 --> 00:02:57,040 Speaker 5: The company said revenue will be six point seven billion 69 00:02:57,560 --> 00:02:59,960 Speaker 5: in the fourth quarter. Estimates were for about seven point 70 00:03:00,000 --> 00:03:02,760 Speaker 5: point three, and the CEO said they're seeing less demand 71 00:03:02,760 --> 00:03:06,520 Speaker 5: from customers in China. We got a downgrade from BAA 72 00:03:06,560 --> 00:03:07,959 Speaker 5: on the back of that, and that stock is down 73 00:03:08,000 --> 00:03:11,560 Speaker 5: twenty two percent over the last year. Roadblocks is a 74 00:03:11,600 --> 00:03:14,560 Speaker 5: stock that is up one hundred percent year to date, 75 00:03:14,600 --> 00:03:17,959 Speaker 5: but it was falling today after the Louisiana Attorney General 76 00:03:18,000 --> 00:03:20,880 Speaker 5: said in a lawsuit filed against the online game maker 77 00:03:20,960 --> 00:03:24,320 Speaker 5: that their products are used to facilitate and distribute child 78 00:03:24,480 --> 00:03:28,840 Speaker 5: sexual abuse material and the exploitation of minor children. This 79 00:03:28,919 --> 00:03:32,519 Speaker 5: is a very popular stock with retail with fund managers, 80 00:03:32,800 --> 00:03:35,960 Speaker 5: but a big series news today here with Roadblocks. TD 81 00:03:36,080 --> 00:03:38,920 Speaker 5: Cowan actually affirmed a cell rating on the stock and 82 00:03:38,960 --> 00:03:42,280 Speaker 5: wrote that regulatory risk is non negligible at the company. 83 00:03:42,320 --> 00:03:44,920 Speaker 5: So we did see Roadblocks closing the day down about 84 00:03:44,960 --> 00:03:48,240 Speaker 5: six percent. And then finally Flowers Foods. This is the 85 00:03:48,320 --> 00:03:51,840 Speaker 5: parent company of bread and snackcakes through the parent company 86 00:03:51,840 --> 00:03:55,240 Speaker 5: of Wonderbread Dave's Bread you might know that brand, and 87 00:03:55,280 --> 00:03:58,760 Speaker 5: they make other packaged bread. They cut their year outlook 88 00:03:58,880 --> 00:04:02,400 Speaker 5: and second quarter revenue did disappoint due to stiffer competition. 89 00:04:02,480 --> 00:04:06,920 Speaker 5: They said the continuing challenging economic environment and shifting consumer 90 00:04:06,960 --> 00:04:11,040 Speaker 5: trends have pressured their end markets and hampered recent results, 91 00:04:11,080 --> 00:04:13,080 Speaker 5: so we did see that stock close the day down 92 00:04:13,160 --> 00:04:13,960 Speaker 5: over five percent. 93 00:04:14,040 --> 00:04:16,159 Speaker 4: All right, let's take a look at the treasury market. 94 00:04:16,440 --> 00:04:19,680 Speaker 4: You can see lower prices, higher yields, certainly at the 95 00:04:19,720 --> 00:04:22,760 Speaker 4: longer end of the yield curve. We had some contradictory 96 00:04:23,320 --> 00:04:26,719 Speaker 4: data out today, whether it's retail sales or consumer sentiment, 97 00:04:26,800 --> 00:04:29,839 Speaker 4: that raises questions over what the Fed does next. But everyone, 98 00:04:29,839 --> 00:04:33,880 Speaker 4: of course is looking ahead to next week's Jackson Hole Symposium, 99 00:04:33,960 --> 00:04:36,760 Speaker 4: where Japowel will be speaking at the second half of 100 00:04:36,760 --> 00:04:39,240 Speaker 4: the week to get a sense of what's next from 101 00:04:39,440 --> 00:04:40,160 Speaker 4: the Central Bank. 102 00:04:41,520 --> 00:04:45,560 Speaker 2: This stock Mover's report from Bloomberg Radio. Check back with 103 00:04:45,640 --> 00:04:48,200 Speaker 2: us throughout the day for the latest roundup of companies 104 00:04:48,279 --> 00:04:51,360 Speaker 2: making news on Wall Street and for the latest market 105 00:04:51,400 --> 00:04:55,839 Speaker 2: moving headlines. Listen to Bloomberg Radio Live, catch us on YouTube, 106 00:04:55,960 --> 00:04:59,440 Speaker 2: Bloomberg dot com, and on Applecarplay and Android Auto with 107 00:04:59,520 --> 00:05:00,960 Speaker 2: the bloom Berg Business app. 108 00:05:03,800 --> 00:05:04,160 Speaker 1: Mm hmm.