WEBVTT - Closing Bell: FedEx Rallies, Apple Rises, Oracle Rises on Meta AI Cloud Deal

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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 movers report.

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<v Speaker 2>The company's making moves at the close of US trading

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<v Speaker 2>with Carol Masser, Tim Stenebeck, Romain, Bostik, and Scarlett Foo.

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<v Speaker 3>S and P five hundred, two hundred and eleven names

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<v Speaker 3>in the average hired today Katie two hundred and ninety

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<v Speaker 3>to the downside, two unchanged.

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<v Speaker 4>Let's take a look at the sector level, as illustrated

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<v Speaker 4>by this circle.

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<v Speaker 5>You can see it's.

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<v Speaker 4>Very green today and it's big tech once again.

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<v Speaker 5>This is what we saw yesterday, it's what we see.

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<v Speaker 4>On this Friday, really leading gains at the sector level, up.

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<v Speaker 5>More than one percent.

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<v Speaker 4>Utilities too though, getting in on the action as to

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<v Speaker 4>did communication services. On the downside, you do have four

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<v Speaker 4>sectors in the red on this Friday, Energy leading losses

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<v Speaker 4>off by one point three percent, real Estate, consumer staples

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<v Speaker 4>and healthcare also finishing the day lower.

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<v Speaker 3>Carol, a lot of green, all right, Let's get to

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<v Speaker 3>some of those individual gainers that got it there. FedEx

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<v Speaker 3>that stoff, finishing off its best levels of the session,

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<v Speaker 3>still a gain of two point three percent. The company

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<v Speaker 3>reported better than expected adjusted earnings per share for the

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<v Speaker 3>first quarter, reinstated it's full year sales and profit outlook,

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<v Speaker 3>and that's really what got investors excited because remember when

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<v Speaker 3>they had suspended it because they just weren't quite sure

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<v Speaker 3>what was coming at them.

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<v Speaker 5>And this is all happening.

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<v Speaker 3>Investors buying the stock because the company still expects a

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<v Speaker 3>one billion dollar hit from trade volatility this year due

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<v Speaker 3>to President Trump's tarifs and the loss of a key

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<v Speaker 3>exemption for low value goods. Got to mention Apple as well.

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<v Speaker 3>That one up about three point two percent.

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<v Speaker 1>Did get a new iPhone today?

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<v Speaker 5>I did not. I'm still happy with what I've got.

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<v Speaker 3>I'm still getting used to that new Was it liquid

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<v Speaker 3>glass or whatever the heck it is?

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<v Speaker 4>I don't know.

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<v Speaker 1>I'm on iPhone six.

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<v Speaker 3>Sorry for you, all right, Well, the iPhone seventeen, pro

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<v Speaker 3>Promacs and iPhone Air have got on sale, with the

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<v Speaker 3>new phones attracting long lines at Apple stores in various location.

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<v Speaker 5>It is a first time.

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<v Speaker 1>I was in that line today.

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<v Speaker 5>By the way, you're buying something now.

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<v Speaker 1>I was actually there for something completely unrelated to Tim Cook,

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<v Speaker 1>but I just happened to run into him. I said, Hi,

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<v Speaker 1>did you there for the vibes. Yes, seriously, did you

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<v Speaker 1>ask him anything?

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<v Speaker 4>I did not.

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<v Speaker 1>I did not get that close to him. You know,

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<v Speaker 1>he has a lot of security around them.

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<v Speaker 5>Okay, yeah, they're probably to you. Yeah, it's like beings

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<v Speaker 5>like the president. You gotta get it close to him.

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<v Speaker 5>They're like, who are you all right? Moving along?

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<v Speaker 3>Apple shares of three point two percent. Keep in mind,

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<v Speaker 3>I think it was our marker. I've been pointing out

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<v Speaker 3>first time since twenty twenty that Apple has rolled out

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<v Speaker 3>several new phone designs and a lot of new gears,

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<v Speaker 3>so people excited this one. Courtesy of my lovely co

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<v Speaker 3>host Tim Stanovek. Bright House Financial, Yes, thank you, thank you.

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<v Speaker 3>BHF is the tick our stock up twenty seven percent

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<v Speaker 3>in today's session. A consortium led by the insurer Aquarium

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<v Speaker 3>Holdings in advanced talks to pay sixty five to seventy

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<v Speaker 3>per share for bright House Financial. This is, according to

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<v Speaker 3>people in the know, as the sales process for the

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<v Speaker 3>annuity provider comes to a head.

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<v Speaker 5>So we'll see. Bright House could decide.

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<v Speaker 3>As soon as next week to move forward, or they

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<v Speaker 3>could remain independent, according to those people to know, And

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<v Speaker 3>I'm just going to throw in, Oh sure, Finley, I

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<v Speaker 3>didn't send this to you, but Oracle a late pop

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<v Speaker 3>on that redhead up about four percent here of the

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<v Speaker 3>close company in talks with Meta on a two billion dollar,

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<v Speaker 3>twenty billion dollar excuse me, twenty billion dollar AI cloud

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<v Speaker 3>computing deal. We know Oracle has been on a tear

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<v Speaker 3>when it comes to lining up AI cloud computing deal.

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<v Speaker 3>Stocks up eighty five percent year to date. I'm done,

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<v Speaker 3>all right.

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<v Speaker 6>I want to get to some of the decliners today.

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<v Speaker 6>Homebuilders taken a hit. Big part of that is because

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<v Speaker 6>of Lenar, down four point two percent the company's forecast

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<v Speaker 6>for quarterly home orders misanalyst estimates due to af affordability

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<v Speaker 6>concerns potential concerns about the job market as well. Lennar's results,

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<v Speaker 6>according to the company, reflect both the continued pressures of

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<v Speaker 6>today's housing market and the consistency of Lenar's operating strategy.

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<v Speaker 6>Every single name in the fifteen hundred home index the

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<v Speaker 6>S and P five hundred SMB fifteen hundred excuse me

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<v Speaker 6>Home Index was lower on the day today. Also, while

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<v Speaker 6>in the parent company of Instacart, it's ticker is CRT,

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<v Speaker 6>Maple Bear is the name down eight point six percent

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<v Speaker 6>this after reports late today late yesterday rather that Amazon

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<v Speaker 6>has partnered with Southeastern supermarket chain when Dixie for grocery

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<v Speaker 6>delivery in Florida. Other grocers also traded lower today, including

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<v Speaker 6>Kroger and Albert Sims as well. And finally, just watching

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<v Speaker 6>what happened with Intel today. After this week's record run,

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<v Speaker 6>Intel shares fell after City Group downgraded the stock to

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<v Speaker 6>sell from neutral, pointing to the company's rich valuation. Shares

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<v Speaker 6>fell in the day today, down three point two percent.

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<v Speaker 6>Remember shares rallied twenty three percent on Thursday after in

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<v Speaker 6>the video agreed to invest five billion dollars in the company.

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<v Speaker 1>And I just want to add an honorable mention on

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<v Speaker 1>that subbub that was second look at those shares. Remember

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<v Speaker 1>they had the IPO on Wednesday or Tuesday night, excuse me,

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<v Speaker 1>a twenty three to fifty. They've closed below that in

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<v Speaker 1>every session since, including today, down another ten percent. Some

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<v Speaker 1>of that might actually have to do with the mediosyncratic issues,

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<v Speaker 1>though I ex give me some issues coming out of

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<v Speaker 1>Washington with regards to some concerns about Ticketmaster and they

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<v Speaker 1>practices as well.

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<v Speaker 6>I was looking at Pattern Technology, which is another IPO

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<v Speaker 6>today it was it initially opened down as much as

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<v Speaker 6>eight point nine percent. It ended up finishing the day

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<v Speaker 6>higher by nine point six percent. But for a long

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<v Speaker 6>time today I thought that was going to be another

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<v Speaker 6>IPO that kind of stuttered out.

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<v Speaker 5>Of the gate.

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<v Speaker 1>Yeah, I think we've had three this week actually that

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<v Speaker 1>did not perform as well as some of the ones

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<v Speaker 1>that we had in the previous week. We'll be interesting

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<v Speaker 1>to see what the read through is as we get

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<v Speaker 1>into next week. Just a real quick check on yields

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<v Speaker 1>here on a daily basis, not a whole lot of activity,

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<v Speaker 1>But the more notable move is what we saw on

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<v Speaker 1>a weekly basis, the first weekly decline that we've seen

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<v Speaker 1>in yields across the board since mid August.

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<v Speaker 5>So despite the fact that you are.

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<v Speaker 1>Seeing a little bit of an upswing in yields on

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<v Speaker 1>the day, we should point out that the trend line

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<v Speaker 1>has been to the downside as expected. A lot of

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<v Speaker 1>folks front run front ran that fed rate decision, and

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<v Speaker 1>at least alicks right now with regards to the latest

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<v Speaker 1>CFTC data, that people are still positioned for additional drop

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<v Speaker 1>in yields.

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<v Speaker 2>This stock Movers report from Bloomberg Radio check back with

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<v Speaker 2>us throughout the day. For the latest roundup of companies

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<v Speaker 2>making news on Wall Street, and for the latest market

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<v Speaker 2>moving headlines. Listen to Bloomberg Radio Live, catch us on YouTube,

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