WEBVTT - Closing Bell: Alphabet Rises, Walmart Slips, CoreWeave Drops

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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 the 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 stenovek 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>if I may, and it's Fix Fix as the ticker

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<v Speaker 3>Comfort Systems number one gainer in the S and P

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<v Speaker 3>five hundred, hitting an all time high today at least

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<v Speaker 3>intra day. That's stuck up about six and a half

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<v Speaker 3>percent here in the session. It provides heating, ventilation, air

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<v Speaker 3>conditioning system installation, all that good stuff. Firm reported revenue

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<v Speaker 3>for the fourth quarter that beat the average analyst estimate.

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<v Speaker 3>Keep in mind this is a stock that has been

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<v Speaker 3>on a tear this year. It's up about sixty percent,

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<v Speaker 3>so some more momentum to the upside in today's trade.

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<v Speaker 3>Flip it on over to General Electric, finishing just its

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<v Speaker 3>best levels of the session. It too, hit an all

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<v Speaker 3>time high in the session today, finishing the day with

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<v Speaker 3>a gain of about two and a half percent. Morgan

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<v Speaker 3>Stanley initiating with a recommendation of overweight, citing the engine

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<v Speaker 3>manufacturer's durable services growth, strong pricing power, and pristine balance sheet.

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<v Speaker 3>The analyst there says Wall Street estimate underestimates, I should say,

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<v Speaker 3>long term free cash flow with further upside from earnings

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<v Speaker 3>revisions and multiple expansion. They set a price target of

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<v Speaker 3>four hundred and twenty five dollars to share, stock closing

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<v Speaker 3>at three forty three and change. So some upside certainly

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<v Speaker 3>on that one stock is up about eleven percent year

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<v Speaker 3>to date, and then the number one gainer in the

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<v Speaker 3>Nasdaq one hundred we're talking about Alphabet up about four

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<v Speaker 3>percent here and this one One of the things that

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<v Speaker 3>kind of stood out for me was a Wall Street

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<v Speaker 3>Journal story that says that Google is exploring new ways

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<v Speaker 3>to expand the market for its AI chips to better

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<v Speaker 3>compete with Nvidia. So the company increasing its financial support

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<v Speaker 3>to a network of data center partners, including a potential

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<v Speaker 3>one hundred million dollars investment in cloud competing startup fluid Stack.

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<v Speaker 3>But I think it's interesting as we get ready for

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<v Speaker 3>Nvidia's results.

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<v Speaker 1>Yeah, our video results was that next Wednesday, right, twenty fifth, Yeah,

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<v Speaker 1>I have full coverage right on the here on the clothes.

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<v Speaker 4>Yeah, all right, Well before then let's take a look

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<v Speaker 4>at the decliner's Blue Owl shares down four percent, down

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<v Speaker 4>ten point four percent on the week. Now. On Thursday,

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<v Speaker 4>the alternative asset manager restricted withdrawals from one of its

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<v Speaker 4>retail focused private credit funds, so that alone sparking some

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<v Speaker 4>fears here about just how much liquidity there is in

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<v Speaker 4>this asset class. Of course, there's been a lot of

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<v Speaker 4>scrutiny in recent weeks on private credit. Bloomberg also reporting

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<v Speaker 4>last night the Blue Owl did find four buyers for

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<v Speaker 4>a one point four billion dollar portfolio of loans to

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<v Speaker 4>help pay out investors. But the decline the trade today

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<v Speaker 4>really reflecting those broader fears that investors are having about

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<v Speaker 4>ill liquidity in private credit and potential losses. I do

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<v Speaker 4>want to go to Walmart, though we were talking just

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<v Speaker 4>a few minutes ago about how a lot of these

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<v Speaker 4>commerce consumer focus comes. He's not moving much on the

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<v Speaker 4>tariff news. I think Walmart is a good example. The

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<v Speaker 4>stock in the red, but only down one point five percent.

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<v Speaker 4>They did cut they got a recommendation cut over at HSBAC,

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<v Speaker 4>the analyst there cutting the retailer to hold and saying

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<v Speaker 4>that the company's fourth quarter results. The other day were solid,

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<v Speaker 4>but the outlook for twenty twenty six is surprisingly weak

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<v Speaker 4>given solid trends. Nevertheless, though it wasn't a big move

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<v Speaker 4>downward in Walmart, but keeping an eye on that. And

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<v Speaker 4>then finally, core Weave shares down eight percent. The stock

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<v Speaker 4>did have its biggest inter day drop at one point,

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<v Speaker 4>though since November it was down about twelve percent. Business

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<v Speaker 4>Insider reporting that Blue Owl, yes, the same Blue Owl

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<v Speaker 4>from just a minute ago, was unable to secure financing

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<v Speaker 4>for a four billion dollar data center project that will

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<v Speaker 4>be occupied by core Weave. So this speaks to a

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<v Speaker 4>lot of the fears in the market about there's a

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<v Speaker 4>lot of credit funding these data centers to power AI.

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<v Speaker 4>Is this actually going to create yeah, real revenue here

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<v Speaker 4>or is it going to lead to losses?

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<v Speaker 3>Yeah?

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<v Speaker 1>And just an honorable mention too, I just want to

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<v Speaker 1>point out the drop that we saw in cybersecurity stocks today,

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<v Speaker 1>including some of the names like Zscaler, Cloud Flair, crowds

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<v Speaker 1>Strike down about eight percent here on the back of

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<v Speaker 1>that release of this new anthropic tool apparently related to

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<v Speaker 1>security features and it's clawed AI model. We do need

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<v Speaker 1>to check yields just real quickly here. Of course, higher

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<v Speaker 1>on the day and higher on the week, the entire

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<v Speaker 1>curve shifting up. Here, your two year yield up about

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<v Speaker 1>two basis points. Keep an eye on that three point

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<v Speaker 1>five percent, as we're just about four weeks away from

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<v Speaker 1>the next FED decision.

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<v Speaker 4>Yeah.

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<v Speaker 3>I think it's fascinating that you went there, and I

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<v Speaker 3>think it's important because I think going into Friday, we

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<v Speaker 3>all thought we were going to be talking about the

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<v Speaker 3>inflation print and the economic data this morning, the hot

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<v Speaker 3>inflation print, weaker growth, but it certainly shifted to that

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<v Speaker 3>US Supreme Court ruling against the president's you know what,

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<v Speaker 3>is a key part of his platform. I guess at

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<v Speaker 3>this point Katie now goes to what comes next from

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<v Speaker 3>the president, the workaround that maybe he gets to do

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<v Speaker 3>so that he can continue to impose Terris. But I

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<v Speaker 3>guess we have to wait and see.

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<v Speaker 4>Here, right.

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<v Speaker 2>Yeah.

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<v Speaker 5>A conversation that Romayn and I have been having on

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<v Speaker 5>the close is what this means for the twenty twenty

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<v Speaker 5>six mid terms. It's going to be really interesting. There

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<v Speaker 5>was a great column from our own Sean Donna about

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<v Speaker 5>basically that this is secretly a gift to Trump. I

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<v Speaker 5>don't know if many others would go as far. But

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<v Speaker 5>he does point out that you take a look at

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<v Speaker 5>the polling, a lot of the Americans poll weren't approving

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<v Speaker 5>of how he was handling the economy. So from that sense,

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<v Speaker 5>if he does have to retool, if this does help

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<v Speaker 5>in terms of some of the affordability measures, that maybe

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<v Speaker 5>that will be reflected in November.

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<v Speaker 1>Well, I'm curious at how that's going to be reflected

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<v Speaker 1>in the State of the Union speech, Like how this

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<v Speaker 1>gets spun, because when I saw the press conference, I

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<v Speaker 1>thought we were going to get more of that pitch,

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<v Speaker 1>although you know it was more just emotion and grievance.

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<v Speaker 1>But obviously he's got some time to refine that message,

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<v Speaker 1>a message that presumably will actually be written by a speechwriters.

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<v Speaker 2>This stock Mover's report from Bloomberg Radio. Check back with

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