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 this 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 Master, Tim Stenebeck, Romain Bostik, and Scarlett Fu. 5 00:00:22,440 --> 00:00:24,640 Speaker 3: Some really interesting stories playing out too when it comes 6 00:00:24,680 --> 00:00:27,360 Speaker 3: to individual movers. I got the gainers today with Carol 7 00:00:27,480 --> 00:00:29,440 Speaker 3: out of office, I want to start with Intel. As 8 00:00:29,520 --> 00:00:33,080 Speaker 3: Romain mentioned, Lit Bhutan, the CEO who was called out 9 00:00:33,080 --> 00:00:36,360 Speaker 3: by President Trump late last week in a social media post, 10 00:00:36,400 --> 00:00:39,760 Speaker 3: according to CNBC, has been seen entering the White House. 11 00:00:39,800 --> 00:00:42,240 Speaker 3: Investors liked what they heard early this morning when the 12 00:00:42,240 --> 00:00:45,159 Speaker 3: Wall Street Journal did report that he was set for 13 00:00:45,200 --> 00:00:47,840 Speaker 3: a meeting at the White House today three point seven 14 00:00:47,880 --> 00:00:51,480 Speaker 3: percent of the upside for Intel. The person who said 15 00:00:51,479 --> 00:00:53,960 Speaker 3: this and familiar with the situation, asked not to be 16 00:00:54,000 --> 00:00:57,040 Speaker 3: identified discussing private matters. The President did write that post 17 00:00:57,120 --> 00:00:59,880 Speaker 3: on true social Thursday that Tan should step down as 18 00:01:00,000 --> 00:01:04,920 Speaker 3: CEO of Intel, describing him quote as highly conflicted. Also 19 00:01:05,000 --> 00:01:09,080 Speaker 3: watching TKO holdings ten point two percent to the upside today. 20 00:01:09,520 --> 00:01:13,319 Speaker 3: Paramount has acquired the exclusive rights to show all events 21 00:01:13,360 --> 00:01:16,920 Speaker 3: from the UFC in the US over the next seven years. 22 00:01:16,959 --> 00:01:20,640 Speaker 3: It's a seven point seven billion dollar deal. David Ellison 23 00:01:20,680 --> 00:01:24,480 Speaker 3: is paying UFC's owner, TKO Group Holdings, more than double 24 00:01:24,560 --> 00:01:27,720 Speaker 3: what it received under a previous deal with ESPN, which is, 25 00:01:27,760 --> 00:01:30,920 Speaker 3: of course, is owned by Walt Disney, and David Ellison 26 00:01:30,959 --> 00:01:33,559 Speaker 3: is hoping the mixed martial arts leg will drive millions 27 00:01:33,560 --> 00:01:37,600 Speaker 3: of viewers to the company's streaming service. Once again, TKO 28 00:01:37,640 --> 00:01:40,679 Speaker 3: Group Holdings up ten point two percent today. And finally, 29 00:01:40,680 --> 00:01:43,040 Speaker 3: did you guys see what happened with weed stocks today? 30 00:01:43,319 --> 00:01:44,320 Speaker 3: Marijuana stocks? 31 00:01:44,400 --> 00:01:44,720 Speaker 1: I did. 32 00:01:45,280 --> 00:01:48,160 Speaker 3: Till Ray up forty two percent today. It was one 33 00:01:48,200 --> 00:01:51,600 Speaker 3: of the most actively traded stocks in the US today. 34 00:01:51,640 --> 00:01:54,600 Speaker 3: This after a report that President Trump was considering reclassifying 35 00:01:54,600 --> 00:01:57,400 Speaker 3: marijuana as a less dangerous drug. The report cited the 36 00:01:57,440 --> 00:02:00,240 Speaker 3: president's remarks made during a fundraising event. This, according people 37 00:02:00,240 --> 00:02:03,320 Speaker 3: familiar with the matter, it highlighted a potential new scheduling 38 00:02:03,360 --> 00:02:06,760 Speaker 3: push from the administration. Once again, till Ray Brand's up 39 00:02:06,840 --> 00:02:08,040 Speaker 3: forty two percent today. 40 00:02:08,120 --> 00:02:10,200 Speaker 1: I just want to just add a vulnerable mention there, 41 00:02:10,200 --> 00:02:12,120 Speaker 1: and that's actually Fanny Freddy. I was just keepping an 42 00:02:12,120 --> 00:02:14,720 Speaker 1: eye on them. The shares rose fifteen percent today and 43 00:02:14,720 --> 00:02:16,840 Speaker 1: that includes a twenty percent gain on Friday. 44 00:02:16,960 --> 00:02:17,720 Speaker 3: Is this a bill? Ackman? 45 00:02:17,800 --> 00:02:20,440 Speaker 1: It's now eleven dollars forty eight cents a share. It 46 00:02:20,440 --> 00:02:23,040 Speaker 1: may not seem like a much, but a milestone here. 47 00:02:23,080 --> 00:02:25,079 Speaker 1: It's actually back to its highest level since oh eight 48 00:02:25,120 --> 00:02:27,959 Speaker 1: when it went into conservatorship back in September. Oh wait, 49 00:02:28,000 --> 00:02:30,200 Speaker 1: of course, this was of course a more one hundred 50 00:02:30,280 --> 00:02:32,519 Speaker 1: dollars stock at one point back in seven oh six. 51 00:02:32,560 --> 00:02:35,200 Speaker 1: But still a clear milestone here that maybe there is 52 00:02:35,240 --> 00:02:35,799 Speaker 1: something afoot. 53 00:02:36,080 --> 00:02:39,120 Speaker 3: Well, we still have earnings crossing right now, go Pro, 54 00:02:39,360 --> 00:02:42,040 Speaker 3: the maker of those cameras, coming out with second quarter 55 00:02:42,080 --> 00:02:45,960 Speaker 3: revenue at public. It's still public. It has not been acquired. Okay, 56 00:02:46,919 --> 00:02:49,040 Speaker 3: you know, we could do a whole story about GoPro. 57 00:02:49,120 --> 00:02:51,639 Speaker 3: It's pretty fascinating that this is still a public custom one. 58 00:02:51,720 --> 00:02:51,880 Speaker 1: Now. 59 00:02:52,200 --> 00:02:53,959 Speaker 3: Yeah, I mean, but you know a lot of people 60 00:02:54,000 --> 00:02:56,280 Speaker 3: would argue that phones may money. 61 00:02:56,400 --> 00:02:58,640 Speaker 4: I needs a whole bunch of you know, photographs and stuff. 62 00:02:58,680 --> 00:03:01,960 Speaker 4: Maybe then they'll you know, little buys the ip from 63 00:03:02,000 --> 00:03:02,560 Speaker 4: gobro or what. 64 00:03:02,720 --> 00:03:06,000 Speaker 3: Yeah, that's a good point. Second quarter adjusted revenue came 65 00:03:06,040 --> 00:03:08,320 Speaker 3: in eighteen percent below what it did at the same 66 00:03:08,400 --> 00:03:11,400 Speaker 3: time last year. Second quarter adjusted loss per share coming 67 00:03:11,400 --> 00:03:13,919 Speaker 3: in eight cents versus a loss per share of twenty 68 00:03:13,960 --> 00:03:18,120 Speaker 3: four cents last year in the after hours, shares moving 69 00:03:18,200 --> 00:03:21,040 Speaker 3: higher right now by about four point six percent. 70 00:03:21,800 --> 00:03:24,280 Speaker 4: Let's stick with the decliner. Still is down eight percent 71 00:03:24,320 --> 00:03:27,480 Speaker 4: after the company cut its animal it adjusted EBIT the forecast. 72 00:03:27,520 --> 00:03:30,920 Speaker 4: The company also said that industry specific challenges and less 73 00:03:30,960 --> 00:03:34,359 Speaker 4: favorable better conditions in much of Central America really put 74 00:03:34,400 --> 00:03:37,480 Speaker 4: pressure under industry supply, and of course there's sourcing costs 75 00:03:37,680 --> 00:03:40,960 Speaker 4: that as well as really just weak market demand. Up 76 00:03:41,000 --> 00:03:43,440 Speaker 4: next is hum Aside. This is also a big loser, 77 00:03:43,480 --> 00:03:46,240 Speaker 4: down by almost thirty percent, the most since March. So 78 00:03:46,280 --> 00:03:49,520 Speaker 4: this comes after the maker of bio engineered human tissue 79 00:03:49,520 --> 00:03:53,720 Speaker 4: product that's a mouthful imported revenue that fell short of expectations. 80 00:03:53,760 --> 00:03:55,600 Speaker 4: And I want to end on a fun note, although 81 00:03:55,600 --> 00:03:57,440 Speaker 4: maybe it's not so fun because shares are down by 82 00:03:57,440 --> 00:04:01,000 Speaker 4: almost five percent. Hershey, so the chocolate make is trading 83 00:04:01,000 --> 00:04:04,760 Speaker 4: lower as coco futures climbs. So this comes after a 84 00:04:04,760 --> 00:04:08,960 Speaker 4: renewed concern about weaker African Corp forecast in the coming season. 85 00:04:09,000 --> 00:04:11,320 Speaker 4: And on July twenty two, recall that her she said 86 00:04:11,520 --> 00:04:14,040 Speaker 4: it is raising prices on its candy due to again 87 00:04:14,480 --> 00:04:16,960 Speaker 4: historically high cocoa prices real. 88 00:04:16,880 --> 00:04:19,200 Speaker 1: Quickly, let's check in on what's happened with yields on 89 00:04:19,240 --> 00:04:21,880 Speaker 1: this day. We did see a slight down draft pretty 90 00:04:21,920 --> 00:04:24,400 Speaker 1: much across the curve, but they were, as you can see, 91 00:04:24,640 --> 00:04:27,359 Speaker 1: modest declines to be sure when it comes to yields, 92 00:04:27,360 --> 00:04:29,400 Speaker 1: in fact, basically not much of a decline at all, 93 00:04:29,640 --> 00:04:31,440 Speaker 1: call it unch on the day. But it gets to 94 00:04:31,440 --> 00:04:34,880 Speaker 1: this idea of a market that remains in stasis, as 95 00:04:34,920 --> 00:04:38,000 Speaker 1: of course, everyone now awaits the economic data, and the 96 00:04:38,080 --> 00:04:41,120 Speaker 1: economic data, of course, as it sort of will relate 97 00:04:41,320 --> 00:04:43,840 Speaker 1: to what the Fed may potentially do next. Will they 98 00:04:43,880 --> 00:04:47,040 Speaker 1: have enough ammunition to actually come out and cut rates 99 00:04:47,160 --> 00:04:48,680 Speaker 1: at their September meeting. 100 00:04:50,520 --> 00:04:54,560 Speaker 2: The Stock Movers report from Bloomberg Radio. Check back with 101 00:04:54,640 --> 00:04:57,200 Speaker 2: us throughout the day for the latest roundup of companies 102 00:04:57,279 --> 00:05:00,359 Speaker 2: making news on Wall Street and for the latest market 103 00:05:00,440 --> 00:05:04,839 Speaker 2: moving headlines. Listen to Bloomberg Radio Live, catch us on YouTube, 104 00:05:04,960 --> 00:05:08,440 Speaker 2: Bloomberg dot com, and on Applecarplay and Android Auto with 105 00:05:08,520 --> 00:05:10,000 Speaker 2: the Bloomberg Business app.