WEBVTT - Closing Bell: Draft Kings, Flutter, Cruise Lines All Jump; Micron Continues to Sink

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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 companies making moves at the close of US trading

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<v Speaker 2>with Carol Masser, Tim Stenovak, Romaine Bostik, and Katie Greifel.

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<v Speaker 3>I had a lot to choose from in terms of

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<v Speaker 3>individual gainers. So let's get to it, folks. Two names,

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<v Speaker 3>Draftking and Flutter certainly some outperformance they're in the trade.

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<v Speaker 3>That has to do with these two names gaining after

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<v Speaker 3>the Wall Street Journal reported that US Senators are set

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<v Speaker 3>to introduce bipartisan legislation to band sports bets on prediction markets.

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<v Speaker 3>So this has certainly been giving the likes of DraftKings

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<v Speaker 3>and Flutter kind of a run for their money. Now,

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<v Speaker 3>the bill pertains to entities regulated by the CFTC, including

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<v Speaker 3>prediction market exchanges, KUSHI and Polymarket. According to the newspaper,

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<v Speaker 3>as I said, these two names that have been under

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<v Speaker 3>some pressure as investors spread over the competitive threat posed

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<v Speaker 3>by Calcian Polymarket, which have seen volumes tied to sporting

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<v Speaker 3>events boom. So we're going to keep a watch on

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<v Speaker 3>that one. DraftKings up more than one percent and Flutter

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<v Speaker 3>up about four point four percent. Flip it on over

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<v Speaker 3>to the cruise lines also getting a kick to the upside,

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<v Speaker 3>and they were among your top gainers in the S

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<v Speaker 3>and P five hundred. Norwegion up more than six percent,

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<v Speaker 3>and you're looking at more than five and a half

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<v Speaker 3>percent gains on both Carnival and Royal. And this basically

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<v Speaker 3>has to do with what's going on at least some

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<v Speaker 3>of the headlines out of the president when it comes

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<v Speaker 3>to the war in the Middle East and in Iran,

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<v Speaker 3>President Trump backing off those threats. So we did see

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<v Speaker 3>the whole travel sector actually gaining in today's session, so

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<v Speaker 3>some optimism coming back. And then one more name I

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<v Speaker 3>just want to throw into it is Palanteer that one

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<v Speaker 3>up six almost six point eight percent in today's session,

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<v Speaker 3>top in the NASDAQ one hundred as its Maven artificial

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<v Speaker 3>intelligence system will reportedly become an official program of record

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<v Speaker 3>for the Pentagon. You might remember on Friday, our own

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<v Speaker 3>Katrina Mansage get a new book app that's all about

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<v Speaker 3>Project Maven that's been developed over the last decade or so.

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<v Speaker 3>She reported on Friday how the Pentagon intends to accelerate

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<v Speaker 3>AI enable decision making and put it at the heart

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<v Speaker 3>of its ambition to link up sensors and shooters for

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<v Speaker 3>combat operations. That was according to a policy memo seen

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<v Speaker 3>by Bloomberg. So she kind of front run that front

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<v Speaker 3>ran front run.

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<v Speaker 1>Very cool book too.

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<v Speaker 3>Yeah, it is a incredible book about what the government's

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<v Speaker 3>been working on.

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<v Speaker 1>Hey, I abought some decliners. Not easy to find it.

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<v Speaker 3>Project Maven, Project Maven, Katrina Manson. Man, you even talked

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<v Speaker 3>to her? You should?

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<v Speaker 2>I haven't, but thank you. Okay, you're welcome.

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<v Speaker 1>Let's start with Micron shares down four point four percent today,

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<v Speaker 1>down for a third day in a row after the

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<v Speaker 1>company last week reported capex for the year that was

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<v Speaker 1>higher than analysts wanted to see, down more than thirteen

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<v Speaker 1>and a half percent since those highs just after reporting

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<v Speaker 1>last week. Also, want to talk about shares of fives,

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<v Speaker 1>they're kind of hovering lower by about seven tents of

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<v Speaker 1>one percent for much of the session. That's where it

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<v Speaker 1>finished this after the company said it it's experiment and

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<v Speaker 1>a lime vaccine was only seventy three percent effective against

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<v Speaker 1>lime disease. It's a lackluster result as fewer than expected

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<v Speaker 1>infections in the Pivotal study made its potency hard to evaluate.

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<v Speaker 1>There's currently no human vaccine for lime disease on the market.

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<v Speaker 1>Also late in trading, we saw Fico fair Isaac Corp

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<v Speaker 1>shares and take a hit today, this after Politico reported

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<v Speaker 1>that the company is being queried by Senator Josh Holly

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<v Speaker 1>for its mortgage credit scoring. Look at this down five

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<v Speaker 1>point seven percent. Political reported on a letter that Center

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<v Speaker 1>Holly sent to FICO that said, quote, these price increases

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<v Speaker 1>are most damaging to the Americans who can least afford them.

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<v Speaker 1>First time home buyer is very disproportionate burden of the cost.

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<v Speaker 1>Once again, Fyco shares following by five point seven percent

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<v Speaker 1>and a late ad big thank you to the controller

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<v Speaker 1>for throwing this one up. There. Esta latter company shares

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<v Speaker 1>laid in the session down seven point seven percent. Amazing,

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<v Speaker 1>this is wild. The Ft reported the companies nearing a

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<v Speaker 1>deal to combine with Quig Brands It's a Span beauty firm.

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<v Speaker 1>The transaction could be announced as soon as Monday, according

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<v Speaker 1>to the newspapers cited people familiar with the matter. Estay

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<v Speaker 1>a lot of shares down seven point seven percent today.

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<v Speaker 2>The Stockmover's report from Bloomberg Radio check back with us

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