1 00:00:02,520 --> 00:00:07,360 Speaker 1: Bloomberg Audio Studios, Podcasts, radio News. 2 00:00:08,560 --> 00:00:12,440 Speaker 2: The Stock Movers Report, your roundup of companies making moves 3 00:00:12,480 --> 00:00:15,880 Speaker 2: in the stock market, harnessing the power of Bloomberg Data. 4 00:00:16,560 --> 00:00:18,759 Speaker 3: I'm Carol Masser, long itemsten of it. Let's get to 5 00:00:18,880 --> 00:00:20,800 Speaker 3: some stocks on the move with us as Bloomberg News 6 00:00:20,840 --> 00:00:23,279 Speaker 3: Equities reporter Alex Semenova. 7 00:00:22,880 --> 00:00:23,520 Speaker 1: In the house. 8 00:00:24,160 --> 00:00:27,360 Speaker 3: Right there are some big moves in either direction today. 9 00:00:27,120 --> 00:00:29,320 Speaker 4: Yeah, absolutely, And I'm going to start with one that 10 00:00:29,560 --> 00:00:32,159 Speaker 4: is seeing a big swing right now, Jet Blue. It 11 00:00:32,240 --> 00:00:35,600 Speaker 4: is exploring the option of selling itself. This is according 12 00:00:35,640 --> 00:00:39,720 Speaker 4: to report from Semaphore. Apparently it already hired advisors to 13 00:00:39,800 --> 00:00:43,440 Speaker 4: explore the viability of a deal. They're considering the potential 14 00:00:43,560 --> 00:00:46,120 Speaker 4: regulatory hurdles of what that would look like, kind of 15 00:00:46,120 --> 00:00:50,240 Speaker 4: exploring all scenarios. Worth noting though, that these are very 16 00:00:50,240 --> 00:00:53,080 Speaker 4: early conversations. They have no idea what it would look 17 00:00:53,120 --> 00:00:55,840 Speaker 4: like yet. They're just kind of exploring these discussions right now. 18 00:00:56,040 --> 00:00:59,720 Speaker 4: But they considered a potential tye up with United Alaska 19 00:01:00,160 --> 00:01:04,399 Speaker 4: Line Southwest, and investors are liking the idea of that. 20 00:01:04,520 --> 00:01:07,240 Speaker 4: The stock is up about eighteen percent right now. It's 21 00:01:07,280 --> 00:01:11,319 Speaker 4: best day since Liberation Day last year. When everything was rallying. 22 00:01:11,440 --> 00:01:14,080 Speaker 4: So that just gives you some context on the scope 23 00:01:14,080 --> 00:01:14,679 Speaker 4: of this move. 24 00:01:15,040 --> 00:01:16,920 Speaker 1: It's a five dollars stock. I was just going to say, 25 00:01:16,959 --> 00:01:17,920 Speaker 1: it's been getting beat up. 26 00:01:17,959 --> 00:01:21,160 Speaker 5: I mean, if you go back to look twenty fifteen, 27 00:01:21,200 --> 00:01:24,840 Speaker 5: it was a twenty six dollars share. Now it's down 28 00:01:24,880 --> 00:01:29,520 Speaker 5: to five dollars. It's just this, It exists in this 29 00:01:29,600 --> 00:01:32,480 Speaker 5: challenging place where it's neither you know, an ultra low 30 00:01:32,520 --> 00:01:36,440 Speaker 5: cost carrier or one of the premium Big three. 31 00:01:36,840 --> 00:01:39,440 Speaker 1: Yeh, it's a challenging place for an airline to be 32 00:01:39,480 --> 00:01:39,880 Speaker 1: in the US. 33 00:01:40,000 --> 00:01:42,560 Speaker 3: You go back fourteen to fifteen years, I mean, this 34 00:01:42,720 --> 00:01:45,160 Speaker 3: was the airline to beat. Their planes were new, they 35 00:01:45,200 --> 00:01:46,840 Speaker 3: didn't have a lot of legacy issues. 36 00:01:46,920 --> 00:01:48,920 Speaker 1: They had screens in the seats exactly. 37 00:01:49,000 --> 00:01:50,360 Speaker 5: Guess what if you get on one of those planes 38 00:01:50,400 --> 00:01:52,120 Speaker 5: now a lot of times those screens on the seats 39 00:01:52,120 --> 00:01:53,960 Speaker 5: are the same ones they had fifteen years ago. 40 00:01:54,080 --> 00:01:55,760 Speaker 3: Wow, coming in hot there, that's. 41 00:01:55,680 --> 00:01:56,320 Speaker 1: What it feels like. 42 00:01:56,400 --> 00:01:58,800 Speaker 6: Truly, No, really, I mean no, but it's interesting how 43 00:01:58,840 --> 00:02:02,680 Speaker 6: they really disrupted in many ways, right, and the legacy 44 00:02:02,680 --> 00:02:05,200 Speaker 6: carriers are having such a hard time, and now they're 45 00:02:05,280 --> 00:02:08,080 Speaker 6: kind of one of the legacy cares to figure things forward. 46 00:02:07,920 --> 00:02:11,320 Speaker 4: Years of operational losses for them, hence that reaction from investors. 47 00:02:11,360 --> 00:02:14,160 Speaker 4: They're hoping that maybe some kind of mix up with 48 00:02:14,200 --> 00:02:15,600 Speaker 4: another company would be good for them. 49 00:02:15,639 --> 00:02:17,600 Speaker 3: It's amazing that if that brand goes away or like, 50 00:02:17,680 --> 00:02:19,639 Speaker 3: does it like somehow they keep it, don't you think? 51 00:02:19,680 --> 00:02:20,000 Speaker 3: I don't know. 52 00:02:20,000 --> 00:02:20,600 Speaker 1: It's interesting to. 53 00:02:20,600 --> 00:02:22,480 Speaker 4: See what happens at this stage. They might not have 54 00:02:22,560 --> 00:02:23,320 Speaker 4: any deal at all. 55 00:02:23,520 --> 00:02:25,960 Speaker 3: Yeah, all right, good points. So that stock is definitely ralling. 56 00:02:26,080 --> 00:02:27,760 Speaker 3: Let's go to Meta. 57 00:02:27,800 --> 00:02:30,160 Speaker 4: So also taking a look at another stock that is 58 00:02:30,200 --> 00:02:32,880 Speaker 4: in the green today, that is Meta Platforms. It's up 59 00:02:32,960 --> 00:02:35,160 Speaker 4: just slightly about half a percent right now. It is 60 00:02:35,200 --> 00:02:38,480 Speaker 4: cutting at several hundred jobs as part of a restructuring. 61 00:02:38,880 --> 00:02:43,119 Speaker 4: This will be across several teams in the business, including sales, recruiting, 62 00:02:43,200 --> 00:02:46,560 Speaker 4: and its Reality Labs division. It's worth noting that this 63 00:02:46,680 --> 00:02:51,080 Speaker 4: isn't necessarily a cost cutting effort because they did, you know, 64 00:02:51,240 --> 00:02:54,519 Speaker 4: report capital expenditures at a record high this year. They're 65 00:02:54,560 --> 00:02:57,040 Speaker 4: going to roll out a lot of AI investment. It's 66 00:02:57,080 --> 00:02:59,679 Speaker 4: perhaps a reorganization of the business like we've seen. We 67 00:02:59,720 --> 00:03:03,560 Speaker 4: saw scale back it's Meta unit now the Reality Labs 68 00:03:03,600 --> 00:03:07,600 Speaker 4: division apparently The layoffs will impact about a thousand employees 69 00:03:07,600 --> 00:03:11,240 Speaker 4: in total, so some calling here. Meta had about seventy 70 00:03:11,320 --> 00:03:15,960 Speaker 4: nine thousand, seventy nine thousand employees worldwide at the start 71 00:03:16,000 --> 00:03:18,839 Speaker 4: of the year, So a little bit of trimming. Yeah, 72 00:03:18,880 --> 00:03:20,960 Speaker 4: pretty standard with what a lot of companies do every 73 00:03:21,000 --> 00:03:22,919 Speaker 4: day as they kind of reorganize the business, like. 74 00:03:22,880 --> 00:03:26,240 Speaker 3: Fine tuning, right, Like, yeah, focusing on it. It's unfortunate if 75 00:03:26,280 --> 00:03:28,200 Speaker 3: you're part of the cut, no doubt about it. But 76 00:03:29,160 --> 00:03:32,320 Speaker 3: you know that's what businesses unfortunately need to do, and 77 00:03:32,360 --> 00:03:33,960 Speaker 3: you just hope you're part of the growing part of 78 00:03:33,960 --> 00:03:34,480 Speaker 3: the business. 79 00:03:35,160 --> 00:03:37,600 Speaker 1: Yeah, where companies investing. Yeah, I mean you know. 80 00:03:38,360 --> 00:03:41,560 Speaker 5: Also, of course the liable and social media addiction case 81 00:03:41,560 --> 00:03:42,640 Speaker 5: that we saw earlier. 82 00:03:42,600 --> 00:03:44,320 Speaker 4: The verdict on that just came out as well. 83 00:03:44,400 --> 00:03:46,760 Speaker 5: Yeah, and I think what was notable there, and you know, 84 00:03:46,840 --> 00:03:48,920 Speaker 5: shares about half a percentage point right now, but we 85 00:03:48,920 --> 00:03:51,720 Speaker 5: didn't see shares really dip lower on that news. 86 00:03:51,800 --> 00:03:56,120 Speaker 4: Yeah. I'm going to transition here. Yeah, I have a 87 00:03:56,120 --> 00:04:00,000 Speaker 4: pretty smioth transition now from Meta to Armholdings because Meta 88 00:04:00,080 --> 00:04:03,720 Speaker 4: out will be the first major customer for its chips. 89 00:04:03,760 --> 00:04:07,840 Speaker 4: So ARM Holdings was always known for licensing it's technology 90 00:04:07,880 --> 00:04:10,880 Speaker 4: to semiconductor makers and now it'll sell its own chips 91 00:04:11,240 --> 00:04:13,880 Speaker 4: for the first time ever. This move is forecast to 92 00:04:13,920 --> 00:04:18,440 Speaker 4: generate about fifteen billion dollars annually within five years. Investors 93 00:04:18,480 --> 00:04:20,880 Speaker 4: are liking this too. The stock is up nearly eighteen 94 00:04:20,920 --> 00:04:23,360 Speaker 4: percent right now, So, like you, Tim, kind of hard 95 00:04:23,400 --> 00:04:23,880 Speaker 4: to find. 96 00:04:24,160 --> 00:04:25,680 Speaker 1: I need to say stocks. 97 00:04:25,400 --> 00:04:25,800 Speaker 4: In the rest. 98 00:04:26,040 --> 00:04:28,200 Speaker 1: Three great names, but they're all in the green. They're 99 00:04:28,240 --> 00:04:28,960 Speaker 1: of no use to me. 100 00:04:29,360 --> 00:04:29,760 Speaker 2: Thank you. 101 00:04:30,080 --> 00:04:32,440 Speaker 4: You have to you have to break the bad news 102 00:04:32,480 --> 00:04:34,560 Speaker 4: to us about the stocks that are following today. But 103 00:04:34,720 --> 00:04:35,719 Speaker 4: good day for Armhold. 104 00:04:35,760 --> 00:04:36,800 Speaker 1: Oh yeah, it'll be fine. 105 00:04:36,960 --> 00:04:39,280 Speaker 3: You're two side Stanford Trade. There's a couple of stocks 106 00:04:39,279 --> 00:04:39,960 Speaker 3: to the down side. 107 00:04:40,000 --> 00:04:41,800 Speaker 5: We did have a great Tom McKenzie sat down with 108 00:04:41,839 --> 00:04:44,320 Speaker 5: the Armed CEO Rene Haas yesterday. I do encourage everybody 109 00:04:44,360 --> 00:04:46,000 Speaker 5: to check it out if you missed that interview. 110 00:04:46,080 --> 00:04:47,560 Speaker 3: I'm looking for some decliners for you. 111 00:04:47,720 --> 00:04:50,520 Speaker 1: Oh I have decliners. Come on, I come. I'm not 112 00:04:50,560 --> 00:04:52,920 Speaker 1: going to give them a very frustrating market right now. 113 00:04:53,440 --> 00:04:56,279 Speaker 1: Everything okay, We're just want to make sure you're okay. 114 00:04:56,520 --> 00:04:58,240 Speaker 3: All right, Alex, thank you so much. 115 00:04:58,279 --> 00:04:58,880 Speaker 4: Thank you, guys. 116 00:04:58,960 --> 00:05:01,800 Speaker 3: You bet Alex Simon versus Boomberg News Equities Reporter for 117 00:05:01,880 --> 00:05:05,960 Speaker 3: more conversations. Stockmovers Podcast five minute episodes Big Winners, Big 118 00:05:06,000 --> 00:05:08,839 Speaker 3: Losers in the Stock Market. You can find it on Apple, Spotify, 119 00:05:08,920 --> 00:05:10,359 Speaker 3: or anywhere gets you podcasts. 120 00:05:11,720 --> 00:05:16,000 Speaker 2: The Stockmover's Report from Bloomberg Radio. Check back with us 121 00:05:16,000 --> 00:05:18,800 Speaker 2: throughout the day for the latest roundup of companies making 122 00:05:18,880 --> 00:05:22,479 Speaker 2: news on Wall Street and for the latest market moving headlines. 123 00:05:22,720 --> 00:05:26,719 Speaker 2: Listen to Bloomberg Radio Live, catch us on YouTube, Bloomberg 124 00:05:26,760 --> 00:05:29,839 Speaker 2: dot com, and on Applecarplay and Android Auto with the 125 00:05:29,880 --> 00:05:31,239 Speaker 2: Bloomberg Business app.