WEBVTT - JetBlue Soars, Meta Gains, Arm Rises

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<v Speaker 1>Bloomberg Audio Studios, Podcasts, radio News.

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<v Speaker 2>The Stock Movers Report, your roundup of companies making moves

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<v Speaker 2>in the stock market, harnessing the power of Bloomberg Data.

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<v Speaker 3>I'm Carol Masser, long itemsten of it. Let's get to

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<v Speaker 3>some stocks on the move with us as Bloomberg News

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<v Speaker 3>Equities reporter Alex Semenova.

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<v Speaker 1>In the house.

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<v Speaker 3>Right there are some big moves in either direction today.

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<v Speaker 4>Yeah, absolutely, And I'm going to start with one that

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<v Speaker 4>is seeing a big swing right now, Jet Blue. It

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<v Speaker 4>is exploring the option of selling itself. This is according

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<v Speaker 4>to report from Semaphore. Apparently it already hired advisors to

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<v Speaker 4>explore the viability of a deal. They're considering the potential

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<v Speaker 4>regulatory hurdles of what that would look like, kind of

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<v Speaker 4>exploring all scenarios. Worth noting though, that these are very

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<v Speaker 4>early conversations. They have no idea what it would look

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<v Speaker 4>like yet. They're just kind of exploring these discussions right now.

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<v Speaker 4>But they considered a potential tye up with United Alaska

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<v Speaker 4>Line Southwest, and investors are liking the idea of that.

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<v Speaker 4>The stock is up about eighteen percent right now. It's

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<v Speaker 4>best day since Liberation Day last year. When everything was rallying.

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<v Speaker 4>So that just gives you some context on the scope

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<v Speaker 4>of this move.

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<v Speaker 1>It's a five dollars stock. I was just going to say,

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<v Speaker 1>it's been getting beat up.

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<v Speaker 5>I mean, if you go back to look twenty fifteen,

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<v Speaker 5>it was a twenty six dollars share. Now it's down

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<v Speaker 5>to five dollars. It's just this, It exists in this

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<v Speaker 5>challenging place where it's neither you know, an ultra low

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<v Speaker 5>cost carrier or one of the premium Big three.

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<v Speaker 1>Yeh, it's a challenging place for an airline to be

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<v Speaker 1>in the US.

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<v Speaker 3>You go back fourteen to fifteen years, I mean, this

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<v Speaker 3>was the airline to beat. Their planes were new, they

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<v Speaker 3>didn't have a lot of legacy issues.

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<v Speaker 1>They had screens in the seats exactly.

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<v Speaker 5>Guess what if you get on one of those planes

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<v Speaker 5>now a lot of times those screens on the seats

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<v Speaker 5>are the same ones they had fifteen years ago.

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<v Speaker 3>Wow, coming in hot there, that's.

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<v Speaker 1>What it feels like.

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<v Speaker 6>Truly, No, really, I mean no, but it's interesting how

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<v Speaker 6>they really disrupted in many ways, right, and the legacy

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<v Speaker 6>carriers are having such a hard time, and now they're

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<v Speaker 6>kind of one of the legacy cares to figure things forward.

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<v Speaker 4>Years of operational losses for them, hence that reaction from investors.

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<v Speaker 4>They're hoping that maybe some kind of mix up with

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<v Speaker 4>another company would be good for them.

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<v Speaker 3>It's amazing that if that brand goes away or like,

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<v Speaker 3>does it like somehow they keep it, don't you think?

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<v Speaker 3>I don't know.

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<v Speaker 1>It's interesting to.

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<v Speaker 4>See what happens at this stage. They might not have

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<v Speaker 4>any deal at all.

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<v Speaker 3>Yeah, all right, good points. So that stock is definitely ralling.

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<v Speaker 3>Let's go to Meta.

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<v Speaker 4>So also taking a look at another stock that is

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<v Speaker 4>in the green today, that is Meta Platforms. It's up

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<v Speaker 4>just slightly about half a percent right now. It is

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<v Speaker 4>cutting at several hundred jobs as part of a restructuring.

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<v Speaker 4>This will be across several teams in the business, including sales, recruiting,

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<v Speaker 4>and its Reality Labs division. It's worth noting that this

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<v Speaker 4>isn't necessarily a cost cutting effort because they did, you know,

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<v Speaker 4>report capital expenditures at a record high this year. They're

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<v Speaker 4>going to roll out a lot of AI investment. It's

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<v Speaker 4>perhaps a reorganization of the business like we've seen. We

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<v Speaker 4>saw scale back it's Meta unit now the Reality Labs

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<v Speaker 4>division apparently The layoffs will impact about a thousand employees

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<v Speaker 4>in total, so some calling here. Meta had about seventy

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<v Speaker 4>nine thousand, seventy nine thousand employees worldwide at the start

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<v Speaker 4>of the year, So a little bit of trimming. Yeah,

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<v Speaker 4>pretty standard with what a lot of companies do every

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<v Speaker 4>day as they kind of reorganize the business, like.

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<v Speaker 3>Fine tuning, right, Like, yeah, focusing on it. It's unfortunate if

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<v Speaker 3>you're part of the cut, no doubt about it. But

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<v Speaker 3>you know that's what businesses unfortunately need to do, and

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<v Speaker 3>you just hope you're part of the growing part of

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<v Speaker 3>the business.

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<v Speaker 1>Yeah, where companies investing. Yeah, I mean you know.

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<v Speaker 5>Also, of course the liable and social media addiction case

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<v Speaker 5>that we saw earlier.

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<v Speaker 4>The verdict on that just came out as well.

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<v Speaker 5>Yeah, and I think what was notable there, and you know,

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<v Speaker 5>shares about half a percentage point right now, but we

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<v Speaker 5>didn't see shares really dip lower on that news.

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<v Speaker 4>Yeah. I'm going to transition here. Yeah, I have a

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<v Speaker 4>pretty smioth transition now from Meta to Armholdings because Meta

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<v Speaker 4>out will be the first major customer for its chips.

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<v Speaker 4>So ARM Holdings was always known for licensing it's technology

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<v Speaker 4>to semiconductor makers and now it'll sell its own chips

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<v Speaker 4>for the first time ever. This move is forecast to

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<v Speaker 4>generate about fifteen billion dollars annually within five years. Investors

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<v Speaker 4>are liking this too. The stock is up nearly eighteen

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<v Speaker 4>percent right now, So, like you, Tim, kind of hard

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<v Speaker 4>to find.

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<v Speaker 1>I need to say stocks.

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<v Speaker 4>In the rest.

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<v Speaker 1>Three great names, but they're all in the green. They're

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<v Speaker 1>of no use to me.

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<v Speaker 2>Thank you.

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<v Speaker 4>You have to you have to break the bad news

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<v Speaker 4>to us about the stocks that are following today. But

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<v Speaker 4>good day for Armhold.

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<v Speaker 1>Oh yeah, it'll be fine.

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<v Speaker 3>You're two side Stanford Trade. There's a couple of stocks

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<v Speaker 3>to the down side.

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<v Speaker 5>We did have a great Tom McKenzie sat down with

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<v Speaker 5>the Armed CEO Rene Haas yesterday. I do encourage everybody

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<v Speaker 5>to check it out if you missed that interview.

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<v Speaker 3>I'm looking for some decliners for you.

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<v Speaker 1>Oh I have decliners. Come on, I come. I'm not

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<v Speaker 1>going to give them a very frustrating market right now.

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<v Speaker 1>Everything okay, We're just want to make sure you're okay.

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<v Speaker 3>All right, Alex, thank you so much.

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<v Speaker 4>Thank you, guys.

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<v Speaker 3>You bet Alex Simon versus Boomberg News Equities Reporter for

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