Speaker 1: Bloomberg Audio Studios, Podcasts, radio News.
Speaker 2: The Stock Movers Report, your roundup of companies making moves
Speaker 2: in the stock market, harnessing the power of Bloomberg Data.
Speaker 3: I'm Carol Masser, long itemsten of it. Let's get to
Speaker 3: some stocks on the move with us as Bloomberg News
Speaker 3: Equities reporter Alex Semenova.
Speaker 1: In the house.
Speaker 3: Right there are some big moves in either direction today.
Speaker 4: Yeah, absolutely, And I'm going to start with one that
Speaker 4: is seeing a big swing right now, Jet Blue. It
Speaker 4: is exploring the option of selling itself. This is according
Speaker 4: to report from Semaphore. Apparently it already hired advisors to
Speaker 4: explore the viability of a deal. They're considering the potential
Speaker 4: regulatory hurdles of what that would look like, kind of
Speaker 4: exploring all scenarios. Worth noting though, that these are very
Speaker 4: early conversations. They have no idea what it would look
Speaker 4: like yet. They're just kind of exploring these discussions right now.
Speaker 4: But they considered a potential tye up with United Alaska
Speaker 4: Line Southwest, and investors are liking the idea of that.
Speaker 4: The stock is up about eighteen percent right now. It's
Speaker 4: best day since Liberation Day last year. When everything was rallying.
Speaker 4: So that just gives you some context on the scope
Speaker 4: of this move.
Speaker 1: It's a five dollars stock. I was just going to say,
Speaker 1: it's been getting beat up.
Speaker 5: I mean, if you go back to look twenty fifteen,
Speaker 5: it was a twenty six dollars share. Now it's down
Speaker 5: to five dollars. It's just this, It exists in this
Speaker 5: challenging place where it's neither you know, an ultra low
Speaker 5: cost carrier or one of the premium Big three.
Speaker 1: Yeh, it's a challenging place for an airline to be
Speaker 1: in the US.
Speaker 3: You go back fourteen to fifteen years, I mean, this
Speaker 3: was the airline to beat. Their planes were new, they
Speaker 3: didn't have a lot of legacy issues.
Speaker 1: They had screens in the seats exactly.
Speaker 5: Guess what if you get on one of those planes
Speaker 5: now a lot of times those screens on the seats
Speaker 5: are the same ones they had fifteen years ago.
Speaker 3: Wow, coming in hot there, that's.
Speaker 1: What it feels like.
Speaker 6: Truly, No, really, I mean no, but it's interesting how
Speaker 6: they really disrupted in many ways, right, and the legacy
Speaker 6: carriers are having such a hard time, and now they're
Speaker 6: kind of one of the legacy cares to figure things forward.
Speaker 4: Years of operational losses for them, hence that reaction from investors.
Speaker 4: They're hoping that maybe some kind of mix up with
Speaker 4: another company would be good for them.
Speaker 3: It's amazing that if that brand goes away or like,
Speaker 3: does it like somehow they keep it, don't you think?
Speaker 3: I don't know.
Speaker 1: It's interesting to.
Speaker 4: See what happens at this stage. They might not have
Speaker 4: any deal at all.
Speaker 3: Yeah, all right, good points. So that stock is definitely ralling.
Speaker 3: Let's go to Meta.
Speaker 4: So also taking a look at another stock that is
Speaker 4: in the green today, that is Meta Platforms. It's up
Speaker 4: just slightly about half a percent right now. It is
Speaker 4: cutting at several hundred jobs as part of a restructuring.
Speaker 4: This will be across several teams in the business, including sales, recruiting,
Speaker 4: and its Reality Labs division. It's worth noting that this
Speaker 4: isn't necessarily a cost cutting effort because they did, you know,
Speaker 4: report capital expenditures at a record high this year. They're
Speaker 4: going to roll out a lot of AI investment. It's
Speaker 4: perhaps a reorganization of the business like we've seen. We
Speaker 4: saw scale back it's Meta unit now the Reality Labs
Speaker 4: division apparently The layoffs will impact about a thousand employees
Speaker 4: in total, so some calling here. Meta had about seventy
Speaker 4: nine thousand, seventy nine thousand employees worldwide at the start
Speaker 4: of the year, So a little bit of trimming. Yeah,
Speaker 4: pretty standard with what a lot of companies do every
Speaker 4: day as they kind of reorganize the business, like.
Speaker 3: Fine tuning, right, Like, yeah, focusing on it. It's unfortunate if
Speaker 3: you're part of the cut, no doubt about it. But
Speaker 3: you know that's what businesses unfortunately need to do, and
Speaker 3: you just hope you're part of the growing part of
Speaker 3: the business.
Speaker 1: Yeah, where companies investing. Yeah, I mean you know.
Speaker 5: Also, of course the liable and social media addiction case
Speaker 5: that we saw earlier.
Speaker 4: The verdict on that just came out as well.
Speaker 5: Yeah, and I think what was notable there, and you know,
Speaker 5: shares about half a percentage point right now, but we
Speaker 5: didn't see shares really dip lower on that news.
Speaker 4: Yeah. I'm going to transition here. Yeah, I have a
Speaker 4: pretty smioth transition now from Meta to Armholdings because Meta
Speaker 4: out will be the first major customer for its chips.
Speaker 4: So ARM Holdings was always known for licensing it's technology
Speaker 4: to semiconductor makers and now it'll sell its own chips
Speaker 4: for the first time ever. This move is forecast to
Speaker 4: generate about fifteen billion dollars annually within five years. Investors
Speaker 4: are liking this too. The stock is up nearly eighteen
Speaker 4: percent right now, So, like you, Tim, kind of hard
Speaker 4: to find.
Speaker 1: I need to say stocks.
Speaker 4: In the rest.
Speaker 1: Three great names, but they're all in the green. They're
Speaker 1: of no use to me.
Speaker 2: Thank you.
Speaker 4: You have to you have to break the bad news
Speaker 4: to us about the stocks that are following today. But
Speaker 4: good day for Armhold.
Speaker 1: Oh yeah, it'll be fine.
Speaker 3: You're two side Stanford Trade. There's a couple of stocks
Speaker 3: to the down side.
Speaker 5: We did have a great Tom McKenzie sat down with
Speaker 5: the Armed CEO Rene Haas yesterday. I do encourage everybody
Speaker 5: to check it out if you missed that interview.
Speaker 3: I'm looking for some decliners for you.
Speaker 1: Oh I have decliners. Come on, I come. I'm not
Speaker 1: going to give them a very frustrating market right now.
Speaker 1: Everything okay, We're just want to make sure you're okay.
Speaker 3: All right, Alex, thank you so much.
Speaker 4: Thank you, guys.
Speaker 3: You bet Alex Simon versus Boomberg News Equities Reporter for
Speaker 3: more conversations. Stockmovers Podcast five minute episodes Big Winners, Big
Speaker 3: Losers in the Stock Market. You can find it on Apple, Spotify,
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