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 Mover's 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 00:00:17,000 --> 00:00:19,280 Speaker 3: Let's take a look at some stocks on the move today. 5 00:00:19,280 --> 00:00:22,239 Speaker 3: I'm Nathan Hager, joined by Bloomberg's Kritty Goupda on a 6 00:00:22,280 --> 00:00:24,360 Speaker 3: morning where it looks like the tech led sell off 7 00:00:24,680 --> 00:00:28,760 Speaker 3: is going to continue, and Applied Materials in focus as 8 00:00:28,800 --> 00:00:29,600 Speaker 3: part of that story. 9 00:00:29,680 --> 00:00:31,760 Speaker 1: Critty, good morning, Good morning, Nathan. 10 00:00:32,000 --> 00:00:34,440 Speaker 4: It's the mover that's kind of having a ripple effect 11 00:00:34,479 --> 00:00:36,160 Speaker 4: that's bigger than I think a lot of people would 12 00:00:36,159 --> 00:00:40,159 Speaker 4: expect it. Amat is your tigger this morning for applied materials, 13 00:00:40,200 --> 00:00:43,120 Speaker 4: of course, the chip equipment maker that feeds into the 14 00:00:43,120 --> 00:00:45,360 Speaker 4: supply chains for a lot of these chip stocks that 15 00:00:45,400 --> 00:00:47,440 Speaker 4: have been, you know, just rallying quite a bit. So 16 00:00:47,479 --> 00:00:49,640 Speaker 4: it's a really great take on how the industry is 17 00:00:49,640 --> 00:00:52,040 Speaker 4: doing and whether it actually has some momentum. Well, they 18 00:00:52,040 --> 00:00:54,440 Speaker 4: came out with their earnings after the bell yesterday and 19 00:00:54,480 --> 00:00:57,000 Speaker 4: they said their last quarter was not so hot, and 20 00:00:57,040 --> 00:00:59,520 Speaker 4: they're saying this quarter will not be so hot. So 21 00:00:59,560 --> 00:01:02,400 Speaker 4: a lot of those expectations around the chip sector really 22 00:01:02,560 --> 00:01:06,240 Speaker 4: thrown kind of under under some cold water because of 23 00:01:06,240 --> 00:01:10,080 Speaker 4: their comments. They're blaming the trade restrictions with China for 24 00:01:10,160 --> 00:01:12,160 Speaker 4: a good chunk of that, basically saying that's weighing on 25 00:01:12,240 --> 00:01:15,200 Speaker 4: chip demand and therefore on chip equipment as well. They're 26 00:01:15,200 --> 00:01:17,039 Speaker 4: also talking about kind of the market being a little 27 00:01:17,080 --> 00:01:21,440 Speaker 4: oversupplied as well. Nevertheless, their sales are dropping. They're seeing 28 00:01:21,480 --> 00:01:24,240 Speaker 4: there's a rebound next year come twenty twenty six, but 29 00:01:24,280 --> 00:01:26,000 Speaker 4: the market is looking at this and does not believe 30 00:01:26,040 --> 00:01:28,440 Speaker 4: it those years. Down about six percent this morning, trading 31 00:01:28,680 --> 00:01:31,160 Speaker 4: at about two hundred dollars two hundred and ten dollars 32 00:01:31,160 --> 00:01:33,920 Speaker 4: excuse me and change. But the ripple effect I think 33 00:01:34,000 --> 00:01:35,800 Speaker 4: is really interesting here because you are seeing it show 34 00:01:35,880 --> 00:01:38,600 Speaker 4: up in all the tech companies plus all the semi 35 00:01:39,000 --> 00:01:42,839 Speaker 4: companies as well. So I'm seeing LAMB Research, AMD and Nvidia, Intel, 36 00:01:43,040 --> 00:01:44,640 Speaker 4: even Pallenteer, maybe a little bit. 37 00:01:44,520 --> 00:01:45,400 Speaker 1: Of Tesla in there. 38 00:01:45,760 --> 00:01:47,600 Speaker 4: You name it, if it's a tech or a chip 39 00:01:47,600 --> 00:01:49,240 Speaker 4: stock or somewhere in that universe. 40 00:01:49,520 --> 00:01:52,120 Speaker 1: It's down by circa two to three percent this morning. 41 00:01:52,120 --> 00:01:56,440 Speaker 4: I think that's a pretty significant tone setter from applied materials. 42 00:01:56,640 --> 00:01:59,720 Speaker 4: It's also your biggest mover to the downside that being said, 43 00:01:59,760 --> 00:02:01,920 Speaker 4: I think we talk about the fun stuff, which is 44 00:02:02,520 --> 00:02:03,920 Speaker 4: M and A Friday if we can. 45 00:02:04,120 --> 00:02:07,560 Speaker 1: I guess like it doesn't it very exciting. 46 00:02:07,600 --> 00:02:09,920 Speaker 4: I feel like now every stock hit is really just 47 00:02:09,960 --> 00:02:12,359 Speaker 4: a what deals are happening kind of hit. 48 00:02:13,520 --> 00:02:15,000 Speaker 1: The biggest mover to the upside. 49 00:02:15,160 --> 00:02:17,240 Speaker 4: We'll give a little bit of a boost here comes 50 00:02:17,280 --> 00:02:19,480 Speaker 4: from Warner Brothers Discovery in the S and P five 51 00:02:19,560 --> 00:02:22,880 Speaker 4: hundred WBD is your ticker. Shares trading just under twenty 52 00:02:22,880 --> 00:02:25,680 Speaker 4: three dollars a share hired by almost three percent this morning. 53 00:02:25,720 --> 00:02:27,320 Speaker 4: This is all in the M and A space. There 54 00:02:27,400 --> 00:02:29,600 Speaker 4: is now reports from the Wall Street Journal as of 55 00:02:29,960 --> 00:02:34,800 Speaker 4: after the bell last night that Paramount, Comcast and Netflix. 56 00:02:34,280 --> 00:02:36,200 Speaker 1: Are bidding for Warner Brothers. 57 00:02:36,200 --> 00:02:38,959 Speaker 4: There's also some news out there that the CEO has 58 00:02:39,000 --> 00:02:42,800 Speaker 4: their contract amended David Saslov to protect the pay that 59 00:02:42,880 --> 00:02:45,040 Speaker 4: he has in the case of a sale. The deadline 60 00:02:45,080 --> 00:02:48,240 Speaker 4: is about November twentieth, or about six days away. So 61 00:02:48,600 --> 00:02:51,799 Speaker 4: seeing some like real believability that Warner Brothers Discovery will 62 00:02:51,840 --> 00:02:54,200 Speaker 4: have a new owner come the new year. 63 00:02:54,200 --> 00:02:58,239 Speaker 1: At least that's the expectation this point. I mean that's 64 00:02:58,240 --> 00:02:58,960 Speaker 1: for speculation. 65 00:03:00,120 --> 00:03:05,560 Speaker 4: Cocktail WBD hire by three percent, trading at about twenty 66 00:03:05,600 --> 00:03:08,000 Speaker 4: three dollars a share. There's also some other deals in 67 00:03:08,040 --> 00:03:12,680 Speaker 4: the space coming out. Merk is officially buying Sidera Therapeutics, 68 00:03:12,680 --> 00:03:14,760 Speaker 4: so you're seeing mark shares slightly lower in the pre market, 69 00:03:14,800 --> 00:03:18,320 Speaker 4: down eight tons of one percent. MRK is your checker 70 00:03:18,440 --> 00:03:22,239 Speaker 4: trading just shy of ninety three dollars a sharre and 71 00:03:22,240 --> 00:03:25,040 Speaker 4: I'm just going to quickly get your Sidra Therapeutics read 72 00:03:25,080 --> 00:03:27,600 Speaker 4: as well. But I'm told that you are seeing a 73 00:03:27,639 --> 00:03:28,520 Speaker 4: pretty decent move. 74 00:03:28,639 --> 00:03:32,560 Speaker 3: There's one hundred four percent higher on my screen for 75 00:03:32,720 --> 00:03:35,960 Speaker 3: Sidera on that news of Merk making it official with 76 00:03:36,000 --> 00:03:36,520 Speaker 3: the buy out. 77 00:03:36,560 --> 00:03:41,600 Speaker 2: There this stock Movers report from Bloomberg Radio. Check back 78 00:03:41,600 --> 00:03:43,840 Speaker 2: with us throughout the day for the latest roundup of 79 00:03:43,880 --> 00:03:47,120 Speaker 2: companies making news on Wall Street and for the latest 80 00:03:47,200 --> 00:03:51,400 Speaker 2: market moving headlines. Listen to Bloomberg Radio Live, catch us 81 00:03:51,440 --> 00:03:55,160 Speaker 2: on YouTube, Bloomberg dot com, and on Applecarplay and Android 82 00:03:55,200 --> 00:03:57,200 Speaker 2: Auto with the Bloomberg Business app.