Speaker 1: Bloomberg Audio Studios, podcasts, radio news.
Speaker 2: The Stock Mover's Report, your roundup of companies making moves
Speaker 2: in the stock market, harnessing the power of Bloomberg Data.
Speaker 3: Let's take a look at some stocks on the move today.
Speaker 3: I'm Nathan Hager, joined by Bloomberg's Kritty Goupda on a
Speaker 3: morning where it looks like the tech led sell off
Speaker 3: is going to continue, and Applied Materials in focus as
Speaker 3: part of that story.
Speaker 1: Critty, good morning, Good morning, Nathan.
Speaker 4: It's the mover that's kind of having a ripple effect
Speaker 4: that's bigger than I think a lot of people would
Speaker 4: expect it. Amat is your tigger this morning for applied materials,
Speaker 4: of course, the chip equipment maker that feeds into the
Speaker 4: supply chains for a lot of these chip stocks that
Speaker 4: have been, you know, just rallying quite a bit. So
Speaker 4: it's a really great take on how the industry is
Speaker 4: doing and whether it actually has some momentum. Well, they
Speaker 4: came out with their earnings after the bell yesterday and
Speaker 4: they said their last quarter was not so hot, and
Speaker 4: they're saying this quarter will not be so hot. So
Speaker 4: a lot of those expectations around the chip sector really
Speaker 4: thrown kind of under under some cold water because of
Speaker 4: their comments. They're blaming the trade restrictions with China for
Speaker 4: a good chunk of that, basically saying that's weighing on
Speaker 4: chip demand and therefore on chip equipment as well. They're
Speaker 4: also talking about kind of the market being a little
Speaker 4: oversupplied as well. Nevertheless, their sales are dropping. They're seeing
Speaker 4: there's a rebound next year come twenty twenty six, but
Speaker 4: the market is looking at this and does not believe
Speaker 4: it those years. Down about six percent this morning, trading
Speaker 4: at about two hundred dollars two hundred and ten dollars
Speaker 4: excuse me and change. But the ripple effect I think
Speaker 4: is really interesting here because you are seeing it show
Speaker 4: up in all the tech companies plus all the semi
Speaker 4: companies as well. So I'm seeing LAMB Research, AMD and Nvidia, Intel,
Speaker 4: even Pallenteer, maybe a little bit.
Speaker 1: Of Tesla in there.
Speaker 4: You name it, if it's a tech or a chip
Speaker 4: stock or somewhere in that universe.
Speaker 1: It's down by circa two to three percent this morning.
Speaker 4: I think that's a pretty significant tone setter from applied materials.
Speaker 4: It's also your biggest mover to the downside that being said,
Speaker 4: I think we talk about the fun stuff, which is
Speaker 4: M and A Friday if we can.
Speaker 1: I guess like it doesn't it very exciting.
Speaker 4: I feel like now every stock hit is really just
Speaker 4: a what deals are happening kind of hit.
Speaker 1: The biggest mover to the upside.
Speaker 4: We'll give a little bit of a boost here comes
Speaker 4: from Warner Brothers Discovery in the S and P five
Speaker 4: hundred WBD is your ticker. Shares trading just under twenty
Speaker 4: three dollars a share hired by almost three percent this morning.
Speaker 4: This is all in the M and A space. There
Speaker 4: is now reports from the Wall Street Journal as of
Speaker 4: after the bell last night that Paramount, Comcast and Netflix.
Speaker 1: Are bidding for Warner Brothers.
Speaker 4: There's also some news out there that the CEO has
Speaker 4: their contract amended David Saslov to protect the pay that
Speaker 4: he has in the case of a sale. The deadline
Speaker 4: is about November twentieth, or about six days away. So
Speaker 4: seeing some like real believability that Warner Brothers Discovery will
Speaker 4: have a new owner come the new year.
Speaker 1: At least that's the expectation this point. I mean that's
Speaker 1: for speculation.
Speaker 4: Cocktail WBD hire by three percent, trading at about twenty
Speaker 4: three dollars a share. There's also some other deals in
Speaker 4: the space coming out. Merk is officially buying Sidera Therapeutics,
Speaker 4: so you're seeing mark shares slightly lower in the pre market,
Speaker 4: down eight tons of one percent. MRK is your checker
Speaker 4: trading just shy of ninety three dollars a sharre and
Speaker 4: I'm just going to quickly get your Sidra Therapeutics read
Speaker 4: as well. But I'm told that you are seeing a
Speaker 4: pretty decent move.
Speaker 3: There's one hundred four percent higher on my screen for
Speaker 3: Sidera on that news of Merk making it official with
Speaker 3: the buy out.
Speaker 2: There this stock Movers report from Bloomberg Radio. Check back
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Speaker 2: companies making news on Wall Street and for the latest
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