1 00:00:02,520 --> 00:00:09,040 Speaker 1: Bloomberg Audio Studios podcasts, radio news, The. 2 00:00:08,880 --> 00:00:13,160 Speaker 2: Stock Movers podcast, your roundup of companies making moves in 3 00:00:13,200 --> 00:00:16,480 Speaker 2: the stock market, harnessing the power of Bloomberg Data. 4 00:00:17,720 --> 00:00:21,080 Speaker 3: Let's see what's happening with stocks on the move today 5 00:00:21,120 --> 00:00:23,280 Speaker 3: on Paul Sweeney alongside Lisa Mittel, and we're joined by 6 00:00:23,280 --> 00:00:25,520 Speaker 3: Bloomberg Christine. You know, Christine, what are you looking at 7 00:00:25,520 --> 00:00:25,920 Speaker 3: here today? 8 00:00:26,079 --> 00:00:27,920 Speaker 1: Well, Paul, let's take a look at one stock that's 9 00:00:27,920 --> 00:00:31,120 Speaker 1: definitely in the green this morning. That is AMD tick 10 00:00:31,120 --> 00:00:33,280 Speaker 1: her AMD shares of just over six and a half 11 00:00:33,280 --> 00:00:37,040 Speaker 1: percent at the moment, and earlier we saw those shares 12 00:00:37,120 --> 00:00:40,840 Speaker 1: hitting the highest level since October. So again AMD benefiting 13 00:00:40,840 --> 00:00:46,599 Speaker 1: alongside Nvidia from this development in US regulation. So the 14 00:00:46,600 --> 00:00:49,200 Speaker 1: company is saying that it plans to research shipments of 15 00:00:49,280 --> 00:00:51,600 Speaker 1: its Mi I three to oh eight chips to China 16 00:00:52,000 --> 00:00:54,360 Speaker 1: after the US said that it would approve the sales. 17 00:00:54,400 --> 00:00:57,639 Speaker 1: So earlier I mentioned that in Vidia enjoying a similar 18 00:00:57,880 --> 00:01:00,800 Speaker 1: move in You know, Andy, they said in April that 19 00:01:00,920 --> 00:01:04,559 Speaker 1: these export restrictions would cost a company about eight hundred 20 00:01:04,640 --> 00:01:07,600 Speaker 1: million dollars, And so now that that's off the table, 21 00:01:07,760 --> 00:01:10,880 Speaker 1: that's definitely some money back into the AMD coffers and 22 00:01:10,959 --> 00:01:14,160 Speaker 1: shares reflecting that today, well a stock that's trunding lower 23 00:01:14,240 --> 00:01:17,240 Speaker 1: up Blackrock. Their share is actually down about six percent 24 00:01:17,360 --> 00:01:20,040 Speaker 1: on what's going on there. Yeah, absolutely, Lisa's a ticker 25 00:01:20,240 --> 00:01:22,800 Speaker 1: b LK not having a great day to day. Those 26 00:01:22,800 --> 00:01:25,520 Speaker 1: shares also down by the most since April. And so 27 00:01:25,760 --> 00:01:29,360 Speaker 1: we did see Blackrock reporting earlier this morning second quarter results. 28 00:01:29,840 --> 00:01:32,800 Speaker 1: They said that they took in ninety four million dollars 29 00:01:32,800 --> 00:01:35,680 Speaker 1: of performance fees for a second quarter, which is far short, 30 00:01:35,840 --> 00:01:38,120 Speaker 1: far short or a billion, I should say, it was 31 00:01:38,280 --> 00:01:42,319 Speaker 1: far short of the one hundred and fourteen million average 32 00:01:42,400 --> 00:01:46,680 Speaker 1: estimate for the Bloomberg consensus. And then we also saw 33 00:01:46,720 --> 00:01:49,920 Speaker 1: a revenue of five point four billion dollars from a 34 00:01:50,000 --> 00:01:53,080 Speaker 1: year ago, also short of analyst estimates, and so several 35 00:01:53,320 --> 00:01:57,800 Speaker 1: key metrics for Blackrock missing those estimates. And Paul, you 36 00:01:57,840 --> 00:02:00,720 Speaker 1: mentioned though that they still have a occurred a twelve 37 00:02:00,800 --> 00:02:04,080 Speaker 1: point five trillion worth of assets, and you know, I 38 00:02:04,080 --> 00:02:07,160 Speaker 1: think some analysts are saying that some of the top 39 00:02:07,200 --> 00:02:10,200 Speaker 1: line news from those results not landing well with investors, 40 00:02:10,240 --> 00:02:16,040 Speaker 1: but longer term growth looking good because of that massed 41 00:02:16,840 --> 00:02:19,079 Speaker 1: amount of assets that they have under man One more, 42 00:02:19,320 --> 00:02:21,880 Speaker 1: one more let's like, look at Uber took her Uber 43 00:02:22,040 --> 00:02:24,360 Speaker 1: shares down just eight tens of one percent at the moment, 44 00:02:24,440 --> 00:02:27,040 Speaker 1: but that is a five day losing streak today, the 45 00:02:27,120 --> 00:02:31,119 Speaker 1: longest since June. We have some news earlier saying that 46 00:02:31,400 --> 00:02:34,600 Speaker 1: Uber and Bid are apparently planning to launch robotaxis and 47 00:02:34,639 --> 00:02:38,160 Speaker 1: several markets outside of the US and in mainland China. 48 00:02:38,280 --> 00:02:41,080 Speaker 1: So by do autonomous vehicles will be available on the 49 00:02:41,160 --> 00:02:43,600 Speaker 1: Uber app in Asia and the Middle East later this year, 50 00:02:43,720 --> 00:02:47,560 Speaker 1: and then future rollouts will also include Europe and Oceanya. 51 00:02:47,760 --> 00:02:50,480 Speaker 1: But you know, that's not particularly doing well for the 52 00:02:50,520 --> 00:02:53,240 Speaker 1: stock today. We do have Uber set to report on 53 00:02:53,400 --> 00:02:56,480 Speaker 1: the sixth of August, and Bluebery Intelligence saying that their 54 00:02:57,120 --> 00:03:00,720 Speaker 1: expansion into grocery delivery could help those So we'll see 55 00:03:00,960 --> 00:03:03,079 Speaker 1: sixth of August is when they're set to report. 56 00:03:03,120 --> 00:03:06,680 Speaker 3: There an Uber of fifty three percent this year, So 57 00:03:06,760 --> 00:03:09,080 Speaker 3: the market likes kind of what they're doing there. So 58 00:03:09,520 --> 00:03:11,400 Speaker 3: all right, all right, I'll ask you Christine and Lisa, 59 00:03:11,840 --> 00:03:13,840 Speaker 3: you arbitrage between the two and you're going for a 60 00:03:13,919 --> 00:03:15,920 Speaker 3: ride held, do you pull up the lift app and 61 00:03:16,000 --> 00:03:17,400 Speaker 3: the Uber wrap and get the better price? 62 00:03:18,000 --> 00:03:18,360 Speaker 1: Oh? 63 00:03:18,400 --> 00:03:18,920 Speaker 2: Good question. 64 00:03:18,960 --> 00:03:21,760 Speaker 1: I mean my default is lyft I'm more of a 65 00:03:21,840 --> 00:03:23,880 Speaker 1: lift customer, you know, I mean, I Uber, I don't 66 00:03:23,919 --> 00:03:24,280 Speaker 1: even have. 67 00:03:24,240 --> 00:03:29,320 Speaker 3: The I meane is unbelieve what could be like twenty percent? 68 00:03:30,639 --> 00:03:34,760 Speaker 2: The Stock Movers podcast from Bloomberg Radio. 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