1 00:00:02,520 --> 00:00:09,800 Speaker 1: Bloomberg Audio Studios, podcasts, radio news. 2 00:00:09,880 --> 00:00:13,320 Speaker 2: This is the closing bell on the stock movers report 3 00:00:13,560 --> 00:00:16,520 Speaker 2: the company's making moves at the close of US trading 4 00:00:16,760 --> 00:00:21,319 Speaker 2: with Carol Masser, Tim Stenovak, Romain Bostik, and Scarlet Food. 5 00:00:22,040 --> 00:00:24,079 Speaker 3: All right, let's get to some of the individual gainers, 6 00:00:24,079 --> 00:00:26,400 Speaker 3: and I gotta say it's not names that I necessarily 7 00:00:26,440 --> 00:00:29,800 Speaker 3: talk about a lot. Fair Isaac, all right, just before 8 00:00:29,840 --> 00:00:33,560 Speaker 3: you judge, listen up, Fair Isaac. You know the ticker 9 00:00:33,600 --> 00:00:36,599 Speaker 3: Fiico Fiico, That one up as much as thirty two 10 00:00:36,640 --> 00:00:38,879 Speaker 3: percent in today's session, finishing with a gain of just 11 00:00:38,880 --> 00:00:44,159 Speaker 3: shy of eighteen percent, This surging number one gainer in 12 00:00:44,159 --> 00:00:45,919 Speaker 3: the S and P five hundred after saying it will 13 00:00:45,960 --> 00:00:49,320 Speaker 3: now sell credit scores directly to mortgage resellers. So it's 14 00:00:49,360 --> 00:00:52,320 Speaker 3: a move that's sent shares a third party credit bureaus 15 00:00:52,360 --> 00:00:56,279 Speaker 3: Equifax and TransUnion plunging. So some changes there in that 16 00:00:56,400 --> 00:01:00,080 Speaker 3: dynamic and selling of credit scores. Here's another one. We 17 00:01:00,120 --> 00:01:02,560 Speaker 3: don't talk about a lot, guys, but it caught my attention. 18 00:01:02,640 --> 00:01:05,160 Speaker 3: It has to do with Microsoft's deal with the neo 19 00:01:05,240 --> 00:01:08,640 Speaker 3: cloud company Nebuus Group ENV. It's going to provide computing 20 00:01:08,720 --> 00:01:12,039 Speaker 3: power to internal teams, creating large language models, and a 21 00:01:12,040 --> 00:01:15,360 Speaker 3: consumer AI assistant. According to folks familiar. So the arrangement, 22 00:01:15,400 --> 00:01:18,360 Speaker 3: which is worth about nineteen point four billion dollars, sparked 23 00:01:18,360 --> 00:01:21,880 Speaker 3: a rally and Nebuus shares again take our NBIS. We 24 00:01:21,880 --> 00:01:24,319 Speaker 3: don't talk about a lot, up just about nine percent 25 00:01:24,319 --> 00:01:30,440 Speaker 3: in today's session. This deal apparently outlined in early September, 26 00:01:30,920 --> 00:01:33,199 Speaker 3: but the announcement there wasn't a lot of the specifics 27 00:01:33,200 --> 00:01:35,600 Speaker 3: on it. When it was announced, though, the shares in 28 00:01:35,600 --> 00:01:39,040 Speaker 3: the US the ADRs jumped about fifty percent on September ninth. 29 00:01:39,120 --> 00:01:42,120 Speaker 1: So yeah, yeah, I know, I'm and to the story. 30 00:01:42,160 --> 00:01:43,640 Speaker 1: I mean a good, good one, Carol. 31 00:01:43,880 --> 00:01:46,399 Speaker 3: Those drs are up three hundred and thirty five percent. 32 00:01:46,480 --> 00:01:48,360 Speaker 1: Well, it gets to this idea, sort of of the 33 00:01:48,400 --> 00:01:51,000 Speaker 1: idea of what options these companies have. And we had 34 00:01:51,000 --> 00:01:53,360 Speaker 1: the Core Week CEO on last week, and there was 35 00:01:53,400 --> 00:01:55,200 Speaker 1: this whole idea that they were kind of, to a 36 00:01:55,200 --> 00:01:57,520 Speaker 1: certain extent, the only game in town. Obviously, we know 37 00:01:57,560 --> 00:02:00,080 Speaker 1: there are other companies, including Nebbus and a couple others, 38 00:02:00,120 --> 00:02:02,120 Speaker 1: but not a whole lot to go around, particularly when 39 00:02:02,120 --> 00:02:05,840 Speaker 1: you take into account just how much capacity a company 40 00:02:05,920 --> 00:02:08,720 Speaker 1: like Microsoft or meta or alphabet needs right. 41 00:02:08,560 --> 00:02:11,720 Speaker 3: So they're searching right. Hence these neocloud companies certainly stepping up. 42 00:02:11,840 --> 00:02:14,160 Speaker 3: Hey one more two. I think I mentioned it yesterday. 43 00:02:14,240 --> 00:02:17,960 Speaker 3: Ast Space Mobile. This one has been on a tear 44 00:02:18,520 --> 00:02:21,000 Speaker 3: rallying in the last couple of days, up another sixteen 45 00:02:21,040 --> 00:02:23,200 Speaker 3: percent today after gaining sixteen percent. 46 00:02:23,240 --> 00:02:25,560 Speaker 1: Did you guys interview the CEO earlier the president? 47 00:02:25,639 --> 00:02:28,519 Speaker 3: Actually, it's really kind of fascinating. This is you know, 48 00:02:28,720 --> 00:02:30,920 Speaker 3: you think about satellites up in the air, and you 49 00:02:30,960 --> 00:02:33,200 Speaker 3: think about Elon Musk, and you think about SpaceX, but 50 00:02:33,240 --> 00:02:37,320 Speaker 3: there are other players, including Amazon and AST Space Mobile, 51 00:02:37,400 --> 00:02:39,640 Speaker 3: and this is a company that has been kicking up 52 00:02:39,720 --> 00:02:42,560 Speaker 3: satellites into the air kind of low orbit. But it's 53 00:02:42,600 --> 00:02:46,040 Speaker 3: also all about really reaching kind of the cellular space. 54 00:02:46,200 --> 00:02:48,120 Speaker 3: And this one has just been on a tear. 55 00:02:48,200 --> 00:02:50,600 Speaker 4: Yeah, they're partnering with AT and T and Verizon or 56 00:02:50,600 --> 00:02:54,600 Speaker 4: a SpaceX is Starlink has partnered with T Mobile. And 57 00:02:54,800 --> 00:02:57,320 Speaker 4: he was telling us that the signal can actually get 58 00:02:57,600 --> 00:03:01,320 Speaker 4: through one wall if you're in a building somewhere, it 59 00:03:01,360 --> 00:03:02,880 Speaker 4: can get through one wall. So it's it's not going 60 00:03:02,919 --> 00:03:05,000 Speaker 4: to get in like a cell phone can, but better 61 00:03:05,080 --> 00:03:06,440 Speaker 4: than you know, if you have a garment or something 62 00:03:06,480 --> 00:03:09,000 Speaker 4: in your inside, it doesn't necessarily work, so sort of 63 00:03:09,000 --> 00:03:09,720 Speaker 4: better technology. 64 00:03:09,760 --> 00:03:11,760 Speaker 3: This is another operformer this year. It's up about two 65 00:03:11,840 --> 00:03:13,800 Speaker 3: hundred percent year to date. Right now, though twenty percent 66 00:03:13,840 --> 00:03:14,720 Speaker 3: of the float is short. 67 00:03:14,800 --> 00:03:16,560 Speaker 4: Well, let's talk about some decliners. I want to talk 68 00:03:16,600 --> 00:03:18,760 Speaker 4: about the biggest decliner on a points basis in the 69 00:03:18,800 --> 00:03:20,760 Speaker 4: S and P five hundred, that would be Tesla, down 70 00:03:20,800 --> 00:03:23,680 Speaker 4: five point one percent. Interestingly enough, shares we're up as 71 00:03:23,720 --> 00:03:26,240 Speaker 4: much as two point five percent earlier in the session, 72 00:03:26,400 --> 00:03:29,080 Speaker 4: then turned to lower. The company did report a surprise 73 00:03:29,160 --> 00:03:32,880 Speaker 4: record quarter of vehicle sales this as US consumers accelerated 74 00:03:32,919 --> 00:03:37,080 Speaker 4: EV purchases before those federal tax credits expired. Still, though, 75 00:03:37,400 --> 00:03:40,040 Speaker 4: analysts are concerned about what things look like moving forward. 76 00:03:40,040 --> 00:03:43,040 Speaker 4: Garrett Nelson over at CFRA said, looking forward, we still 77 00:03:43,080 --> 00:03:45,520 Speaker 4: think there are major questions regarding the earnings impact of 78 00:03:45,640 --> 00:03:48,720 Speaker 4: legislative changes on the tradeable emissions credit market and EV 79 00:03:48,840 --> 00:03:52,320 Speaker 4: demand and an unsubsidized US market. Shares down five point 80 00:03:52,360 --> 00:03:55,800 Speaker 4: one percent today. The second worst performer on a percentage 81 00:03:55,800 --> 00:03:57,600 Speaker 4: basis in the S and P five hundred that goes 82 00:03:57,640 --> 00:04:02,520 Speaker 4: to Occidental Petroleum shares more than seven percent today. After 83 00:04:02,520 --> 00:04:05,280 Speaker 4: the company agreed to sell its Oxycam petrochemical unit to 84 00:04:05,320 --> 00:04:08,400 Speaker 4: Berkshire Hathaway for about nine point seven billion dollars in cash. 85 00:04:08,760 --> 00:04:11,080 Speaker 4: Analysts did note that the sales below the ten billion 86 00:04:11,120 --> 00:04:13,920 Speaker 4: dollars that they had been expecting. Also, Vicki hull Up, 87 00:04:13,920 --> 00:04:16,440 Speaker 4: the company's CEO, came out and said that the focus 88 00:04:16,440 --> 00:04:18,400 Speaker 4: is now on organic growth. After using about six and 89 00:04:18,440 --> 00:04:21,559 Speaker 4: a half billion dollar of the proceeds from the sale 90 00:04:21,600 --> 00:04:24,640 Speaker 4: to reduce principal debt at the company once again. Oxy 91 00:04:24,680 --> 00:04:29,039 Speaker 4: shares down seven point three percent, and finally Equifax off 92 00:04:29,080 --> 00:04:31,880 Speaker 4: of what Carol was saying. Equifax down eight and a 93 00:04:31,920 --> 00:04:33,640 Speaker 4: half percent. It is the worst performer in the S 94 00:04:33,680 --> 00:04:36,760 Speaker 4: and P five hundred Today, shares of credit reporting companies, 95 00:04:36,760 --> 00:04:40,799 Speaker 4: including Aquafax plunged after fair ISAAC announced this new program 96 00:04:40,839 --> 00:04:43,360 Speaker 4: that gives mortgage lenders the option to calculate and distribute 97 00:04:43,360 --> 00:04:46,720 Speaker 4: fycoscores directly to customers. It's a major shift in how 98 00:04:46,760 --> 00:04:49,440 Speaker 4: fycoscores are delivered in the mortgage industry. 99 00:04:49,760 --> 00:04:52,240 Speaker 1: Well, let's take a quick look at yield a mixed 100 00:04:52,279 --> 00:04:54,320 Speaker 1: day here. You did see the longer end of the curve. 101 00:04:54,360 --> 00:04:57,080 Speaker 1: Continue to see yields move lower for the third day 102 00:04:57,160 --> 00:04:59,920 Speaker 1: a day of this week. Meanwhile, on the shorter end you' 103 00:05:00,000 --> 00:05:02,159 Speaker 1: it'd see a slight upticking yields. But we should just 104 00:05:02,160 --> 00:05:04,760 Speaker 1: point out one of the fallouts of the government shutdown 105 00:05:04,880 --> 00:05:07,320 Speaker 1: is because of that lack of data, volume in the 106 00:05:07,320 --> 00:05:10,640 Speaker 1: treasury market is incredibly light. Of course, remember volume typically 107 00:05:10,680 --> 00:05:14,000 Speaker 1: spikes around some of those big government data releases, and 108 00:05:14,000 --> 00:05:16,120 Speaker 1: of course not getting the weekly jobless claims today and 109 00:05:16,120 --> 00:05:20,160 Speaker 1: of course not getting the monthly jobless unemployment numbers tomorrow here, 110 00:05:20,279 --> 00:05:23,159 Speaker 1: So just take some of the price action with a 111 00:05:23,160 --> 00:05:24,120 Speaker 1: bit of grain of assault. 112 00:05:25,120 --> 00:05:29,120 Speaker 2: This stock movers report from Bloomberg Radio. Check back with 113 00:05:29,200 --> 00:05:31,800 Speaker 2: us throughout the day for the latest roundup of companies 114 00:05:31,839 --> 00:05:34,960 Speaker 2: making news on Wall Street and for the latest market 115 00:05:35,000 --> 00:05:39,480 Speaker 2: moving headlines. 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