Speaker 1: Bloomberg Audio Studios, podcasts, radio news.
Speaker 2: This is the closing bell on the stock movers report
Speaker 2: the company's making moves at the close of US trading
Speaker 2: with Carol Masser, Tim Stenovak, Romain Bostik, and Scarlet Food.
Speaker 3: All right, let's get to some of the individual gainers,
Speaker 3: and I gotta say it's not names that I necessarily
Speaker 3: talk about a lot. Fair Isaac, all right, just before
Speaker 3: you judge, listen up, Fair Isaac. You know the ticker
Speaker 3: Fiico Fiico, That one up as much as thirty two
Speaker 3: percent in today's session, finishing with a gain of just
Speaker 3: shy of eighteen percent, This surging number one gainer in
Speaker 3: the S and P five hundred after saying it will
Speaker 3: now sell credit scores directly to mortgage resellers. So it's
Speaker 3: a move that's sent shares a third party credit bureaus
Speaker 3: Equifax and TransUnion plunging. So some changes there in that
Speaker 3: dynamic and selling of credit scores. Here's another one. We
Speaker 3: don't talk about a lot, guys, but it caught my attention.
Speaker 3: It has to do with Microsoft's deal with the neo
Speaker 3: cloud company Nebuus Group ENV. It's going to provide computing
Speaker 3: power to internal teams, creating large language models, and a
Speaker 3: consumer AI assistant. According to folks familiar. So the arrangement,
Speaker 3: which is worth about nineteen point four billion dollars, sparked
Speaker 3: a rally and Nebuus shares again take our NBIS. We
Speaker 3: don't talk about a lot, up just about nine percent
Speaker 3: in today's session. This deal apparently outlined in early September,
Speaker 3: but the announcement there wasn't a lot of the specifics
Speaker 3: on it. When it was announced, though, the shares in
Speaker 3: the US the ADRs jumped about fifty percent on September ninth.
Speaker 1: So yeah, yeah, I know, I'm and to the story.
Speaker 1: I mean a good, good one, Carol.
Speaker 3: Those drs are up three hundred and thirty five percent.
Speaker 1: Well, it gets to this idea, sort of of the
Speaker 1: idea of what options these companies have. And we had
Speaker 1: the Core Week CEO on last week, and there was
Speaker 1: this whole idea that they were kind of, to a
Speaker 1: certain extent, the only game in town. Obviously, we know
Speaker 1: there are other companies, including Nebbus and a couple others,
Speaker 1: but not a whole lot to go around, particularly when
Speaker 1: you take into account just how much capacity a company
Speaker 1: like Microsoft or meta or alphabet needs right.
Speaker 3: So they're searching right. Hence these neocloud companies certainly stepping up.
Speaker 3: Hey one more two. I think I mentioned it yesterday.
Speaker 3: Ast Space Mobile. This one has been on a tear
Speaker 3: rallying in the last couple of days, up another sixteen
Speaker 3: percent today after gaining sixteen percent.
Speaker 1: Did you guys interview the CEO earlier the president?
Speaker 3: Actually, it's really kind of fascinating. This is you know,
Speaker 3: you think about satellites up in the air, and you
Speaker 3: think about Elon Musk, and you think about SpaceX, but
Speaker 3: there are other players, including Amazon and AST Space Mobile,
Speaker 3: and this is a company that has been kicking up
Speaker 3: satellites into the air kind of low orbit. But it's
Speaker 3: also all about really reaching kind of the cellular space.
Speaker 3: And this one has just been on a tear.
Speaker 4: Yeah, they're partnering with AT and T and Verizon or
Speaker 4: a SpaceX is Starlink has partnered with T Mobile. And
Speaker 4: he was telling us that the signal can actually get
Speaker 4: through one wall if you're in a building somewhere, it
Speaker 4: can get through one wall. So it's it's not going
Speaker 4: to get in like a cell phone can, but better
Speaker 4: than you know, if you have a garment or something
Speaker 4: in your inside, it doesn't necessarily work, so sort of
Speaker 4: better technology.
Speaker 3: This is another operformer this year. It's up about two
Speaker 3: hundred percent year to date. Right now, though twenty percent
Speaker 3: of the float is short.
Speaker 4: Well, let's talk about some decliners. I want to talk
Speaker 4: about the biggest decliner on a points basis in the
Speaker 4: S and P five hundred, that would be Tesla, down
Speaker 4: five point one percent. Interestingly enough, shares we're up as
Speaker 4: much as two point five percent earlier in the session,
Speaker 4: then turned to lower. The company did report a surprise
Speaker 4: record quarter of vehicle sales this as US consumers accelerated
Speaker 4: EV purchases before those federal tax credits expired. Still, though,
Speaker 4: analysts are concerned about what things look like moving forward.
Speaker 4: Garrett Nelson over at CFRA said, looking forward, we still
Speaker 4: think there are major questions regarding the earnings impact of
Speaker 4: legislative changes on the tradeable emissions credit market and EV
Speaker 4: demand and an unsubsidized US market. Shares down five point
Speaker 4: one percent today. The second worst performer on a percentage
Speaker 4: basis in the S and P five hundred that goes
Speaker 4: to Occidental Petroleum shares more than seven percent today. After
Speaker 4: the company agreed to sell its Oxycam petrochemical unit to
Speaker 4: Berkshire Hathaway for about nine point seven billion dollars in cash.
Speaker 4: Analysts did note that the sales below the ten billion
Speaker 4: dollars that they had been expecting. Also, Vicki hull Up,
Speaker 4: the company's CEO, came out and said that the focus
Speaker 4: is now on organic growth. After using about six and
Speaker 4: a half billion dollar of the proceeds from the sale
Speaker 4: to reduce principal debt at the company once again. Oxy
Speaker 4: shares down seven point three percent, and finally Equifax off
Speaker 4: of what Carol was saying. Equifax down eight and a
Speaker 4: half percent. It is the worst performer in the S
Speaker 4: and P five hundred Today, shares of credit reporting companies,
Speaker 4: including Aquafax plunged after fair ISAAC announced this new program
Speaker 4: that gives mortgage lenders the option to calculate and distribute
Speaker 4: fycoscores directly to customers. It's a major shift in how
Speaker 4: fycoscores are delivered in the mortgage industry.
Speaker 1: Well, let's take a quick look at yield a mixed
Speaker 1: day here. You did see the longer end of the curve.
Speaker 1: Continue to see yields move lower for the third day
Speaker 1: a day of this week. Meanwhile, on the shorter end you'
Speaker 1: it'd see a slight upticking yields. But we should just
Speaker 1: point out one of the fallouts of the government shutdown
Speaker 1: is because of that lack of data, volume in the
Speaker 1: treasury market is incredibly light. Of course, remember volume typically
Speaker 1: spikes around some of those big government data releases, and
Speaker 1: of course not getting the weekly jobless claims today and
Speaker 1: of course not getting the monthly jobless unemployment numbers tomorrow here,
Speaker 1: So just take some of the price action with a
Speaker 1: bit of grain of assault.
Speaker 2: This stock movers report from Bloomberg Radio. Check back with
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