WEBVTT - Closing Bell: FICO Rallies, Tesla Slides, Occidental Falls

0:00:02.520 --> 0:00:09.800
<v Speaker 1>Bloomberg Audio Studios, podcasts, radio news.

0:00:09.880 --> 0:00:13.320
<v Speaker 2>This is the closing bell on the stock movers report

0:00:13.560 --> 0:00:16.520
<v Speaker 2>the company's making moves at the close of US trading

0:00:16.760 --> 0:00:21.319
<v Speaker 2>with Carol Masser, Tim Stenovak, Romain Bostik, and Scarlet Food.

0:00:22.040 --> 0:00:24.079
<v Speaker 3>All right, let's get to some of the individual gainers,

0:00:24.079 --> 0:00:26.400
<v Speaker 3>and I gotta say it's not names that I necessarily

0:00:26.440 --> 0:00:29.800
<v Speaker 3>talk about a lot. Fair Isaac, all right, just before

0:00:29.840 --> 0:00:33.560
<v Speaker 3>you judge, listen up, Fair Isaac. You know the ticker

0:00:33.600 --> 0:00:36.599
<v Speaker 3>Fiico Fiico, That one up as much as thirty two

0:00:36.640 --> 0:00:38.879
<v Speaker 3>percent in today's session, finishing with a gain of just

0:00:38.880 --> 0:00:44.159
<v Speaker 3>shy of eighteen percent, This surging number one gainer in

0:00:44.159 --> 0:00:45.919
<v Speaker 3>the S and P five hundred after saying it will

0:00:45.960 --> 0:00:49.320
<v Speaker 3>now sell credit scores directly to mortgage resellers. So it's

0:00:49.360 --> 0:00:52.320
<v Speaker 3>a move that's sent shares a third party credit bureaus

0:00:52.360 --> 0:00:56.279
<v Speaker 3>Equifax and TransUnion plunging. So some changes there in that

0:00:56.400 --> 0:01:00.080
<v Speaker 3>dynamic and selling of credit scores. Here's another one. We

0:01:00.120 --> 0:01:02.560
<v Speaker 3>don't talk about a lot, guys, but it caught my attention.

0:01:02.640 --> 0:01:05.160
<v Speaker 3>It has to do with Microsoft's deal with the neo

0:01:05.240 --> 0:01:08.640
<v Speaker 3>cloud company Nebuus Group ENV. It's going to provide computing

0:01:08.720 --> 0:01:12.039
<v Speaker 3>power to internal teams, creating large language models, and a

0:01:12.040 --> 0:01:15.360
<v Speaker 3>consumer AI assistant. According to folks familiar. So the arrangement,

0:01:15.400 --> 0:01:18.360
<v Speaker 3>which is worth about nineteen point four billion dollars, sparked

0:01:18.360 --> 0:01:21.880
<v Speaker 3>a rally and Nebuus shares again take our NBIS. We

0:01:21.880 --> 0:01:24.319
<v Speaker 3>don't talk about a lot, up just about nine percent

0:01:24.319 --> 0:01:30.440
<v Speaker 3>in today's session. This deal apparently outlined in early September,

0:01:30.920 --> 0:01:33.199
<v Speaker 3>but the announcement there wasn't a lot of the specifics

0:01:33.200 --> 0:01:35.600
<v Speaker 3>on it. When it was announced, though, the shares in

0:01:35.600 --> 0:01:39.040
<v Speaker 3>the US the ADRs jumped about fifty percent on September ninth.

0:01:39.120 --> 0:01:42.120
<v Speaker 1>So yeah, yeah, I know, I'm and to the story.

0:01:42.160 --> 0:01:43.640
<v Speaker 1>I mean a good, good one, Carol.

0:01:43.880 --> 0:01:46.399
<v Speaker 3>Those drs are up three hundred and thirty five percent.

0:01:46.480 --> 0:01:48.360
<v Speaker 1>Well, it gets to this idea, sort of of the

0:01:48.400 --> 0:01:51.000
<v Speaker 1>idea of what options these companies have. And we had

0:01:51.000 --> 0:01:53.360
<v Speaker 1>the Core Week CEO on last week, and there was

0:01:53.400 --> 0:01:55.200
<v Speaker 1>this whole idea that they were kind of, to a

0:01:55.200 --> 0:01:57.520
<v Speaker 1>certain extent, the only game in town. Obviously, we know

0:01:57.560 --> 0:02:00.080
<v Speaker 1>there are other companies, including Nebbus and a couple others,

0:02:00.120 --> 0:02:02.120
<v Speaker 1>but not a whole lot to go around, particularly when

0:02:02.120 --> 0:02:05.840
<v Speaker 1>you take into account just how much capacity a company

0:02:05.920 --> 0:02:08.720
<v Speaker 1>like Microsoft or meta or alphabet needs right.

0:02:08.560 --> 0:02:11.720
<v Speaker 3>So they're searching right. Hence these neocloud companies certainly stepping up.

0:02:11.840 --> 0:02:14.160
<v Speaker 3>Hey one more two. I think I mentioned it yesterday.

0:02:14.240 --> 0:02:17.960
<v Speaker 3>Ast Space Mobile. This one has been on a tear

0:02:18.520 --> 0:02:21.000
<v Speaker 3>rallying in the last couple of days, up another sixteen

0:02:21.040 --> 0:02:23.200
<v Speaker 3>percent today after gaining sixteen percent.

0:02:23.240 --> 0:02:25.560
<v Speaker 1>Did you guys interview the CEO earlier the president?

0:02:25.639 --> 0:02:28.519
<v Speaker 3>Actually, it's really kind of fascinating. This is you know,

0:02:28.720 --> 0:02:30.920
<v Speaker 3>you think about satellites up in the air, and you

0:02:30.960 --> 0:02:33.200
<v Speaker 3>think about Elon Musk, and you think about SpaceX, but

0:02:33.240 --> 0:02:37.320
<v Speaker 3>there are other players, including Amazon and AST Space Mobile,

0:02:37.400 --> 0:02:39.640
<v Speaker 3>and this is a company that has been kicking up

0:02:39.720 --> 0:02:42.560
<v Speaker 3>satellites into the air kind of low orbit. But it's

0:02:42.600 --> 0:02:46.040
<v Speaker 3>also all about really reaching kind of the cellular space.

0:02:46.200 --> 0:02:48.120
<v Speaker 3>And this one has just been on a tear.

0:02:48.200 --> 0:02:50.600
<v Speaker 4>Yeah, they're partnering with AT and T and Verizon or

0:02:50.600 --> 0:02:54.600
<v Speaker 4>a SpaceX is Starlink has partnered with T Mobile. And

0:02:54.800 --> 0:02:57.320
<v Speaker 4>he was telling us that the signal can actually get

0:02:57.600 --> 0:03:01.320
<v Speaker 4>through one wall if you're in a building somewhere, it

0:03:01.360 --> 0:03:02.880
<v Speaker 4>can get through one wall. So it's it's not going

0:03:02.919 --> 0:03:05.000
<v Speaker 4>to get in like a cell phone can, but better

0:03:05.080 --> 0:03:06.440
<v Speaker 4>than you know, if you have a garment or something

0:03:06.480 --> 0:03:09.000
<v Speaker 4>in your inside, it doesn't necessarily work, so sort of

0:03:09.000 --> 0:03:09.720
<v Speaker 4>better technology.

0:03:09.760 --> 0:03:11.760
<v Speaker 3>This is another operformer this year. It's up about two

0:03:11.840 --> 0:03:13.800
<v Speaker 3>hundred percent year to date. Right now, though twenty percent

0:03:13.840 --> 0:03:14.720
<v Speaker 3>of the float is short.

0:03:14.800 --> 0:03:16.560
<v Speaker 4>Well, let's talk about some decliners. I want to talk

0:03:16.600 --> 0:03:18.760
<v Speaker 4>about the biggest decliner on a points basis in the

0:03:18.800 --> 0:03:20.760
<v Speaker 4>S and P five hundred, that would be Tesla, down

0:03:20.800 --> 0:03:23.680
<v Speaker 4>five point one percent. Interestingly enough, shares we're up as

0:03:23.720 --> 0:03:26.240
<v Speaker 4>much as two point five percent earlier in the session,

0:03:26.400 --> 0:03:29.080
<v Speaker 4>then turned to lower. The company did report a surprise

0:03:29.160 --> 0:03:32.880
<v Speaker 4>record quarter of vehicle sales this as US consumers accelerated

0:03:32.919 --> 0:03:37.080
<v Speaker 4>EV purchases before those federal tax credits expired. Still, though,

0:03:37.400 --> 0:03:40.040
<v Speaker 4>analysts are concerned about what things look like moving forward.

0:03:40.040 --> 0:03:43.040
<v Speaker 4>Garrett Nelson over at CFRA said, looking forward, we still

0:03:43.080 --> 0:03:45.520
<v Speaker 4>think there are major questions regarding the earnings impact of

0:03:45.640 --> 0:03:48.720
<v Speaker 4>legislative changes on the tradeable emissions credit market and EV

0:03:48.840 --> 0:03:52.320
<v Speaker 4>demand and an unsubsidized US market. Shares down five point

0:03:52.360 --> 0:03:55.800
<v Speaker 4>one percent today. The second worst performer on a percentage

0:03:55.800 --> 0:03:57.600
<v Speaker 4>basis in the S and P five hundred that goes

0:03:57.640 --> 0:04:02.520
<v Speaker 4>to Occidental Petroleum shares more than seven percent today. After

0:04:02.520 --> 0:04:05.280
<v Speaker 4>the company agreed to sell its Oxycam petrochemical unit to

0:04:05.320 --> 0:04:08.400
<v Speaker 4>Berkshire Hathaway for about nine point seven billion dollars in cash.

0:04:08.760 --> 0:04:11.080
<v Speaker 4>Analysts did note that the sales below the ten billion

0:04:11.120 --> 0:04:13.920
<v Speaker 4>dollars that they had been expecting. Also, Vicki hull Up,

0:04:13.920 --> 0:04:16.440
<v Speaker 4>the company's CEO, came out and said that the focus

0:04:16.440 --> 0:04:18.400
<v Speaker 4>is now on organic growth. After using about six and

0:04:18.440 --> 0:04:21.559
<v Speaker 4>a half billion dollar of the proceeds from the sale

0:04:21.600 --> 0:04:24.640
<v Speaker 4>to reduce principal debt at the company once again. Oxy

0:04:24.680 --> 0:04:29.039
<v Speaker 4>shares down seven point three percent, and finally Equifax off

0:04:29.080 --> 0:04:31.880
<v Speaker 4>of what Carol was saying. Equifax down eight and a

0:04:31.920 --> 0:04:33.640
<v Speaker 4>half percent. It is the worst performer in the S

0:04:33.680 --> 0:04:36.760
<v Speaker 4>and P five hundred Today, shares of credit reporting companies,

0:04:36.760 --> 0:04:40.799
<v Speaker 4>including Aquafax plunged after fair ISAAC announced this new program

0:04:40.839 --> 0:04:43.360
<v Speaker 4>that gives mortgage lenders the option to calculate and distribute

0:04:43.360 --> 0:04:46.720
<v Speaker 4>fycoscores directly to customers. It's a major shift in how

0:04:46.760 --> 0:04:49.440
<v Speaker 4>fycoscores are delivered in the mortgage industry.

0:04:49.760 --> 0:04:52.240
<v Speaker 1>Well, let's take a quick look at yield a mixed

0:04:52.279 --> 0:04:54.320
<v Speaker 1>day here. You did see the longer end of the curve.

0:04:54.360 --> 0:04:57.080
<v Speaker 1>Continue to see yields move lower for the third day

0:04:57.160 --> 0:04:59.920
<v Speaker 1>a day of this week. Meanwhile, on the shorter end you'

0:05:00.000 --> 0:05:02.159
<v Speaker 1>it'd see a slight upticking yields. But we should just

0:05:02.160 --> 0:05:04.760
<v Speaker 1>point out one of the fallouts of the government shutdown

0:05:04.880 --> 0:05:07.320
<v Speaker 1>is because of that lack of data, volume in the

0:05:07.320 --> 0:05:10.640
<v Speaker 1>treasury market is incredibly light. Of course, remember volume typically

0:05:10.680 --> 0:05:14.000
<v Speaker 1>spikes around some of those big government data releases, and

0:05:14.000 --> 0:05:16.120
<v Speaker 1>of course not getting the weekly jobless claims today and

0:05:16.120 --> 0:05:20.160
<v Speaker 1>of course not getting the monthly jobless unemployment numbers tomorrow here,

0:05:20.279 --> 0:05:23.159
<v Speaker 1>So just take some of the price action with a

0:05:23.160 --> 0:05:24.120
<v Speaker 1>bit of grain of assault.

0:05:25.120 --> 0:05:29.120
<v Speaker 2>This stock movers report from Bloomberg Radio. Check back with

0:05:29.200 --> 0:05:31.800
<v Speaker 2>us throughout the day for the latest roundup of companies

0:05:31.839 --> 0:05:34.960
<v Speaker 2>making news on Wall Street and for the latest market

0:05:35.000 --> 0:05:39.480
<v Speaker 2>moving headlines. Listen to Bloomberg Radio Live, catch us on YouTube,

0:05:39.560 --> 0:05:43.039
<v Speaker 2>Bloomberg dot com, and on Applecarplay and Android Auto with

0:05:43.120 --> 0:05:44.599
<v Speaker 2>the Bloomberg Business app.