WEBVTT - Closing Bell: Intel Jumps, Monster Beverage Gains, CoreWeave Drops

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<v Speaker 1>Bloomberg Audio Studios, Podcasts, radio News.

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<v Speaker 2>This is the closing bell on the stock movers report

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<v Speaker 2>the company's making moves at the close of US trading

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<v Speaker 2>with Carol Masser, Tim Stenovack, Romain Bostik, and Katie Greifel.

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<v Speaker 1>All right, let's get to the S and P five hundred,

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<v Speaker 1>going back there. You know what's interesting. Even though we're

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<v Speaker 1>seeing a move up generally again in the major averages, guys,

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<v Speaker 1>we've got two hundred eight names in the S and

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<v Speaker 1>P five hundred, Yes, gaining ground, but isabelle more names

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<v Speaker 1>are actually losing ground on this Friday two hundred and

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<v Speaker 1>ninety five to the downside.

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<v Speaker 3>Exactly.

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<v Speaker 4>I'm looking at my imap here and unless I'm looking

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<v Speaker 4>at the right thing, it's actually interesting how it's not

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<v Speaker 4>all green. You see their tech up by almost two percent,

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<v Speaker 4>Materials also higher, but you have a couple of red there.

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<v Speaker 4>I'm seeing healthcare down by six tens of one percent,

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<v Speaker 4>consumer staples, energy and financials also in the red.

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<v Speaker 1>All right, guys, I want to go do some of

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<v Speaker 1>the individual gainers if I may. In today's trade, I

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<v Speaker 1>got to talk about the semiconductors man just on fire,

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<v Speaker 1>Intel up almost fourteen percent. You had Micron up about

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<v Speaker 1>fifteen and a half percent, and you had a lot

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<v Speaker 1>of options activity.

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<v Speaker 3>Around Micron as well.

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<v Speaker 1>I think it was seventy five dollars puts where you

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<v Speaker 1>saw a lot of activity. Philadelphia's Semiconductor index that was

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<v Speaker 1>up about five and a half percent. Nearly all names

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<v Speaker 1>in the socks there are thirty of them higher in

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<v Speaker 1>today's session, socks is up sixty five percent roughly year

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<v Speaker 1>to date. We did see it come under pressure like

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<v Speaker 1>a lot of the market following the US War and

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<v Speaker 1>Iran when that started. Apple and Intel, let's get to

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<v Speaker 1>some news and fundamentals for Intel. Apple and Intel have

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<v Speaker 1>reached a preliminary agreement for Intel to manufacture some of

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<v Speaker 1>the chipst power Apple devices. According to people familiar intentsive

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<v Speaker 1>talks between the two have been ongoing for more than

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<v Speaker 1>a year. They hammered out a formal deal in recent months.

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<v Speaker 1>These people said. It's still unclear though which Apple products

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<v Speaker 1>Intel would make chips for.

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<v Speaker 3>These people say this was in the Wall Street Journal,

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<v Speaker 3>But if.

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<v Speaker 1>You remember on Tuesday, our team of Mark german Ian

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<v Speaker 1>King and Ryan Gould had talked about Apple having exploratory

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<v Speaker 1>discussions about using Intel and also Samsung Electronics to produce

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<v Speaker 1>the main processors for its devices in the US.

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<v Speaker 3>So anyway, this certainly got the stock moving.

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<v Speaker 1>But if you read what Bloomberg says, you would have

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<v Speaker 1>had a little bit of a head up.

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<v Speaker 3>Jeryld out there, Do you have no excuse?

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<v Speaker 1>Then?

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<v Speaker 3>I know, I said, darn.

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<v Speaker 1>I wish I had everything in semiconductors because they've been

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<v Speaker 1>just on a run certainly this year.

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<v Speaker 3>Hey, let's a little bit on over to Dell ralling today.

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<v Speaker 3>This is President Trump said, go out and buy Adell.

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<v Speaker 1>They're great, repeating his praise for founder Michael Dell and

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<v Speaker 1>really the whole Dell family for its philanthropy and backing

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<v Speaker 1>and giving contributions to those Trump accounts. This was at

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<v Speaker 1>a Mother's Day event at the White House, so you

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<v Speaker 1>did see Dell getting a kick to the upside, up

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<v Speaker 1>about thirteen percent more than a kick, I know.

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<v Speaker 3>Is that amazing?

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<v Speaker 1>And then here's for something non tech, low tech, no

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<v Speaker 1>tech monster beverage. This was certain and now performer in

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<v Speaker 1>today's session top in the S ANDPN Nasdaq. It was

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<v Speaker 1>up about thirteen and a half percent, hitting an inter

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<v Speaker 1>day high as much as seventeen percent. The company reported

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<v Speaker 1>first quarter justin earnings per show that beat the average

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<v Speaker 1>analyst estimates. JP Morgan raising its price target RBC. Two

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<v Speaker 1>options today also surging around this one actually was I'm sorry,

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<v Speaker 1>I think I said options around Micron.

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<v Speaker 3>Oops.

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<v Speaker 1>Sorry, it's Friday option surging around Monster that was led

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<v Speaker 1>by seventy five dollars share puts.

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<v Speaker 3>I'm really sorry, guys, but I did correct it. All right.

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<v Speaker 3>I'm going to get to some of the decliners today.

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<v Speaker 3>It's been a long week. She has to travel back

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<v Speaker 3>from La Thank you, thank you, I love you, Scarlett.

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<v Speaker 5>Look at cloud Flair down twenty six twenty three point

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<v Speaker 5>six percent today. It's the worst day ever for this company.

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<v Speaker 5>Interestingly enough, though, trading out one hundred and ninety six thirteen.

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<v Speaker 5>It's only down to levels that were seeing just last month,

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<v Speaker 5>so it had quite a run up over.

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<v Speaker 3>The past few weeks.

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<v Speaker 5>Still, it's important to note the company said late yesterday

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<v Speaker 5>with slash jobs. It gave a forecast for revenue that

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<v Speaker 5>fell of analyst expectations. It's going to slash its current

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<v Speaker 5>workforce by about a fifth of the total eleven hundred employees.

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<v Speaker 5>It's prioritizing AI tools in the operating model. The company

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<v Speaker 5>also projected revenue for the quarter that fell short of estimates. Also,

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<v Speaker 5>let's take a look at what happened to shares of

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<v Speaker 5>Expedia today. They posted quarterly revenue that was up fifteen

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<v Speaker 5>percent from a year earlier, but gave a tepid gross

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<v Speaker 5>bookings for the second quarter forecast down nine percent. Today.

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<v Speaker 5>Analysts pointed to macroeconomic pressures weighing on the guidance, though

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<v Speaker 5>Expedia did say we expect healthy demand from the FIFA

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<v Speaker 5>World Cup and forecasts at second quarter revenue between four

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<v Speaker 5>hundred point four point one one billion to four point

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<v Speaker 5>one to nine billion dollars. Shares fell by just over

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<v Speaker 5>nine percent, and finally, Core weave today. Shares dropped after

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<v Speaker 5>the company gave a disappointing forecast for the current quarter.

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<v Speaker 5>It's more concerns about slowing growth. Revenue for the second

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<v Speaker 5>quarter will range from two point four to five to

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<v Speaker 5>two point six billion. That was short of the two

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<v Speaker 5>point seven billion scarlet that lists wanted to see. Core

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<v Speaker 5>we've done by eleven point four percent today.

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<v Speaker 6>All right, good stub Let's move on to the fixed

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<v Speaker 6>income space. We saw a bid for US treasuries higher

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<v Speaker 6>price means lower yields, especially at the short end of

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<v Speaker 6>the curve. We had a better than expected April jobs report,

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<v Speaker 6>but nothing that forces the fence hand, so you're seeing

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<v Speaker 6>yields come down for the two year. We're now sitting

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<v Speaker 6>at three point eight nine percent. For the thirty year.

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<v Speaker 6>People have been eyeing that five percent level. We got

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<v Speaker 6>there earlier this week, but we're ending the week away

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<v Speaker 6>from it now at four point nine four percent, and

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<v Speaker 6>the tenure currently at four point three six percent.

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<v Speaker 3>Well within the range that it's established. All Right, guys,

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<v Speaker 3>this is really important.

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<v Speaker 1>You know we talk about concerned about private credit or

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<v Speaker 1>the over AI spin. Well, apparently gelato is getting a

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<v Speaker 1>bit odd and weird, and not everybody's happening is happy

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<v Speaker 1>about it. Sub let Hey, I don't know. It's a

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<v Speaker 1>gelato shop in Bologna. It produces small quantities of gelato

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<v Speaker 1>using high quality, meticulously sourced ingredients, without thickeners or most

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<v Speaker 1>of I think the point of this story that our

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<v Speaker 1>Joel Heart did here at Bloomberg is that they're also

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<v Speaker 1>getting into some different weird flavors.

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<v Speaker 5>I thought the point of the story was so Joel

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<v Speaker 5>could go to Italy and eat gelato.

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<v Speaker 3>Because to Italy, to Dotto.

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<v Speaker 1>What it seems like to the editors, Hey, like is

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<v Speaker 1>really important gelato story. There's concerns like yeah, around with

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<v Speaker 1>the ingredients and I gotta go.

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<v Speaker 5>In all seriousness, it's one of the most red stories

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<v Speaker 5>on the Bloomberg terminal. It's about the evolution of gelato

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<v Speaker 5>in Italy. How it's particularly focused on the northern region

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<v Speaker 5>with gelato shops. They're offering innovative flavors, techniques, and it

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<v Speaker 5>showcases gelatto as this key component of Italian food and cuisine.

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<v Speaker 5>It's enough for me to go there.

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<v Speaker 1>There's one with a it's a reconstructed cheese gelato made

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<v Speaker 1>with waist starter penicillium candidum, I guess, and a parmesano

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<v Speaker 1>garum topping.

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<v Speaker 4>It's too innovative for me. I just want to stick

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<v Speaker 4>with my nice dark chocolate. There's there's moral mushroom and sake.

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<v Speaker 4>I mean, I guess it's for a small niche of

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<v Speaker 4>people and maybe a big group, but not for me.

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<v Speaker 3>With you too.

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<v Speaker 6>A shout out to Minimal, which is a gelato shop

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<v Speaker 6>in Taijung, Taiwan, which has a Michelin star.

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<v Speaker 3>Oh wow.

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<v Speaker 4>Yeah, so I should pitch at Scarlett then we can go.

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<v Speaker 6>I have a pitch already in mind for Gelato around

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<v Speaker 6>the World.

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<v Speaker 2>All right.

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<v Speaker 6>The other story that I'm keeping my eye on. I

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<v Speaker 6>don't know if you guys have any kids in college.

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<v Speaker 6>I know, Carol you once did. I have two in

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<v Speaker 6>school right now. And there's this online platform that all

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<v Speaker 6>these college students need to use. It's called Canvas. There's

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<v Speaker 6>a hack into it, and it came yesterday. It actually

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<v Speaker 6>came a few days ago, but it really got publicized

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<v Speaker 6>the last few days now. As a result, the University

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<v Speaker 6>of Illinois, Virginia Tech, and Southern Methodist University, among others,

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<v Speaker 6>have postponed their finals because of this. Kids can't get

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<v Speaker 6>onto the platform, they can't check the study guides, Professors

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<v Speaker 6>can't communicate with the with the students. It's a big mess.

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<v Speaker 3>I got to tell you. This is terrifying to me.

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<v Speaker 1>And I have these bad dreams that I'm like, I'm

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<v Speaker 1>going to one day my phone like all my accounts

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<v Speaker 1>are going to be hot. There's going to be no

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<v Speaker 1>money in my bank account, no money in my investment account.

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<v Speaker 3>Like it just tears revise me.

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<v Speaker 1>And I just feel like these are the kind of

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<v Speaker 1>things that were I don't know, I just find it

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<v Speaker 1>really upsetting.

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<v Speaker 5>I took about a decade between undergraduate and then going

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<v Speaker 5>to graduate school, and by the time I got there

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<v Speaker 5>was like no technology when I was an undergraduate, truly

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<v Speaker 5>so much now. And then by the time ten years later,

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<v Speaker 5>which was actually ten years ago I got to graduate school,

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<v Speaker 5>they were using canvas and it was a completely different

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<v Speaker 5>experience there. There was every syllabus was on there. I

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<v Speaker 5>can't just given that this is the backbone and this

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<v Speaker 5>was like a decade ago, this is the backbone of

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<v Speaker 5>how every class is done in certain universities. Of course,

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<v Speaker 5>it makes sense they'd have to delay finals because this

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<v Speaker 5>is this is the infrastructure that that academia runs on.

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<v Speaker 6>And the market here that this company has instructure, which

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<v Speaker 6>is owned by private equity owned by KKR.

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<v Speaker 3>In fact, it's incredible.

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<v Speaker 6>Everyone seems to be affected in one way, shape or form.

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<v Speaker 4>I miss analog days when I had to bring a

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<v Speaker 4>paper slip to my parents and make them sign them.

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<v Speaker 3>I know, I like paper. I like paper.

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<v Speaker 1>I'm just gonna say that I still have a calendar book,

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<v Speaker 1>like we all grew up with papers.

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<v Speaker 3>So you know, there's a. It's comforting, right, I know,

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<v Speaker 3>I know. Comforting was having you guys. This was really fun.

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<v Speaker 1>A great way to wrap up the day in the week,

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<v Speaker 1>so have a great, great weekend.

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<v Speaker 2>The Stockmovers Report from Bloomberg Radio. Check back with us

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