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 00:00:17,280 --> 00:00:18,799 Speaker 3: Let's take a look at some of the stocks on 5 00:00:18,840 --> 00:00:21,640 Speaker 3: the move today. I'm Paul Swingey alongside John Tucker, and 6 00:00:21,720 --> 00:00:24,319 Speaker 3: we're joined by Bloomberg Christina. You know, Christine, what are 7 00:00:24,320 --> 00:00:24,680 Speaker 3: you looking at? 8 00:00:24,960 --> 00:00:27,560 Speaker 1: Well, let's talk about Lockheed Martin so ticker l MT 9 00:00:27,840 --> 00:00:30,920 Speaker 1: again shares at three and a half percent at the moment. 10 00:00:31,040 --> 00:00:33,239 Speaker 1: And that's interesting because you know, earlier this week that 11 00:00:33,320 --> 00:00:36,200 Speaker 1: stock was not doing well because there was a report 12 00:00:36,240 --> 00:00:38,360 Speaker 1: the Department of Defence will cut its order of F 13 00:00:38,440 --> 00:00:41,560 Speaker 1: thirty fives by half. But then on Thursday, we did 14 00:00:41,600 --> 00:00:44,199 Speaker 1: get some findings from the Congressional Budget Office saying that 15 00:00:44,280 --> 00:00:47,000 Speaker 1: to the operating and support costs of F thirty five 16 00:00:47,040 --> 00:00:50,400 Speaker 1: fighter jets have stabilized. And that was in response to 17 00:00:50,520 --> 00:00:54,160 Speaker 1: President Trump's order in April to review all major defense 18 00:00:54,160 --> 00:00:57,880 Speaker 1: acquisition programs. So those probably helping lockheeds a little bit. 19 00:00:57,920 --> 00:01:00,920 Speaker 1: And of course, you know Middle East tensions always boost 20 00:01:01,000 --> 00:01:03,000 Speaker 1: to defense stocks. I love the thirty five. 21 00:01:03,200 --> 00:01:04,080 Speaker 3: That looks really cool. 22 00:01:04,880 --> 00:01:05,920 Speaker 1: I love to fly that thing. 23 00:01:06,680 --> 00:01:11,400 Speaker 2: What else we got awesome, I'd see when tomorrow on 24 00:01:11,480 --> 00:01:12,720 Speaker 2: the parade, Yes. 25 00:01:12,800 --> 00:01:17,039 Speaker 1: Exactly, make sure you watch that. But yes, otherwise, we 26 00:01:17,120 --> 00:01:20,160 Speaker 1: are looking at Oracle as well as Sticker O RCL 27 00:01:20,600 --> 00:01:24,399 Speaker 1: and that stock up really nicely today, more than five 28 00:01:24,440 --> 00:01:27,080 Speaker 1: percent at the moment. And you know, we're seeing Oracle 29 00:01:27,120 --> 00:01:31,360 Speaker 1: being raised to outperform for market perform at BMO Capital Markets. 30 00:01:31,560 --> 00:01:35,000 Speaker 1: That's after share hit a record high this week following 31 00:01:35,000 --> 00:01:38,840 Speaker 1: the software maker's results projecting a seventy percent gain in 32 00:01:38,920 --> 00:01:42,959 Speaker 1: cloud infrastructure sales this fiscal year. So this week, Oracle 33 00:01:43,000 --> 00:01:46,280 Speaker 1: shares up twenty percent, and that is the biggest game 34 00:01:46,440 --> 00:01:48,680 Speaker 1: since April two thousand and. 35 00:01:48,560 --> 00:01:51,360 Speaker 3: One boom, and I remember April two thousand and one 36 00:01:51,680 --> 00:01:55,160 Speaker 3: very well. Fifty two bikai today for Oracle, So how 37 00:01:55,200 --> 00:01:55,600 Speaker 3: about that? 38 00:01:55,720 --> 00:01:56,120 Speaker 1: All right? 39 00:01:56,280 --> 00:01:58,040 Speaker 3: Look at the doubt's off five hundred and twenty five 40 00:01:58,080 --> 00:02:01,840 Speaker 3: points one one point two percent. The biggest driver of 41 00:02:01,840 --> 00:02:03,400 Speaker 3: that downside is Visa. What's going on with. 42 00:02:03,360 --> 00:02:06,800 Speaker 1: Visa exactly Visa tiker V. And we're seeing those shares 43 00:02:06,840 --> 00:02:09,120 Speaker 1: down just about six percent at the moment. So paris 44 00:02:09,120 --> 00:02:11,920 Speaker 1: some losses here, but still very much in the red. 45 00:02:12,040 --> 00:02:13,919 Speaker 1: And that is because we have a Wall Street Journal 46 00:02:13,960 --> 00:02:17,920 Speaker 1: report saying that there are large merchants, including Walmart and Amazon, 47 00:02:18,280 --> 00:02:21,079 Speaker 1: that are exploring how to issue or use stable coins 48 00:02:21,120 --> 00:02:25,360 Speaker 1: to bypass the traditional feast of card based systems. Now, yes, 49 00:02:25,440 --> 00:02:29,040 Speaker 1: I know you're grunning, Paul, because of course some animal's 50 00:02:29,080 --> 00:02:31,360 Speaker 1: pointing out that this is going to be a long, 51 00:02:31,520 --> 00:02:34,120 Speaker 1: uphill battle in terms of adoption. But we do have 52 00:02:34,360 --> 00:02:38,919 Speaker 1: KBW analysts Sanja Socrani saying that of course these initiatives 53 00:02:38,960 --> 00:02:42,680 Speaker 1: could put pressure on the economics of card fees over time. 54 00:02:42,960 --> 00:02:45,920 Speaker 2: Staple coin replacing cards, Well. 55 00:02:45,800 --> 00:02:48,600 Speaker 3: How about the old saction way. We're about a want 56 00:02:48,600 --> 00:02:51,560 Speaker 3: of cash. Okay, you play at the old school way. 57 00:02:51,560 --> 00:02:53,799 Speaker 3: That's how I do it in Jersey for and you're 58 00:02:53,840 --> 00:02:57,320 Speaker 3: the only one. I'm the old one, the only one. 59 00:02:57,919 --> 00:03:02,240 Speaker 2: The Stock Movers podcast Bloomberg Radio check back with us 60 00:03:02,320 --> 00:03:05,240 Speaker 2: throughout the day for the latest roundup of companies making 61 00:03:05,320 --> 00:03:08,880 Speaker 2: news on Wall Street and for the latest market moving headlines. 62 00:03:09,040 --> 00:03:12,960 Speaker 2: Listen to Bloomberg Radio Live, catch us on YouTube, Bloomberg 63 00:03:13,000 --> 00:03:15,840 Speaker 2: dot com, and on Applecarplay and Android Auto with the 64 00:03:15,840 --> 00:03:17,200 Speaker 2: Bloomberg Business app.