WEBVTT - Lockheed Martin Rises, Oracle Gains, Visa Drops on Stablecoin Report

0:00:02.520 --> 0:00:09.040
<v Speaker 1>Bloomberg Audio Studios, podcasts, radio news, The.

0:00:08.880 --> 0:00:13.160
<v Speaker 2>Stock Movers podcast, your roundup of companies making moves in

0:00:13.200 --> 0:00:16.480
<v Speaker 2>the stock market, harnessing the power of Bloomberg Data.

0:00:17.280 --> 0:00:18.799
<v Speaker 3>Let's take a look at some of the stocks on

0:00:18.840 --> 0:00:21.640
<v Speaker 3>the move today. I'm Paul Swingey alongside John Tucker, and

0:00:21.720 --> 0:00:24.319
<v Speaker 3>we're joined by Bloomberg Christina. You know, Christine, what are

0:00:24.320 --> 0:00:24.680
<v Speaker 3>you looking at?

0:00:24.960 --> 0:00:27.560
<v Speaker 1>Well, let's talk about Lockheed Martin so ticker l MT

0:00:27.840 --> 0:00:30.920
<v Speaker 1>again shares at three and a half percent at the moment.

0:00:31.040 --> 0:00:33.239
<v Speaker 1>And that's interesting because you know, earlier this week that

0:00:33.320 --> 0:00:36.200
<v Speaker 1>stock was not doing well because there was a report

0:00:36.240 --> 0:00:38.360
<v Speaker 1>the Department of Defence will cut its order of F

0:00:38.440 --> 0:00:41.560
<v Speaker 1>thirty fives by half. But then on Thursday, we did

0:00:41.600 --> 0:00:44.199
<v Speaker 1>get some findings from the Congressional Budget Office saying that

0:00:44.280 --> 0:00:47.000
<v Speaker 1>to the operating and support costs of F thirty five

0:00:47.040 --> 0:00:50.400
<v Speaker 1>fighter jets have stabilized. And that was in response to

0:00:50.520 --> 0:00:54.160
<v Speaker 1>President Trump's order in April to review all major defense

0:00:54.160 --> 0:00:57.880
<v Speaker 1>acquisition programs. So those probably helping lockheeds a little bit.

0:00:57.920 --> 0:01:00.920
<v Speaker 1>And of course, you know Middle East tensions always boost

0:01:01.000 --> 0:01:03.000
<v Speaker 1>to defense stocks. I love the thirty five.

0:01:03.200 --> 0:01:04.080
<v Speaker 3>That looks really cool.

0:01:04.880 --> 0:01:05.920
<v Speaker 1>I love to fly that thing.

0:01:06.680 --> 0:01:11.400
<v Speaker 2>What else we got awesome, I'd see when tomorrow on

0:01:11.480 --> 0:01:12.720
<v Speaker 2>the parade, Yes.

0:01:12.800 --> 0:01:17.039
<v Speaker 1>Exactly, make sure you watch that. But yes, otherwise, we

0:01:17.120 --> 0:01:20.160
<v Speaker 1>are looking at Oracle as well as Sticker O RCL

0:01:20.600 --> 0:01:24.399
<v Speaker 1>and that stock up really nicely today, more than five

0:01:24.440 --> 0:01:27.080
<v Speaker 1>percent at the moment. And you know, we're seeing Oracle

0:01:27.120 --> 0:01:31.360
<v Speaker 1>being raised to outperform for market perform at BMO Capital Markets.

0:01:31.560 --> 0:01:35.000
<v Speaker 1>That's after share hit a record high this week following

0:01:35.000 --> 0:01:38.840
<v Speaker 1>the software maker's results projecting a seventy percent gain in

0:01:38.920 --> 0:01:42.959
<v Speaker 1>cloud infrastructure sales this fiscal year. So this week, Oracle

0:01:43.000 --> 0:01:46.280
<v Speaker 1>shares up twenty percent, and that is the biggest game

0:01:46.440 --> 0:01:48.680
<v Speaker 1>since April two thousand and.

0:01:48.560 --> 0:01:51.360
<v Speaker 3>One boom, and I remember April two thousand and one

0:01:51.680 --> 0:01:55.160
<v Speaker 3>very well. Fifty two bikai today for Oracle, So how

0:01:55.200 --> 0:01:55.600
<v Speaker 3>about that?

0:01:55.720 --> 0:01:56.120
<v Speaker 1>All right?

0:01:56.280 --> 0:01:58.040
<v Speaker 3>Look at the doubt's off five hundred and twenty five

0:01:58.080 --> 0:02:01.840
<v Speaker 3>points one one point two percent. The biggest driver of

0:02:01.840 --> 0:02:03.400
<v Speaker 3>that downside is Visa. What's going on with.

0:02:03.360 --> 0:02:06.800
<v Speaker 1>Visa exactly Visa tiker V. And we're seeing those shares

0:02:06.840 --> 0:02:09.120
<v Speaker 1>down just about six percent at the moment. So paris

0:02:09.120 --> 0:02:11.920
<v Speaker 1>some losses here, but still very much in the red.

0:02:12.040 --> 0:02:13.919
<v Speaker 1>And that is because we have a Wall Street Journal

0:02:13.960 --> 0:02:17.920
<v Speaker 1>report saying that there are large merchants, including Walmart and Amazon,

0:02:18.280 --> 0:02:21.079
<v Speaker 1>that are exploring how to issue or use stable coins

0:02:21.120 --> 0:02:25.360
<v Speaker 1>to bypass the traditional feast of card based systems. Now, yes,

0:02:25.440 --> 0:02:29.040
<v Speaker 1>I know you're grunning, Paul, because of course some animal's

0:02:29.080 --> 0:02:31.360
<v Speaker 1>pointing out that this is going to be a long,

0:02:31.520 --> 0:02:34.120
<v Speaker 1>uphill battle in terms of adoption. But we do have

0:02:34.360 --> 0:02:38.919
<v Speaker 1>KBW analysts Sanja Socrani saying that of course these initiatives

0:02:38.960 --> 0:02:42.680
<v Speaker 1>could put pressure on the economics of card fees over time.

0:02:42.960 --> 0:02:45.920
<v Speaker 2>Staple coin replacing cards, Well.

0:02:45.800 --> 0:02:48.600
<v Speaker 3>How about the old saction way. We're about a want

0:02:48.600 --> 0:02:51.560
<v Speaker 3>of cash. Okay, you play at the old school way.

0:02:51.560 --> 0:02:53.799
<v Speaker 3>That's how I do it in Jersey for and you're

0:02:53.840 --> 0:02:57.320
<v Speaker 3>the only one. I'm the old one, the only one.

0:02:57.919 --> 0:03:02.240
<v Speaker 2>The Stock Movers podcast Bloomberg Radio check back with us

0:03:02.320 --> 0:03:05.240
<v Speaker 2>throughout the day for the latest roundup of companies making

0:03:05.320 --> 0:03:08.880
<v Speaker 2>news on Wall Street and for the latest market moving headlines.

0:03:09.040 --> 0:03:12.960
<v Speaker 2>Listen to Bloomberg Radio Live, catch us on YouTube, Bloomberg

0:03:13.000 --> 0:03:15.840
<v Speaker 2>dot com, and on Applecarplay and Android Auto with the

0:03:15.840 --> 0:03:17.200
<v Speaker 2>Bloomberg Business app.