Speaker 1: Bloomberg Audio Studios, podcasts, radio news, The.
Speaker 2: Stock Movers podcast, your roundup of companies making moves in
Speaker 2: the stock market, harnessing the power of Bloomberg Data.
Speaker 3: Let's take a look at some of the stocks on
Speaker 3: the move today. I'm Paul Swingey alongside John Tucker, and
Speaker 3: we're joined by Bloomberg Christina. You know, Christine, what are
Speaker 3: you looking at?
Speaker 1: Well, let's talk about Lockheed Martin so ticker l MT
Speaker 1: again shares at three and a half percent at the moment.
Speaker 1: And that's interesting because you know, earlier this week that
Speaker 1: stock was not doing well because there was a report
Speaker 1: the Department of Defence will cut its order of F
Speaker 1: thirty fives by half. But then on Thursday, we did
Speaker 1: get some findings from the Congressional Budget Office saying that
Speaker 1: to the operating and support costs of F thirty five
Speaker 1: fighter jets have stabilized. And that was in response to
Speaker 1: President Trump's order in April to review all major defense
Speaker 1: acquisition programs. So those probably helping lockheeds a little bit.
Speaker 1: And of course, you know Middle East tensions always boost
Speaker 1: to defense stocks. I love the thirty five.
Speaker 3: That looks really cool.
Speaker 1: I love to fly that thing.
Speaker 2: What else we got awesome, I'd see when tomorrow on
Speaker 2: the parade, Yes.
Speaker 1: Exactly, make sure you watch that. But yes, otherwise, we
Speaker 1: are looking at Oracle as well as Sticker O RCL
Speaker 1: and that stock up really nicely today, more than five
Speaker 1: percent at the moment. And you know, we're seeing Oracle
Speaker 1: being raised to outperform for market perform at BMO Capital Markets.
Speaker 1: That's after share hit a record high this week following
Speaker 1: the software maker's results projecting a seventy percent gain in
Speaker 1: cloud infrastructure sales this fiscal year. So this week, Oracle
Speaker 1: shares up twenty percent, and that is the biggest game
Speaker 1: since April two thousand and.
Speaker 3: One boom, and I remember April two thousand and one
Speaker 3: very well. Fifty two bikai today for Oracle, So how
Speaker 3: about that?
Speaker 1: All right?
Speaker 3: Look at the doubt's off five hundred and twenty five
Speaker 3: points one one point two percent. The biggest driver of
Speaker 3: that downside is Visa. What's going on with.
Speaker 1: Visa exactly Visa tiker V. And we're seeing those shares
Speaker 1: down just about six percent at the moment. So paris
Speaker 1: some losses here, but still very much in the red.
Speaker 1: And that is because we have a Wall Street Journal
Speaker 1: report saying that there are large merchants, including Walmart and Amazon,
Speaker 1: that are exploring how to issue or use stable coins
Speaker 1: to bypass the traditional feast of card based systems. Now, yes,
Speaker 1: I know you're grunning, Paul, because of course some animal's
Speaker 1: pointing out that this is going to be a long,
Speaker 1: uphill battle in terms of adoption. But we do have
Speaker 1: KBW analysts Sanja Socrani saying that of course these initiatives
Speaker 1: could put pressure on the economics of card fees over time.
Speaker 2: Staple coin replacing cards, Well.
Speaker 3: How about the old saction way. We're about a want
Speaker 3: of cash. Okay, you play at the old school way.
Speaker 3: That's how I do it in Jersey for and you're
Speaker 3: the only one. I'm the old one, the only one.
Speaker 2: The Stock Movers podcast Bloomberg Radio check back with us
Speaker 2: throughout the day for the latest roundup of companies making
Speaker 2: news on Wall Street and for the latest market moving headlines.
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