WEBVTT - SpaceX and Constellation Brands Lower; Intel Higher

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<v Speaker 1>Bloomberg Audio Studios. Podcasts. Radio.

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<v Speaker 2>News.

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<v Speaker 1>The Stock Movers Report, your roundup of companies making moves

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<v Speaker 1>in the stock market, harnessing the power of Bloomberg data.

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<v Speaker 2>Let's take a look at some stocks on the move today.

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<v Speaker 3>They have $ 100 billion of cash. So why are they

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<v Speaker 3>borrowing money? I don't get it. I guess the answer

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<v Speaker 3>is because they can.

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<v Speaker 2>Because they can.

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<v Speaker 3>SpaceX in talks with banks and investors to raise $ 40

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<v Speaker 3>billion to buy chips from NVIDIA. So fundraising for AI

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<v Speaker 3>build-out will be among the biggest ever debt financings for

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<v Speaker 3>AI development. PIMCO, at least according to our sources, one

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<v Speaker 3>of the investment managers looking at the deal. The FT

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<v Speaker 3>reporting Apollo Global Management leading the financing. Of course, tech

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<v Speaker 3>companies and AI model developers investing and borrowing billions upon

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<v Speaker 3>billions to build and lease giant data centers full of

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<v Speaker 3>chips to power AI systems.

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<v Speaker 2>This is controversial, to say the least.

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<v Speaker 3>Well, and, you know, brings up like circular financing and

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<v Speaker 3>stuff like that. Are you going to put this in

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<v Speaker 3>my town and gobble up my electricity and my water?

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<v Speaker 2>And that's it. And even in Finland, they're having a

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<v Speaker 2>raging debate in the last 24 hours. Well, normally they

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<v Speaker 2>don't really debate much there. No, but they have data

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<v Speaker 2>centers and the people are saying no. But I think

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<v Speaker 2>this is fascinating. Some people say the Apollo PIMCO transaction

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<v Speaker 2>for next year with SpaceX is no big deal and

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<v Speaker 2>others are apoplectic about it.

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<v Speaker 3>And just generating a series of massive financing deals.

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<v Speaker 2>Stock is also down 2.3%. I didn't say next. The

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<v Speaker 2>East German judge said that.

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<v Speaker 3>We'll stick with Elon Musk and also the CEO of

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<v Speaker 3>Intel for this one. Pushing back against doubts over the

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<v Speaker 3>company's role in the Terafab chip-making project. Intel CEO... Liputan

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<v Speaker 3>telling Bloomberg, this was yesterday at an event in Tokyo,

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<v Speaker 3>that the company's involvement in TerraFab will continue. Meantime, on

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<v Speaker 3>his ex-account, Elon Musk responded to a post speculating that

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<v Speaker 3>TSMC would play a larger role in this chip plant. No,

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<v Speaker 3>he said, we will build and run the fab. Let

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<v Speaker 3>there be zero doubt about that. Maybe Taiwan Semiconductor Manufacturing subleases.

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<v Speaker 3>I mean, was he.

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<v Speaker 2>Using that as leverage with Intel?

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<v Speaker 1>Because I thought it was odd that he would.

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<v Speaker 3>Go to Taiwan. He posted Saturday, which started all this,

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<v Speaker 3>that TSMC could take part in the chip venture in Texas.

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<v Speaker 3>And that led to more than, I think it was

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<v Speaker 3>about a 5% decline in Intel.

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<v Speaker 2>Monday and Tuesday. Can I editorialize? I'm seeing more electric cars.

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<v Speaker 2>And I'm seeing more Teslas on the road.

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<v Speaker 1>A lot more Teslas, yeah.

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<v Speaker 2>But there's way more, you know, because of the price

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<v Speaker 2>of gasoline.

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<v Speaker 3>Well, yeah. I mean, why not? But I just, you know,

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<v Speaker 3>you look at it and I did the math. It's

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<v Speaker 3>not worth it from my perspective. You get just a

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<v Speaker 3>cheap car that gets gas mileage.

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<v Speaker 2>John, Homer H2 drove by me yesterday and I thought

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<v Speaker 2>it was you.

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<v Speaker 3>Yeah, but I have solar panels on top of my car.

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<v Speaker 3>You got one more here? We did Constellation Energy yesterday.

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<v Speaker 3>Let's do Constellation Brands. And the theme here is the

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<v Speaker 3>big sad fact.

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<v Speaker 2>The beer maker. Beer maker.

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<v Speaker 1>Yeah.

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<v Speaker 2>They make beer. Okay.

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<v Speaker 3>But people are drinking less beer.

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<v Speaker 2>Oh, no.

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<v Speaker 3>Constellation makes, among other things, Corona and Modelo.

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<v Speaker 2>Be nice. Oh, boy.

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<v Speaker 3>The maker of Modelo Especial. The company also announcing acquisition

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<v Speaker 3>of Spygade. This is a vodka-based sport drink. Spygade? Spygade? No,

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<v Speaker 3>Spike Aid.

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<v Speaker 2>Oh, Spike Aid.

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<v Speaker 3>This is made, by the way, in New Jersey.

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<v Speaker 2>Are you having some right now? No, this is Tito's

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<v Speaker 2>and Tang Free. Okay, very nice.

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<v Speaker 3>That's his sports drink. Tito's and Tang Free. Good Lord. Anyway, yeah,

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<v Speaker 3>Spike Aid was founded in New Jersey in 2025, so

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<v Speaker 3>they're going to be gobbled up.

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