1
00:00:02,520 --> 00:00:07,000
Speaker 1: Bloomberg Audio Studios, podcasts, radio News.

2
00:00:08,560 --> 00:00:12,440
Speaker 2: The Stock Movers Report, your roundup of companies making moves

3
00:00:12,480 --> 00:00:15,880
Speaker 2: in the stock market, harnessing the power of Bloomberg Data.

4
00:00:16,360 --> 00:00:18,680
Speaker 1: Let's take a look at some stocks on the move today.

5
00:00:18,760 --> 00:00:22,600
Speaker 1: I'm Tim Steneveek, joined by Nora Melnda. She's Bloomberg Television

6
00:00:22,760 --> 00:00:27,160
Speaker 1: Markets correspondent. Nora. No shortage of things moving, especially late

7
00:00:27,200 --> 00:00:28,040
Speaker 1: in the session today.

8
00:00:28,520 --> 00:00:30,560
Speaker 3: Lots going on. At the end of the session today,

9
00:00:30,600 --> 00:00:32,440
Speaker 3: I was looking at shares of Disney. Let's take her

10
00:00:32,600 --> 00:00:36,360
Speaker 3: ds here. We looked at Cheers that fell one percent

11
00:00:36,440 --> 00:00:38,839
Speaker 3: at the closing bell. But it was interesting because, of

12
00:00:38,840 --> 00:00:40,800
Speaker 3: course what we saw right as we were about to

13
00:00:40,880 --> 00:00:43,159
Speaker 3: hit the close today is the fact that Jimmy Kimme

14
00:00:43,159 --> 00:00:46,640
Speaker 3: Alive will actually be returning to airways after backlash. This

15
00:00:46,760 --> 00:00:49,159
Speaker 3: will be resuming back on Tuesday. Of course, we know

16
00:00:49,320 --> 00:00:53,360
Speaker 3: that the ABC late night host was really pushed away

17
00:00:53,520 --> 00:00:57,120
Speaker 3: off the show, and so we're really seeing him coming back.

18
00:00:57,160 --> 00:00:59,160
Speaker 3: And it's really been after the fact that there's been

19
00:00:59,200 --> 00:01:02,160
Speaker 3: so much prote ask, so much uncertainty about what was

20
00:01:02,200 --> 00:01:04,000
Speaker 3: going to happen with Jimmy Kimil and whether or not

21
00:01:04,000 --> 00:01:05,959
Speaker 3: the show would be able to continue here. But we

22
00:01:06,040 --> 00:01:08,000
Speaker 3: did see this news come out, and we did see

23
00:01:08,000 --> 00:01:10,000
Speaker 3: the stock pairing some of his declines, but of course

24
00:01:10,000 --> 00:01:11,000
Speaker 3: still ending there in the red.

25
00:01:11,160 --> 00:01:12,560
Speaker 1: Yeah, I fell as much as two percent in the

26
00:01:12,600 --> 00:01:15,240
Speaker 1: session and then bounced from that later in the session

27
00:01:15,319 --> 00:01:19,039
Speaker 1: when we got that news. The Bloomberg News team reporting

28
00:01:19,600 --> 00:01:22,560
Speaker 1: that Jimmy Kimo will address the controversy when he returns

29
00:01:22,600 --> 00:01:24,760
Speaker 1: to the stage. That's according to people with knowledge of

30
00:01:24,760 --> 00:01:27,680
Speaker 1: the matter who asked not to be identified. Something tells

31
00:01:27,680 --> 00:01:30,399
Speaker 1: me the story is not over yet, though not.

32
00:01:30,520 --> 00:01:33,560
Speaker 3: Over at all here. Also looking at shares of Oracle,

33
00:01:33,680 --> 00:01:37,160
Speaker 3: let's take a look there, chick her there o rcl

34
00:01:37,319 --> 00:01:39,840
Speaker 3: it earlier hit an entranty record. Of course, we know

35
00:01:39,880 --> 00:01:42,000
Speaker 3: this stock has really been in the news quite a

36
00:01:42,040 --> 00:01:45,520
Speaker 3: bit recently. It settled about a gain of six point

37
00:01:45,600 --> 00:01:48,320
Speaker 3: three percent at the close today. But this is after

38
00:01:48,600 --> 00:01:51,480
Speaker 3: the idea that TikTok's algorithm is going to be secured

39
00:01:51,520 --> 00:01:54,880
Speaker 3: by the company under a Trump deal here, so Oracle

40
00:01:54,960 --> 00:01:58,040
Speaker 3: with provide security and help oversee the recreation of a

41
00:01:58,080 --> 00:02:01,440
Speaker 3: new US version of TikTok's algorith them great news for them,

42
00:02:01,520 --> 00:02:03,560
Speaker 3: especially as you think about all these companies right now

43
00:02:03,560 --> 00:02:06,960
Speaker 3: clamoring for any sort of access to take text algorithm.

44
00:02:07,000 --> 00:02:10,320
Speaker 3: Considering all all that they've really gained over the past

45
00:02:10,400 --> 00:02:12,560
Speaker 3: year and all the attraction.

46
00:02:12,800 --> 00:02:14,600
Speaker 1: Yeah, it's been really at the center of so many

47
00:02:14,639 --> 00:02:18,320
Speaker 1: different stories. There's some executive shuffle there today as well. Saffracats,

48
00:02:18,320 --> 00:02:22,080
Speaker 1: the company's longtime CEO all the way back since twenty fourteen,

49
00:02:22,120 --> 00:02:24,640
Speaker 1: and she led the company with Mark Hurd until twenty nineteen.

50
00:02:24,960 --> 00:02:27,480
Speaker 1: She is taking a step back and a few other

51
00:02:27,520 --> 00:02:30,320
Speaker 1: folks are going to be stepping in in her place.

52
00:02:30,560 --> 00:02:34,080
Speaker 1: Clay Magarook and Mike cecilia Are will become the co

53
00:02:34,240 --> 00:02:37,400
Speaker 1: chief executive officers, signaling the company's focus on its rapidly

54
00:02:37,400 --> 00:02:40,000
Speaker 1: expanding cloud computing business. So lots of news in the

55
00:02:40,000 --> 00:02:43,600
Speaker 1: cloud world. Much to cover there, okay, from the clouds

56
00:02:43,720 --> 00:02:47,760
Speaker 1: down to the ground. Because you in your DNA you

57
00:02:47,840 --> 00:02:49,680
Speaker 1: cover homebuilders absolutely.

58
00:02:49,760 --> 00:02:52,560
Speaker 3: Looking at shares. You can never escape it, never escape,

59
00:02:52,560 --> 00:02:54,119
Speaker 3: it doesn't matter what we talk about. Have to bring

60
00:02:54,160 --> 00:02:56,960
Speaker 3: it back to the US housing market here. Let's look

61
00:02:56,960 --> 00:03:00,200
Speaker 3: at shares of Lenar. They close lower by four point

62
00:03:00,280 --> 00:03:02,880
Speaker 3: three percent at the closing bell today, and this after

63
00:03:03,000 --> 00:03:05,560
Speaker 3: Raymond James and Analys over there cut the recommendation on

64
00:03:05,639 --> 00:03:08,800
Speaker 3: the homebuilder to underperform from market perform. Of course, we

65
00:03:08,880 --> 00:03:12,160
Speaker 3: know this company reported earnings sometime last week, but this

66
00:03:12,240 --> 00:03:14,840
Speaker 3: is actually the lone bearish voice that we're seeing on

67
00:03:14,960 --> 00:03:17,680
Speaker 3: the company here, according to data that we have at Bloomberg,

68
00:03:18,000 --> 00:03:19,960
Speaker 3: and they're essentially saying that they believe that the market

69
00:03:20,000 --> 00:03:22,480
Speaker 3: is underestimating the timeline that it may take for Lenard

70
00:03:22,480 --> 00:03:26,840
Speaker 3: to restore its margins and also return to historical averages.

71
00:03:27,160 --> 00:03:29,280
Speaker 3: So it's really interesting, especially as we think about the

72
00:03:29,320 --> 00:03:32,440
Speaker 3: backdrop right now in the economy, what it looks like

73
00:03:32,520 --> 00:03:35,880
Speaker 3: for the average home buyer right now, and you know

74
00:03:35,960 --> 00:03:38,480
Speaker 3: a lot of the strains that are really on the

75
00:03:38,520 --> 00:03:41,800
Speaker 3: average consumer right now, and it seems as though the

76
00:03:41,880 --> 00:03:43,920
Speaker 3: report that we saw from Lanar last week definitely echoed

77
00:03:43,920 --> 00:03:45,040
Speaker 3: those sentiments.

78
00:03:45,760 --> 00:03:49,800
Speaker 2: The Stock Mover's report from Bloomberg Radio. Check back with

79
00:03:49,880 --> 00:03:52,480
Speaker 2: us throughout the day for the latest roundup of companies

80
00:03:52,520 --> 00:03:55,640
Speaker 2: making news on Wall Street and for the latest market

81
00:03:55,640 --> 00:04:00,200
Speaker 2: moving headlines. Listen to Bloomberg Radio Live, catch us on YouTube,

82
00:04:00,240 --> 00:04:03,720
Speaker 2: Bloomberg dot com, and on Applecarplay and Android Auto with

83
00:04:03,800 --> 00:04:05,240
Speaker 2: the Bloomberg Business app.

84
00:04:09,600 --> 00:04:09,920
Speaker 1: Mm HM