Speaker 1: Bloomberg Audio Studios, podcasts, radio News.
Speaker 2: The Stock Movers Report, your roundup of companies making moves
Speaker 2: in the stock market, harnessing the power of Bloomberg Data.
Speaker 1: Let's take a look at some stocks on the move today.
Speaker 1: I'm Tim Steneveek, joined by Nora Melnda. She's Bloomberg Television
Speaker 1: Markets correspondent. Nora. No shortage of things moving, especially late
Speaker 1: in the session today.
Speaker 3: Lots going on. At the end of the session today,
Speaker 3: I was looking at shares of Disney. Let's take her
Speaker 3: ds here. We looked at Cheers that fell one percent
Speaker 3: at the closing bell. But it was interesting because, of
Speaker 3: course what we saw right as we were about to
Speaker 3: hit the close today is the fact that Jimmy Kimme
Speaker 3: Alive will actually be returning to airways after backlash. This
Speaker 3: will be resuming back on Tuesday. Of course, we know
Speaker 3: that the ABC late night host was really pushed away
Speaker 3: off the show, and so we're really seeing him coming back.
Speaker 3: And it's really been after the fact that there's been
Speaker 3: so much prote ask, so much uncertainty about what was
Speaker 3: going to happen with Jimmy Kimil and whether or not
Speaker 3: the show would be able to continue here. But we
Speaker 3: did see this news come out, and we did see
Speaker 3: the stock pairing some of his declines, but of course
Speaker 3: still ending there in the red.
Speaker 1: Yeah, I fell as much as two percent in the
Speaker 1: session and then bounced from that later in the session
Speaker 1: when we got that news. The Bloomberg News team reporting
Speaker 1: that Jimmy Kimo will address the controversy when he returns
Speaker 1: to the stage. That's according to people with knowledge of
Speaker 1: the matter who asked not to be identified. Something tells
Speaker 1: me the story is not over yet, though not.
Speaker 3: Over at all here. Also looking at shares of Oracle,
Speaker 3: let's take a look there, chick her there o rcl
Speaker 3: it earlier hit an entranty record. Of course, we know
Speaker 3: this stock has really been in the news quite a
Speaker 3: bit recently. It settled about a gain of six point
Speaker 3: three percent at the close today. But this is after
Speaker 3: the idea that TikTok's algorithm is going to be secured
Speaker 3: by the company under a Trump deal here, so Oracle
Speaker 3: with provide security and help oversee the recreation of a
Speaker 3: new US version of TikTok's algorith them great news for them,
Speaker 3: especially as you think about all these companies right now
Speaker 3: clamoring for any sort of access to take text algorithm.
Speaker 3: Considering all all that they've really gained over the past
Speaker 3: year and all the attraction.
Speaker 1: Yeah, it's been really at the center of so many
Speaker 1: different stories. There's some executive shuffle there today as well. Saffracats,
Speaker 1: the company's longtime CEO all the way back since twenty fourteen,
Speaker 1: and she led the company with Mark Hurd until twenty nineteen.
Speaker 1: She is taking a step back and a few other
Speaker 1: folks are going to be stepping in in her place.
Speaker 1: Clay Magarook and Mike cecilia Are will become the co
Speaker 1: chief executive officers, signaling the company's focus on its rapidly
Speaker 1: expanding cloud computing business. So lots of news in the
Speaker 1: cloud world. Much to cover there, okay, from the clouds
Speaker 1: down to the ground. Because you in your DNA you
Speaker 1: cover homebuilders absolutely.
Speaker 3: Looking at shares. You can never escape it, never escape,
Speaker 3: it doesn't matter what we talk about. Have to bring
Speaker 3: it back to the US housing market here. Let's look
Speaker 3: at shares of Lenar. They close lower by four point
Speaker 3: three percent at the closing bell today, and this after
Speaker 3: Raymond James and Analys over there cut the recommendation on
Speaker 3: the homebuilder to underperform from market perform. Of course, we
Speaker 3: know this company reported earnings sometime last week, but this
Speaker 3: is actually the lone bearish voice that we're seeing on
Speaker 3: the company here, according to data that we have at Bloomberg,
Speaker 3: and they're essentially saying that they believe that the market
Speaker 3: is underestimating the timeline that it may take for Lenard
Speaker 3: to restore its margins and also return to historical averages.
Speaker 3: So it's really interesting, especially as we think about the
Speaker 3: backdrop right now in the economy, what it looks like
Speaker 3: for the average home buyer right now, and you know
Speaker 3: a lot of the strains that are really on the
Speaker 3: average consumer right now, and it seems as though the
Speaker 3: report that we saw from Lanar last week definitely echoed
Speaker 3: those sentiments.
Speaker 2: The Stock Mover's report from Bloomberg Radio. Check back with
Speaker 2: us throughout the day for the latest roundup of companies
Speaker 2: making news on Wall Street and for the latest market
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