WEBVTT - Closing Bell: SpaceX Soars, Nvidia Jumps, Fiserv Drops

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

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<v Speaker 2>This is the closing bell on the stock movers report

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<v Speaker 2>the company's making moves at the close of US trading

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<v Speaker 2>with Carol Masser, Tim Stenobeck, Romain Bostik, and Katie Greifel.

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<v Speaker 3>All right, let's go to some of the individual gainers,

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<v Speaker 3>if I may. In the Monday trade, got to talk

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<v Speaker 3>about SpaceX up another nineteen almost twenty percent in today's session,

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<v Speaker 3>so quite a run in its first two days of trading,

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<v Speaker 3>if you will, and of course jumping in their second

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<v Speaker 3>day of trading, adding to gains a blockbuster debut. On

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<v Speaker 3>on Friday, we talked about in a lot the largest

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<v Speaker 3>IPO ever company has exercised the IPOs over allotment option,

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<v Speaker 3>which lets underwriters sell an additional eighty three point three

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<v Speaker 3>million shares, so that increases the amount raised about eighty

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<v Speaker 3>six point two billion. We had some of that reporting

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<v Speaker 3>coming out. I kind of can't wait for earnings come August.

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<v Speaker 3>And so now the stock is up more than thirty

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<v Speaker 3>percent year to date, again only two days of trade.

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<v Speaker 4>I think we're going to talk about it a lot.

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<v Speaker 3>Before I would say I would say, hey, let's go

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<v Speaker 3>on over to Nvidia, because this one definitely moved to

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<v Speaker 3>the upside as well. Some rally there about three and

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<v Speaker 3>a half percent. Here, chip making giant tapping the debt

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<v Speaker 3>market for the first time in years. They're raising twenty

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<v Speaker 3>five billion from a high grade bond sale that received

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<v Speaker 3>more than three times the amount in demand, so underscoring

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<v Speaker 3>that once again investors anything to do with AI and

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<v Speaker 3>the AI boom they are interested in. I want to

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<v Speaker 3>just point out they drew about eighty five billion dollars

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<v Speaker 3>of orders, hence three times the amount that they received

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<v Speaker 3>in terms of demand. They had been targeting to raise

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<v Speaker 3>about twenty billion. According to people familiar with the matter.

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<v Speaker 3>The deal ties Oracle, Meta and Salesforce for the second

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<v Speaker 3>biggest of twenty twenty six. We see a lot of

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<v Speaker 3>tapping the debt markets that continues.

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<v Speaker 1>What do we know what rate they paid, what interest

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<v Speaker 1>rate they paid at all?

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<v Speaker 3>I was looking at it before I went in here,

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<v Speaker 3>and I don't know that.

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<v Speaker 1>I'm always is just about kind of the narrative you're

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<v Speaker 1>with some of these companies that obviously don't necessarily need

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<v Speaker 1>to borrow. But obviously when you talk about with the

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<v Speaker 1>cost of capital being so low, particularly for our high

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<v Speaker 1>grade issue are like this. It's kind of like, why

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<v Speaker 1>not just grab as much cash as you can?

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<v Speaker 3>Yeah, well, I think that's what we're seeing right at

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<v Speaker 3>this point. But bu I know they're selling it in

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<v Speaker 3>seven parts majorities, maturities ranging from two to thirty years.

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<v Speaker 1>I thought you knew off the top of your head.

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<v Speaker 1>Now you can just.

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<v Speaker 2>Move on then, Oh okay, thanks for that.

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<v Speaker 1>How was your weekend?

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<v Speaker 3>Bet so helpful? I got stuff to do. I'm too

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<v Speaker 3>busy here. Hey, Western Digital is the number one gainer

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<v Speaker 3>in the s and P five hundred and NASDAQ one hundred.

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<v Speaker 3>Morgan Stanley raising the firm's price target and Western Digital

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<v Speaker 3>to six fifty from four eighty eight to share. The

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<v Speaker 3>stock up sixteen percent here, closing at six fifty three

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<v Speaker 3>and change, so above that price target. They're keeping the

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<v Speaker 3>overweight rating on the stock, they say. Following a week

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<v Speaker 3>on the road with management, including the company's CEO and CFO,

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<v Speaker 3>the firm has an even greater conviction that hard Diest

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<v Speaker 3>drive demand is strengthening, with customers seeking visibility into twenty thirteen.

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<v Speaker 3>So yeah, that one and now performer number one s

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<v Speaker 3>and P five hundred, nows deck one hundred, Tim take

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<v Speaker 3>it away.

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<v Speaker 4>All right, Let's start with some of the worst performers

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<v Speaker 4>in the S and P five hundred today. Pfiser third worst.

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<v Speaker 4>Let's call it second worst performer in the S and P.

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<v Speaker 4>Today it fell eleven percent, lowest level in more than

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<v Speaker 4>nine years. After the CEO, Michael Lyons quit to take

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<v Speaker 4>the top job at Truest Financial, Lions will take over

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<v Speaker 4>from Bill Rogers. At Truest, Bill Rodgers will stay on

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<v Speaker 4>as the bank's executive chairman will be paid forty million

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<v Speaker 4>dollars to compensate for his forfeited pay at Pfizer. Pfizer

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<v Speaker 4>replaced Lions with Attackis George Koppolis effective immediately and reafirmed

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<v Speaker 4>its financial outlook for twenty twenty six. This was a

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<v Speaker 4>surprise for a lot of people, including investors. Pfizer shares

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<v Speaker 4>fell by close to eleven percent. Fox shares and we're

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<v Speaker 4>going to talk to gither Rang and Athen in just

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<v Speaker 4>a few minutes about what exactly Fox is going to

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<v Speaker 4>do with Roku closing down a record seventeen percent, biggest

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<v Speaker 4>intrant day decline going back to when this version of

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<v Speaker 4>Fox started trading back in twenty nineteen. But Roku will

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<v Speaker 4>be bought by Fox and a deal valued out about

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<v Speaker 4>twenty two billion dollars including debt. According to terms of

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<v Speaker 4>the deal, Fox will pay ninety six dollars in cash

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<v Speaker 4>and nearly ninety seven one hundreds of Fox Class A

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<v Speaker 4>shares per Roku share. Once again, Fox Corp Shares falling

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<v Speaker 4>nine by close to seventeen percent. And finally, oil had

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<v Speaker 4>a tough day today. Fell today and including some of

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<v Speaker 4>the oil majors, x On Mobile down more than four percent.

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<v Speaker 4>Energy stocks took ahead after the US and ran SID

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<v Speaker 4>they reached an interim agreement to reopen the strait. If

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<v Speaker 4>you look at where oil is, Brent still above eighty

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<v Speaker 4>three dollars a barrel, WTI above eighty one dollars a barrel,

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<v Speaker 4>but both of those felt just about four percent today.

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<v Speaker 1>All right, I'll quick check on yield, So relatively modest

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<v Speaker 1>moves on the day here. Yields slightly lower on the

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<v Speaker 1>shorter end of the curve, slightly higher on the long

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<v Speaker 1>end of the curve. Basically we're talking about one basis

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<v Speaker 1>points either up or down across the board, so not

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<v Speaker 1>a lot of activity there, Maybe a bit of a

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<v Speaker 1>holding pattern, as people will wait to course. Kevin Walsh's

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<v Speaker 1>first appearance as FED chair behind the podium on Wednesday.

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<v Speaker 2>The Stockmover's Report from Bloomberg Radio. Check back with us

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