WEBVTT - Molina, Under Armour jump; OceanFirst Falls

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<v Speaker 1>Bloomberg Audio Studios, podcasts, radio news.

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<v Speaker 2>The Stock Movers Report, your roundup of companies making moves

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<v Speaker 2>in the stock market. Harnessing the power of Bloomberg Data.

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<v Speaker 3>Let's take a look at some of the stocks on

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<v Speaker 3>the move. We can do that, bloombergs Natalia Keanan Jevich, Natalie,

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<v Speaker 3>what are you looking at today in the marketplace?

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<v Speaker 4>Yeah, let's start with Meta. Shares are up by almost

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<v Speaker 4>two percent. Meta has agreed to buy Manus. This is

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<v Speaker 4>a single pore based AI start up with Chinese roots.

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<v Speaker 4>The deal values Manus at about two billion dollars. This

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<v Speaker 4>is according to sources familiarle bit Matter, who also told

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<v Speaker 4>Bloomberg that this deal was struck in just about ten days.

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<v Speaker 4>So according to the statement, Meta wants to continue operating

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<v Speaker 4>and selling Manus service, but also it wants to integrate

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<v Speaker 4>these services into its own products. This startup is backed

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<v Speaker 4>by some of the biggest Chinese names, including ten Cent,

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<v Speaker 4>and it has AI agent which can do different tasks

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<v Speaker 4>like screening resumes or analyzing stocks, so it is a

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<v Speaker 4>profitable business. Manus had an annual revenue of one one

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<v Speaker 4>hundred and twenty five million dollars earlier this year. This

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<v Speaker 4>is from selling, of course, its products, and it's also

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<v Speaker 4>a good indicator because Mad can get immediate returns after

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<v Speaker 4>this acquisition. I'm just curious why Chinese or Singapore based

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<v Speaker 4>startup not US, because we have so many similar startups

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<v Speaker 4>here and.

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<v Speaker 3>They're all over the place. You never know where you're

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<v Speaker 3>going to find it.

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<v Speaker 1>But diversification, sure, maybe.

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<v Speaker 4>Cheaper, maybe cheaper yep.

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<v Speaker 1>And you know what. Dan Ives was on with Paul

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<v Speaker 1>again earlier in Alexis and made a really good point,

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<v Speaker 1>which was that for many years China has been ahead

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<v Speaker 1>of the US on a number of technologies. He would say,

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<v Speaker 1>he said, you know, you'd go to Taiwan and see

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<v Speaker 1>what they were doing, and you'd come back to New

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<v Speaker 1>York and see somebody get into a fight at the

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<v Speaker 1>dunkin donutsks. Right now, we're ahead in this tech or

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<v Speaker 1>so we tell ourselves.

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<v Speaker 3>Right, Yeah, I'm not sure how you measure that, but

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<v Speaker 3>that's how it feels. How about Tesla.

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<v Speaker 4>Tesla, Yes, so shares are actually down today after the

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<v Speaker 4>company posted estimates for vehicle deliveries which came Actually shares

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<v Speaker 4>are mostly flat, we should say, are more pessimistic compared

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<v Speaker 4>to data from Bloomberg. So by Tesla's count, analysts on

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<v Speaker 4>average expect the company to deliver slightly above four hundred

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<v Speaker 4>and twenty two thousand vehicles in the fourth quarter. That

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<v Speaker 4>would show at fifteen percent decline versus a year ago.

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<v Speaker 4>Bloomberg calculations showed that that could potentially be a ten

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<v Speaker 4>percent decline. Tesla is, of course, on pace to post

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<v Speaker 4>a second straight year of vehicle sales declines. And we

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<v Speaker 4>know that there was some rush in the third quarter

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<v Speaker 4>to buy cars ahead of this tax credit.

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<v Speaker 3>Yeah, a little pool pull ahead there that's probably playing out there.

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<v Speaker 3>What's this next one? Heretf Yeah, it's awesome.

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<v Speaker 4>Twenty four our shares that software company exactly. So I

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<v Speaker 4>think this is Matt's favorite sector of software services.

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<v Speaker 1>Software services are going to get eaten by AI, you know,

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<v Speaker 1>That's what I think. I could be wrong. I could

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<v Speaker 1>be wrong, because I've noticed lately really access to data

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<v Speaker 1>is a huge is a huge point, you know, because

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<v Speaker 1>I'm always looking for cars in the aftermarket, and I

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<v Speaker 1>look on an auto trader, and I look at car Gurus,

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<v Speaker 1>and I look at cars dot com, and when I

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<v Speaker 1>use Chat, GPT or Google Gemini, it's useless it's absolutely powerless,

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<v Speaker 1>and even the AI box will say, hey, listen, we

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<v Speaker 1>don't have any access to the data. So interesting if

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<v Speaker 1>you're a SaaS company and you have also an interesting

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<v Speaker 1>data set, like for example, there's a company called gong

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<v Speaker 1>Right which has access to customer feedback that no one

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<v Speaker 1>else has. And I always thought, well, gong is going

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<v Speaker 1>to get destroyed by AI, but maybe not because no

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<v Speaker 1>one else has all that data.

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<v Speaker 3>All the day, it's all about the data as we

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<v Speaker 3>know about.

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<v Speaker 1>So what's this company on.

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<v Speaker 4>So shares are up by thirty seven percent today after

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<v Speaker 4>the company agreed to be bought by Cevent and other

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<v Speaker 4>software solutions company for a total consideration of about four

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<v Speaker 4>one hundred million dollars in cash and expects to close

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<v Speaker 4>transaction in the second half of twenty twenty six. However,

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<v Speaker 4>it is a little bit strange because we see this

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<v Speaker 4>huge jump in stock prices, but the company when it

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<v Speaker 4>reported earnings last time, they already said that they received

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<v Speaker 4>some proposals. Okay, so maybe it is a surprise for

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<v Speaker 4>some people.

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<v Speaker 2>The Stock Movers report from Bloomberg Radio. Check back with

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<v Speaker 2>us throughout the day for the latest roundup of companies

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