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- 00:00And right now we are 2 minutes away from the end of the trading day. Romaine Bostick here with Katie Greifeld taking you through to that closing bell with a gold global simulcast. We’re joined right now by Carol Massar in the radio booth, Tim Stenovec by her side. Welcome to our audiences across all of our bloomberg platforms here on this Monday afternoon with stocks right now near session highs. I just want to know where all of you guys were this weekend because as Tim pointed out, he wanted to know where I was this weekend. I was not in Paris where any of you in Paris know. This is a big I mean, I don’t know where Romain was, but I certainly wasn’t. Can you imagine this one of these two showing up wearing the jewels? God, there was a gorgeous emerald necklace that was stolen. Can you imagine this story? Amazing. It is. It’s crazy. 7 minutes. You can do anything in that amount of time. All right. But speaking of markets, I’ll go back there. But I think his amazing story, Romain hasn’t say anything, so I’m a little suspicious. Anyway, I was thinking of you. Romain was the first first rule of our jewel heist club. And talk about the July Smallcaps outperformance. I mean, the whole markets are up, but small caps are up almost 2% in today’s. Okay, That’s today’s trade. What happens when we hear from all these companies? We’re going to hear from a lot of car companies this week. We’ll hear from General Motors and Ford. We’ll hear from Texas Instruments. We’ll, of course, get Netflix update from Netflix. So does the tone change after today all about Zions and just. That’s going to happen very soon. I’m very excited for that. And to hear, of course, what the C-suite has to say. We should point out, though, that earnings expectations are pretty much across the board have actually crept up over the last few weeks. In fact, when you look at some of the earnings revisions to the upside, some would say this is actually probably one of the strongest upcycle revisions that we’ve had in several years. So the bar being raised just a little bit here. So it’ll be interesting to see whether the companies can actually meet that bar. So far, the beats that we’ve seen in this relatively short earnings season have certainly been encouraging. They’re taking a look there at a Nasdaq composite, up more than 300 points on the day. I believe that is going to be enough potentially for a record high. Let me just double check that up 300 points or about 1.4% on the day. The S & P up 71 points or percent on the day, while the Dow Jones Industrial Average adding more than 500 points at 1.1%. And the Russell 2000 not just getting in on the action but actually leading it. 48 point upswing for the Russell 2000 up 1.9%. Yeah so nice outperformance back to the big caps I go and folks this rally today pretty broad based Katy we got 414 names in the S & P 500 higher in today’s session 85 to the downside for unchanged. Well the circle broadly says the same thing when you take a look at the sectors nine finishing in the green just two in the red communication services materials industrials those are some of your biggest winners today. Then you take a look at what didn’t do to hot consumer staples, utilities. Those are typically defensive sectors. So to see them down just a little bit here really speaks to just how risk on this Monday was. All right, guys, with all that green lots to choose from, I just want to point out. So just to be clear here, the Nasdaq 100 did close at a record high, but not the composite. Okay. Good to know. Good to know. Hey, having said that, a good reason why we saw that composite moving up on this Monday. Apple Apple shares finishing off their highs of the session, but still with a gain of just shy of 4% hitting their first record of 2025 after Loup Capital upgraded the stock to buy from hold, becoming the latest firm to say positive iPhone demand. We did have reporting out on the terminal about Apple’s latest generation of iPhones. We’re talking about the iPhone 17 series off to a faster start than usual with its most basic models surging in popularity. So, man, that was certainly a lot of momentum in today’s trade. Got to mention Cleveland-cliffs, that stock up just about 21 and a half percent today after the company posted stronger than expected earnings and disclosed a pact with another metal producer. The company said it discovered two sites with potential to produce rare earth minerals, one in Michigan, another in Minnesota, and is evaluating whether rare earth minerals can be extracted from those mines. So again, that trade, that play, we continue to see that having momentum here in 2025. Got to mentioned Zions. We are waiting that company to report earnings. That regional bank stock up 4.6% in today’s session higher after wild week last week on concerns about credit. The stock as we mentioned higher today today day gain of about 9% in today’s session after dropping 5% last week. But we’ll wait for an update on its business as it gets ready to report in any moment. And just honorable mention those rare earth and critical minerals stocks on the move, U.S. antimony among them. This after William Blair came out and talked about these companies initiating the companies at an outperform. I just had a mention because we talked to U.S. antimony today, the year that stock was up 19% in today’s session. But is a big move higher, especially for that company? That’s what is it, more than doubled so far this year? Yeah, like 400, isn’t it? Like 500%. Pretty incredible. Hey, some of the stocks in the red, not too many, but a couple prominent ones. I want to start with. Oracle down 4.9%. Shares fell for a second day in a row. They were. Fell close to 7% on Friday, down another close to 5% today. Still up, though, more than 66% so far this year. No real catalyst for this move, but again, still up more than 66% so far this year. And among the worst performers in the S & P 500 today, The worst performer in the S & P 500, though, was applovin, down 5.6%. Shares fell after the New York Post reported that state regulators have reached out to multiple short sellers in a possible preliminary probe for the mobile advertising company. The states include Delaware, Oregon and Connecticut. The report comes after news earlier this month that the FCC has been probing Applovin data collection practices. And finally, 80 hours of BNP Paribas closed down 9% today. A jury found that BNP Paribas was liable for its role in enabling genocide in Sudan, awarding about $21 million to three plaintiffs. That verdict triggering speculation that the firm will have to agree to expensive settlements, with one analyst estimating a possible settlement of as much as 0 billion. Shares in France fell close to 8%. The verdict was, quote, Specific to these three plaintiffs in any attempt to extrapolate is necessarily wrong, as any speculation regarding a potential settlement is. The bank said in part said in a statement Friday. Let’s take a quick look at yields. We did actually see prices across the board higher with most of the activity on the longer end of the curve. That pushed your 30 year yield down by about 3 to 4 basis points. Similar move today for the 20 year your ten year yield now at three, nine eight down about three basis points, guys from where it was on Friday are good stuff as we await Zions Bancorp earnings to cross the Bloomberg turn. A couple of stories on our radar. One that caught our attention. This has to do with women focus resorts are becoming kind of the next big wellness trend. We’ve talked about it a lot here on our air about the lack of R & D and attention spent to women’s health. While Canyon Ranch is getting ready to unveil its third location. And basically they’re going to focus big time on women’s wellness. Tim Yeah, this is a 600 acre ranch. It’s close to Austin, Texas. The wellness industry, though, has historically underserved women. Only 5% of global R & D funding allocated to women’s health research back in 2020. But now these companies are really seeing an opportunity for that, and they’re coming out with these targeted retreats, focusing on women and focusing on attracting women to these places. I love Canyon surrounds. I went there with my mom and my aunt when I was like a pre-teen, which was a weird vacation. Which one did you go to? We went to the one on the East Coast, like it’s like upstate somewhere, Berkshires, like outside the Berkshires. That sounds about right. It was great. That’s all I have to add. Well, I think the majority of people who go to them are women already. Yeah. So they’re just trying to broaden their appeal, not even brought in there, but focus on that demographic and dig deeper, I feel like into kind of serious health issues for women as they get older and so on or different stages of their life. Well, speaking of wellness, another story that I was keeping an eye on was kind of the the waning interests that we’ve seen and a lot of sort of wellness products, particularly in the food space, particularly when it comes to these alternative milks, if you will remember, with all the rage you get, you’re not you’re not milk, you’re oatmilk and all these things. Well, see, although they gave an interview to the Financial Times and talked a lot about just the drop that he’s seen in demand and said a lot of this, he’s blaming, at least on the lack of discussion about climate change and other things that I guess helped to sort of create this industry in the first place. I thought that I mean, at least when it came to almond milk, they got a lot of bad press for just how water intensive almonds were oat. Maybe a different story there, but I don’t know. It does just feel like one of those fads that we’ve put behind us. But if you’re the CEO of one of these companies that soared so much when this was in the cycle, as I could see, definitely be hurt locker room record. Oh, sorry. There we go. So people are fed up with climate talk, is that it? And so there’s a push back. Well, I think the idea is that we’re not putting as much ideas. We’re not putting as much focus on it like, you know, the royal we and that that means that I guess one of the main selling points of a lot of this obviously wasn’t just nutrition, but it was the idea that somehow what we were drinking was better for the environment. Whether that was true or not, who knows? But I think that just anecdotally speaking, I mean, I kind of tried all this stuff back in the early 2020s, the Beyond Meats and yeah, me too. Impossible. Yeah, but but I think a lot of people were like, wait a second, this is kind of moving away from. Yeah, single ingredient. That’s right. And it’s processed in a way that they don’t necessarily want, but that was a big thing for me, too. I mean, you know, it was like, you know, as you started to look at the ingredients in some of this stuff, you’re like, well, how is this actually better for me than just, I know, even salad or something like you said, a little bit purer. So, you know, it’s again, it’s a tradeoff. I will say the one thing I appreciate about these milks is that at least as far as I understand, you don’t have to refrigerate them. So that’s cool. But don’t take that advice right now. You don’t have to refrigerate a cow either. They just live outside. Get true, but you should refrigerate cow milk. I don’t know. I don’t see why. You should just drink tequila. Okay, let’s just put it out there.
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October 20th, 2025, 9:00 PM GMT+0000
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