00:00Alexis Christophers.
00:01Let's start with Oracle, because it is down more than 9% here pre-market.
00:05Let's remember, though, the stock is up 35% in just the past three months.
00:09So Oracle, after yesterday's closing bill, out with a really solid quarterly earnings report,
00:14a strong AI growth.
00:15But what Wall Street's fixating on, and we see this with a lot of companies,
00:18is what's it going to be spending on?
00:20What are its capital expenses going forward?
00:22It plans to spend $70 billion.
00:25That is much more than Wall Street was expecting.
00:28And, you know, it's a data-based software company,
00:30but it's been refashioning itself as this provider of computing power
00:34for artificial intelligence work.
00:36So it's embarking on this massive build-out of data centers for,
00:40really, its most important customer, which is OpenAI.
00:43And so we've got shares of Oracle under pressure today, like I said, down more than 9%.
00:50All right, let's move on to Hugo Boss.
00:54The silence you just heard is important, folks.
00:57Our terminals, the Bloomberg Terminal is this concentration, and we all do this.
01:02Alexis does it, Paul does it, where we're almost frozen by the thickness of the news flow.
01:08Yeah.
01:09It's amazing.
01:10And it's relentless.
01:11And H-H-H-Line.
01:12That's kind of what I do.
01:13And H-H-H-H-E-D, and it just gets overwhelming.
01:14And it's overwhelming, the funnel of news coming in.
01:18That was rude of me not to comment.
01:20Well, I don't take it personally.
01:21Well, I know you don't take it personally, but, you know, I mean, you're not helping me.
01:26They want to rename that bill OG, and I'm pushing against it.
01:30Give us another stock to save the moment.
01:32I'm all for it.
01:33All right, let's go to Hugo Boss and throw a little fashion into our morning.
01:37So this stock is up 9%.
01:39Frazier's Group of England, it's a British-based company, of course, looking to buy the rest of Hugo Boss.
01:45It doesn't already own, for $2.3 billion, this is Frazier, of course, backed by billionaire Mike Ashley.
01:51They already own about 26% of Hugo Boss, but Boss has been going through it.
01:56You know, they've been hit by softer demand in China because they have those high-end suits, you know, high
02:01-end threads.
02:02Persistent weakness in women's wear, because they're not just a men's wear company.
02:06Frazier owns Sports Direct already.
02:09They want to add Hugo Boss to the portfolio.
02:11They made an all-cash bid for the German label, and Bloomberg Intelligence is saying, you know, at a 4
02:17% premium,
02:18they're not so sure shareholders are going to go for it, but that there's nobody else really waiting in the
02:22wings,
02:23and something needs to happen for Hugo Boss.
02:25We asked Julia Wilson today, this at KPMG, about a roll-up in all this fashion stuff,
02:30and she said, yeah, that's sort of the tendency.
02:32I have to, yeah, it's getting smaller, you know.
02:34The industry's getting smaller.
02:35One of my trips over to London for Bloomberg, I forgot to pack the dress shoes.
02:40That's a problem.
02:41Hugo Boss Store in our building opened up early.
02:44I got my shoes.
02:45Since then, I've been a huge fan of Hugo.
02:46Full service.
02:47Yes, exactly.
02:47I love it.
02:48Let's stick with fashion and go Stitch Fix, the online personal styling service, up 1.3%.
02:54It looks like the turnaround started by their CEO, Matt Baer, a couple years ago, is finally taking hold.
03:00They have reversed a decline in clients.
03:03They're revamping their personal shopping features, improving the consumer experience.
03:07They're posting year-over-year revenue growth, quarter-over-quarter active client growth.
03:12Still down year-over-year, by the way, on active client growth.
03:15Some of the newest ways for clients to shop and engage, AI, of course.
03:19It's using AI-powered style visualization tools.
03:22I don't know what that means, but it sounds awfully fancy.
03:25And things like that are bringing people back, you know, highly customized shopping experiences,
03:30bringing people back to Stitch Fix.
03:32Good luck.
03:32Good luck.
03:32Good luck.
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