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Paul Sweeny and Scarlett Food here Bloomberg Intelligence on Bloomberg Radio, where streaming live on YouTube? What's going on in terms of m and A. So for that, let's bring in Christina Quino Bloomberg News to take a look at some stocks on the move. And Christine, you are starting with Blackrock. Yeah, let's take a look at Blackrock. That's having a good day.
So ticker b LK shares are of just over one percent, but earlier up as much as one point nine percent. And that is because we did get used that BlackRock's global infrastructure partners agreed to buy Aligned data centers. So that's currently owned by Macquarie Acid Management. It's going to be a forty billion dollar deal and yet another example of just how much firms really want to get into this data center trade.
You know what's funny, I thought this was a huge deal. So I email Neil SIPs Bloomberg Intelligence and also covers black Rock, and I said, Neil, it's just a big dealer says, eh, it's a drop in Blackrock. They make these kind of bets all the time, which I thought was funny. So I guess that's the world we live in here.
Exactly Like everybody just wants to get into this data centered trade and yeah, exactly right, right, Like forty billion doesn't seem like it's a lot of money to spend, especially when you consider the expected return from this space in the AI theme. And so yeah, so the idea is that you know, Aligned, it's it's based in Texas, operates throughout the US South America, fifty campuses and seventy data centers under management. Interestingly, Blackrocks partners in this investment.
Guess who? Microsoft and Advice?
Yeah, good partners.
Good partners. Probably though we'll fuel some of those circlear funding concerns that we've seen permeate the market space over the last week or so. But anyway, that is due well for Blackrock shares today.
And you're looking at Stilantis as well.
Yes, let's take a look at Solantis to STLA shares also doing well this morning, up now more than one point three percent, so extending some of those early morning gains. So this is the maker of jeep SUVs, and they've been struggling to gain market share in the US for a while, and so now they vow to invest thirteen billion dollars in the US markets over the next four years. And you know, they're saying that this is their single
largest investment in more than one hundred years. Analysts are seeing this as a move to counteract any pain from terrafs because in July Slanti is estimated that their hit from Terras is probably going to be the equivalent of
one point seven billion at least for this year. Bloomery Intelligence is away and still saying, you know, they would like more details about this investment, especially because it's not clear if, okay, is this actually a new investment or is this just part of their cap explan which is
currently estimated at about ten billion euros. So it's comparable, you know, right, and last time Morgan Stanley, Morgan Stanley, we got those results today and shares are doing well, so tick her ms and we're now seeing that stock up more than six percent, you know, stock traders definitely the headline figure four Morgan Stanley's earnings. They exceeded revenue expectations in the third quarter with more than four billion
dollars of revenue. But the chair on top of the Sunday is the fact that they beat Goldman Sachs So goldin Sacks comparable stock trading revenue only three point seventy four billion. I say only, but you know so this is something definitely that Morgan Stanley Traders will use as bragging rights at least until the next earning season. Advestment banking fees also rose forty four percent. Wealth Business is
doing well. They're exceeded revenue estimates. They pulled in eighty one billion dollars in new assets and recorded a pre tax profit margin of forty percent. Wealth Parker's Mike may A weighing in, saying that the equities revenue was best in class.
This stock mover's report from Bloomberg Radio. Check back with us throughout the day for the latest roundup of companies making news on Wall Street and for the latest market moving headlines. Listen to Bloomberg Radio Live, catch us on YouTube, Bloomberg dot com, and on Applecarplay and Android Auto with the Bloomberg Business app.