CME Group Dips After Outage; Tilray Tumbles; Oracle Declines - podcast episode cover

CME Group Dips After Outage; Tilray Tumbles; Oracle Declines

Nov 28, 20253 min
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Episode description

On this episode of Stock Movers:


- Shares of CME Group (CME) dipped in the premarket session after trading of futures and options on the Chicago Mercantile Exchange was halted by a data-center fault, causing hours of disruption to markets across equities, foreign exchange, bonds and commodities. The malfunction was caused by cooling system problems at a data center in the Chicago area, according to facility operator CyrusOne. Engineering teams have restarted several chillers and deployed temporary cooling equipment, a spokesperson said, without giving a time for the resumption of normal operations.


- Shares of Tilray Brands (TLRY) fell ahead of the US market open after the cannabis company announced that it will implement a one-for-ten reverse stock split of its common stock. The reverse stock split is expected to be effective after the markets close on December 1st, and shares of TLRY’s common stock will begin trading on a split-adjusted basis under the same symbol when the markets open on December 2nd, according to a press release.


- Shares of Oracle (ORCL) declined in early trading after Morgan Stanley warned a gauge of risk on Oracle Corp.’s debt reached a three-year high in November, and things are only going to get worse in 2026 unless the database giant is able to assuage investor anxiety about a massive artificial intelligence spending spree. A funding gap, swelling balance sheet and obsolescence risk are just some of the hazards Oracle is facing, according to Lindsay Tyler and David Hamburger, credit analysts at the brokerage. The cost of insuring Oracle Corp.’s debt against default over the next five years rose to 1.25 percentage point a year on Tuesday, according to ICE Data Services.

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Transcript

Speaker 1

Bloomberg Audio Studios, podcasts, radio news, The Stock Mover's Report, your roundup of companies making moves in the stock market. Harnessing the power of Bloomberg Data. Let's take a look at some stocks on the move today. I'm Tim Keen with Paul Sweeney and Bloomberg's Lisa Matteo. Is there anything moving today for your podcast?

Speaker 2

Yes, of course it is Sammy grow Yes, speakers Sea me gotta go there. Their shows have been down nearly one percent. Yes, we all know. A trading of future's options on the Chicago mercantilea change halted by this data center fault. The outage hours of disruption markets across equities, foreign exchange, bonds, commodities. The culprit was this cooling system problems at this data center in Chicago, near the Chicago area engineering teams. They restarted several chillers, they used temporary

cooling equipment. They did what they can and things are back up and running. But it's actually not the first time this has happened. No, there was an outage that was almost it was similar, but this one was longer, and the last one was back in twenty nineteen, but it halted trading US treasury futures. You had European and

UK bond markets that's trade on a different exchange. They weren't affected, but it just wasn't the news that the markets needed because November has really been this volatile month for equities. We're also keeping eye on two because of that, and my SE New York Stock Exchange owner Intercontinental Exchange, which is taker IC. Their shares were up nearly one percent. NASAK ticker NDAQ, those shares were down about half a percent. So I want to go there and go to what's really like a stock.

Speaker 1

On the move.

Speaker 2

It's till Rey Brands. Yes, Tlry. Their shares have been down as much as fifteen percent. It's a cannabis company, right, So they unveiled this reverse stock split. It's a one for ten reverse stock split. Shares have begin trading on a split adjusted basis on December second, so that's the date they put. So they said that it's going to reduce the number of its shares to one hundred and six teen million from about one point one six billion, but they just, I mean, it's gonna make it shares

more attractive to institutional shareholders. So that's what they're saying, next, what do you go? All right, I gotta go Oracle ticker orcl Their shares have been down as much as two percent. This was a story from a few days, but it's still kind of affecting the stock. Morgan Stanley said, a gauge of risk on Oracle's debt reached a three year high in November, so they're putting up this morning. They say things could only get worse than twenty twenty six and less Oracle is able to kind of calm

that investor anxiety about this massive AI spending spree. It's a spending spree.

Speaker 1

They're worried about 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.

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