Closing Bell: FedEx Rallies, Apple Rises, Oracle Rises on Meta AI Cloud Deal
Sep 19, 2025
FedEx shares surged after announcing earnings, despite facing significant tariff impacts. Apple showcased strong demand for the iPhone 17 with long lines at stores globally. The release included new models and updates, revitalizing the brand. Meanwhile, Oracle is eyeing a $20 billion deal with Meta for AI cloud services, reflecting the tech sector's ongoing evolution. The market also noted some declines, particularly in retail and Treasury yields, hinting at shifting investor sentiments.
06:22
forum Ask episode
web_stories AI Snips
view_agenda Chapters
auto_awesome Transcript
info_circle Episode notes
insights INSIGHT
FedEx Reinstates Guidance Despite Tariff Hit
FedEx beat adjusted EPS and reinstated full-year guidance despite ongoing trade volatility and tariff impacts.
The company still expects a $1 billion hit this year largely from lower China-US shipments and customs costs.
question_answer ANECDOTE
Seeing Tim Cook At The Store
Carol Massar mentioned she was at an Apple store and briefly saw Tim Cook, noting heavy security around him.
She described the store vibe and the difficulty of getting close to him.
insights INSIGHT
Strong Demand For Multiple New iPhone Designs
Apple launched multiple new iPhone 17 designs and other devices, driving strong demand and long store lines worldwide.
It's the first multi-design rollout since 2020, prompting many upgrades from older models.
Get the Snipd Podcast app to discover more snips from this episode
Listen for comprehensive cross-platform coverage of the US market close as heard on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Katie Greifeld, Carol Massar and Tim Stenovec.
- FedEx (FDX) shares rallied the day after it announced earnings. It expects a $1 billion hit from trade volatility this year, underscoring the impact of President Donald Trump’s tariffs and the loss of a key exemption for low-value goods. Most of that reduction to adjusted operating profit stems from lower shipments from China to the US — a highly profitable shipping lane that’s been hit hard by tariffs. About $300 million is due to the higher cost of clearing goods through customs, according to FedEx Chief Financial Officer John Dietrich. Investors embraced that the company reinstated full-year guidance.
- Apple (AAPL) shares rose as its new iPhone 17 sales opened to strong demand for pro models. It’s the first time since 2020 that Apple has rolled out several new phone designs. Alongside the new handsets, it also released into stores the Apple Watch SE, Watch Series 11, Watch Ultra 3 and AirPods Pro 3. The new phones, which bring a fresh look in addition to battery life and camera improvements, attracted long lines at Apple stores from Hong Kong to London to New York to Los Angeles. At the Fifth Avenue location in Manhattan, a line for walk-ins — people who hadn’t preordered a device to pick up — wrapped around the block, extending to Madison Avenue. Multiple shoppers interviewed by Bloomberg News indicated they were upgrading belatedly from Apple’s four-year-old iPhone 13 series.
- Oracle (ORCL) shares rose on reports its in in discussions with Meta Platforms for a cloud computing deal worth about $20 billion, providing further evidence that the company has become a significant infrastructure provider. Under the multiyear deal, Oracle would provide the social media giant with computing power for training and deploying artificial intelligence models, according to people familiar with the talks. The total commitment amount may increase and other deal terms could still change before a final agreement, said the people, who asked not to be named because the discussions were private.
Stock Movers