If you place the wire near a permanent magnet, this temporary magnetic field interacts with the permanent magnet field. You will know that two magnets placed near one another either attract or repel. In the same way, the temporary magnetism around the wire attracts or repels the permanent magnetism from the magnet, and that is what causes the wire to jump.
Avoid splicing motor power cables when ever possible. Ideally, motor power cables should run continuous between the drive and motor terminals. The most common reason for splicing is to incorporate high-flex cable for continuous flexing applications.
Think of the atoms of magnetic material as an unruly herd of cattle. Running electric current through the material will polarize these atoms, creating the magnetic field. But as I mentioned, this is an unruly herd, so it takes time for the current to bring all those atoms into formation.
If you are confused by me saying that the current flows from positive to negative, that just happens to be a historical convention. People like Benjamin Franklin, who helped figure out the mystery of electricity back in the 18th century, believed it was a flow of positive charges, so it flowed from positive to negative. We call this idea conventional current and still use it to this day in things like Fleming Left-Hand Rule.