1 00:00:02,520 --> 00:00:09,040 Speaker 1: Bloomberg Audio Studios podcasts, radio news, The. 2 00:00:08,880 --> 00:00:13,160 Speaker 2: Stock Movers podcast, your roundup of companies making moves in 3 00:00:13,200 --> 00:00:16,480 Speaker 2: the stock market, harnessing the power of Bloomberg Data. 4 00:00:17,600 --> 00:00:19,040 Speaker 3: Let's take a look at some of the stocks on 5 00:00:19,079 --> 00:00:22,120 Speaker 3: the move today on Paul Sweeney alongside Lisa Matteo. We're 6 00:00:22,160 --> 00:00:24,720 Speaker 3: joined by bloombergs Christina Christine. What are you looking at today? 7 00:00:24,960 --> 00:00:27,440 Speaker 1: Well, Paul, let's take a look at Core Weave today 8 00:00:27,480 --> 00:00:32,440 Speaker 1: ticker CRWV. So looking at those shares today, that's the 9 00:00:32,680 --> 00:00:35,279 Speaker 1: more than four percent that's after Core We've said that 10 00:00:35,360 --> 00:00:38,240 Speaker 1: it has agreed to buy Core Scientific and an all 11 00:00:38,240 --> 00:00:42,120 Speaker 1: stock deal worth about nine billion dollars. So that transaction 12 00:00:42,280 --> 00:00:46,200 Speaker 1: values Core Scientific stock at twenty dollars and forty cents 13 00:00:46,240 --> 00:00:49,080 Speaker 1: per share, which is a sixty six percent premium of 14 00:00:49,280 --> 00:00:51,120 Speaker 1: closing price on June twenty five, So that was the 15 00:00:51,360 --> 00:00:54,400 Speaker 1: last rating day before the Wall Street Journal reported that 16 00:00:54,560 --> 00:00:57,120 Speaker 1: the two companies were in advanced talk. So our Blooming 17 00:00:57,160 --> 00:01:00,480 Speaker 1: Intelligence analysts are weighing in on this. They're saying that 18 00:01:00,000 --> 00:01:04,640 Speaker 1: that price does represent a premium of around eleven times 19 00:01:04,640 --> 00:01:07,360 Speaker 1: the twenty twenty six sales, but makes sense for both 20 00:01:07,360 --> 00:01:10,920 Speaker 1: companies strategically and given its method of payment, which is 21 00:01:10,959 --> 00:01:13,119 Speaker 1: all stock. And you know, as we know, Corey has 22 00:01:13,120 --> 00:01:17,000 Speaker 1: had its challenges, It had a dismal IPO. So perhaps 23 00:01:17,120 --> 00:01:19,600 Speaker 1: is its attempt to recover from that. But investors so 24 00:01:19,680 --> 00:01:21,800 Speaker 1: far giving this deal a bit of a thumbs down. 25 00:01:21,880 --> 00:01:24,920 Speaker 1: Shares lower today. Okay, Now what about Tesla. We've been 26 00:01:24,920 --> 00:01:28,040 Speaker 1: talking about Tesla a lot. I guess Elon mun Musk 27 00:01:28,200 --> 00:01:29,319 Speaker 1: is running his mouth again. 28 00:01:29,400 --> 00:01:30,520 Speaker 3: Is that what's killing on here? 29 00:01:31,080 --> 00:01:33,320 Speaker 1: Yeah, you can call it that, Lisa. But yeah, as 30 00:01:33,440 --> 00:01:38,679 Speaker 1: as Charlie Pella mentioned earlier, Elon Musk again trying to 31 00:01:38,680 --> 00:01:41,680 Speaker 1: get involved in politics. Right, so Tesla taker t SLA 32 00:01:42,360 --> 00:01:44,600 Speaker 1: shares down currently more than seven percent at the moment. 33 00:01:44,680 --> 00:01:47,840 Speaker 1: And yet that's exactly it, right, ELA's foray back into 34 00:01:48,080 --> 00:01:52,200 Speaker 1: the political sphere not necessarily landing well with investors. We 35 00:01:52,240 --> 00:01:56,760 Speaker 1: did see William Belair analyst Jed Drsheimer downgrading Tesla to 36 00:01:56,840 --> 00:01:59,320 Speaker 1: do equivalent of a whole in saying that investors are 37 00:01:59,320 --> 00:02:01,800 Speaker 1: growing tired of the distraction at a point when the 38 00:02:01,800 --> 00:02:05,600 Speaker 1: business needs Musk's attention. We also had Dan Ives weighing 39 00:02:05,640 --> 00:02:08,920 Speaker 1: in earlier in Bloomberg Surveillance, saying that perhaps the board 40 00:02:08,960 --> 00:02:12,680 Speaker 1: of Tesla might need to take action given Elon's activity, 41 00:02:12,760 --> 00:02:13,639 Speaker 1: so we'll see about that. 42 00:02:13,639 --> 00:02:17,960 Speaker 3: That would be interesting because when we think about Tesla, 43 00:02:18,040 --> 00:02:20,800 Speaker 3: you think Elon Musk. I mean like almost like no 44 00:02:20,919 --> 00:02:24,639 Speaker 3: other company. Yeah, hesnomical person exact risk there, so I 45 00:02:24,680 --> 00:02:26,720 Speaker 3: can't imagine the board doing something that'd be interesting. 46 00:02:27,720 --> 00:02:31,839 Speaker 1: Expedia, Yeah, let's look at Expedia ticker e XPE. Those 47 00:02:31,840 --> 00:02:34,800 Speaker 1: shares of just about one percent at the moment, because 48 00:02:34,800 --> 00:02:37,880 Speaker 1: we did get it's price. Starcus raised to one seventy 49 00:02:37,880 --> 00:02:40,640 Speaker 1: eight dollars from one pin forty nine browsy at Wells Fargo, 50 00:02:40,720 --> 00:02:44,079 Speaker 1: so that's about in line with its current price. It 51 00:02:44,120 --> 00:02:47,040 Speaker 1: is reporting results on the eighth of August, so a 52 00:02:47,080 --> 00:02:50,280 Speaker 1: little while to go, but you know, investors analysts looking 53 00:02:50,280 --> 00:02:52,720 Speaker 1: forward to that. Bloomberg Intelligence saying that it's business to 54 00:02:52,800 --> 00:02:56,520 Speaker 1: consumer segment is under pressure due to significant exposure to 55 00:02:56,520 --> 00:02:59,040 Speaker 1: just softening US travel markets, So we'll see what those 56 00:02:59,240 --> 00:03:01,160 Speaker 1: share soults reveal in August. 57 00:03:02,480 --> 00:03:06,840 Speaker 2: The Stockmovers podcast from Bloomberg Radio check back with us 58 00:03:06,840 --> 00:03:09,799 Speaker 2: throughout the day for the latest roundup of companies making 59 00:03:09,840 --> 00:03:13,440 Speaker 2: news on Wall Street and for the latest market moving headlines. 60 00:03:13,560 --> 00:03:17,520 Speaker 2: Listen to Bloomberg Radio Live Catch us on YouTube, Bloomberg 61 00:03:17,560 --> 00:03:20,360 Speaker 2: dot com, and on Applecarplay and Android Auto with the 62 00:03:20,400 --> 00:03:21,760 Speaker 2: Bloomberg Business app.