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Speaker 1: Bloomberg Audio Studios podcasts, Radio News, The.

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Speaker 2: Stock Movers podcast, your roundup of companies making moves in

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Speaker 2: the stock market. Harnessing the power of Bloomberg Data.

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Speaker 3: I'm Girl Masser, a long term Stanevik. Let's take a

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Speaker 3: look at some stocks on the move today. Bloomberg News

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Speaker 3: Cross aust reporter Isabelle is in the house. Let's start

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Speaker 3: with AS definitely Power.

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Speaker 4: The power firm is exploring options, including a potential sales,

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Speaker 4: sources told Bloomberg, and the stock is jumping. The ticker

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Speaker 4: is AES and you see share storing almost twenty percent.

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Speaker 4: That's the highest since November two thousand and eight, if

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Speaker 4: my sins function is correct. So AS provides renewable power

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Speaker 4: detech giants like Microsoft, Amazon and Google. So investors including

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Speaker 4: Brookfield and Blackrock have been setting AES ever since. The

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Speaker 4: company shares really lost half of their value in the

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Speaker 4: past two years. And of course that's as President Donald

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Speaker 4: Trump has put in place anti renewable policy. So get this.

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Speaker 4: AS has an enterprise value of around forty billion, So

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Speaker 4: even a leverage buyout would still racket among the biggest

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Speaker 4: of all time. Would be massive. It's a massive company. Actually,

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Speaker 4: maybe just not as known in consumer facing world. But

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Speaker 4: really I think it's an eight billion market cup or

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Speaker 4: even more.

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Speaker 3: Yeah, now nine point almost nine point four billion, especially

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Speaker 3: with the bump up today.

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Speaker 2: Yes, so I've got a.

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Speaker 1: Fleet of renewable power essets including wind and solar, as

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Speaker 1: well as two utilities in India and Ohio. We did

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Speaker 1: here yesterday during the Cabinet meeting, the Secretary of Energy

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Speaker 1: Chris Right and the President essentially speaking to each other

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Speaker 1: about the need for more oil and gas in the

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Speaker 1: US fewer renewables.

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Speaker 3: I just think it's fascinating, right, utilities energy like that

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Speaker 3: has become such a go to trade, I feel like,

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Speaker 3: or yeah, increasingly because of all of the power demands,

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Speaker 3: whether it's from the hyperscalers in AI. But it's just

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Speaker 3: an interesting, interesting trade. You know, hopefully people working at

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Speaker 3: those power and utility companies are drinking a lot of coffee.

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Speaker 3: You know, it's an important thing.

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Speaker 2: To keep, right.

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Speaker 1: Are they drinking in at Starmach?

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Speaker 3: That was a terrible transition.

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Speaker 1: I'm so love it.

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Speaker 4: You do need coffee because we have a lot of

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Speaker 4: power needed to your point, from AI and crypto, but

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Speaker 4: we have Starbucks. SBUX shares are kind of flat right now.

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Speaker 4: But Starbucks has received proposals from potential investors and it's

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Speaker 4: China business, so that's according to people familiar with the matter,

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Speaker 4: and most of whom are eyeing a controlling steak. So

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Speaker 4: China is the second second largest market of Starbucks, and

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Speaker 4: Bloomberg reported in May that the company had kicked off

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Speaker 4: a review process. So obviously now they're stifting through those

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Speaker 4: reviews and really shortlisting prospects. So this isn't Starbucks from adoption.

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Speaker 4: They obviously preferred to sell a minority steak to help

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Speaker 4: them grow their China business. And we have TD cow

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Speaker 4: and estimating that Starbucks China operations couldn't be valued at

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Speaker 4: a range of two point six billion to four point

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Speaker 4: seven billion dollars if the coffee chain is sold. So really,

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Speaker 4: Starbucks has grappled with the sluggish sales in China because

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Speaker 4: there have been many rivals and just you know, a

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Speaker 4: lackluster consumer demand, and they've been catering to the taste

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Speaker 4: of the local market. They've been slashing tea prices.

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Speaker 3: And they say, don't they drink a lot of tea?

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Speaker 4: Yes, tea, And they've been offering sugar free options sugar,

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Speaker 4: So there's that, but really it's been a struggle for them.

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Speaker 1: Initially in the trade today there was excitement about this.

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Speaker 1: Shares were up as high as three point one percent,

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Speaker 1: but given back some of those gains.

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Speaker 4: I guess uncertainty or maybe the two point six billion

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Speaker 4: to four point seven billion isn't what they were expecting.

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Speaker 4: We have CNBC reporting that it could be as much

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Speaker 4: as ten billion, so that this variety is quite huge.

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Speaker 3: I also think it would get rid of something that's

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Speaker 3: been quite an overhang on this company, because I feel

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Speaker 3: like every time Starbucks reports were like, let's take a

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Speaker 3: look at the Chinese sales.

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Speaker 1: About what we were talking about a decade ago, it wasn't

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Speaker 1: an overhanging. It was the business and the growth engine exactly.

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Speaker 1: It was like, how is China doing? The status of

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Speaker 1: tiny stores they were opening up each day? Yeah, it

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Speaker 1: was wild?

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Speaker 2: So what like?

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Speaker 4: Yeah, I do love Starbucks because it tastes the same

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Speaker 4: all over the world. Ah so if I don't get

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Speaker 4: in Asia, it's the same, I'm supposed to hear.

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Speaker 3: I like local coffee joints.

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Speaker 1: Okay. Starbucks is a market cap of about one hundred

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Speaker 1: and eight billion dollars kind of pales in comparison to

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Speaker 1: the next stop we're talking out exactly.

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Speaker 4: I think this is a stock of the day in video.

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Speaker 4: Shares are up just around two percent. The ticker is MVDA.

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Speaker 4: So it's the first company in history to achieve a

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Speaker 4: four trillion dollar market cup. Really, sum thing is that

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Speaker 4: as the kinkfin in the AI space, in the tech space,

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Speaker 4: and just in the global financial market. So earlier it

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Speaker 4: jumped as much as three percent, and that's what brought

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Speaker 4: it to that milestone. It's just a stunning rebound. Remember

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Speaker 4: deep seat. I guess no one thinks of that anymore. Really,

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Speaker 4: the stock has risen more than twenty percent this year,

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Speaker 4: and up more than one thousand percent since the beginning

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Speaker 4: of twenty twenty three.

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Speaker 3: So this was a four dollars and ninety one percent

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Speaker 3: a share stock back in March of twenty twenty. I'm

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Speaker 3: just saying.

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Speaker 1: Twenty twenty three, shares were up two hundred and thirty

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Speaker 1: nine percent. In twenty twenty four, shares were up one

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Speaker 1: hundred and seventy one percent.

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Speaker 4: I wonder how you're feeling if you're a Gensen hung

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Speaker 4: And we have Bloomberg story saying that he is meeting

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Speaker 4: top Chinese leaders as he attends an expo in Beijing,

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Speaker 4: so we can connect it back to Starbucks in China.

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Speaker 3: Well down, Weldown Bloomberg News crosss At reporter Isabelle Lee.

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Speaker 2: The Stock Movers podcast from Bloomberg Radio. Check back with

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Speaker 2: us throughout the day for the latest roundup of companies

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