WEBVTT - The Stock Movers Podcast from Bloomberg

0:00:00.120 --> 0:00:03.720
<v Speaker 1>Hi, I'm Barry Ridholts introducing you to the new stock

0:00:03.760 --> 0:00:07.840
<v Speaker 1>Movers podcast from Bloomberg. The show brings you short episodes

0:00:08.000 --> 0:00:11.720
<v Speaker 1>five minutes or less, covering the stocks making gains and

0:00:11.760 --> 0:00:16.480
<v Speaker 1>losses in today's trading. Subscribe to Stock Movers on Apple, Spotify,

0:00:16.720 --> 0:00:20.120
<v Speaker 1>or anywhere you get your podcasts. Here's a sample of

0:00:20.160 --> 0:00:23.439
<v Speaker 1>the latest episode from our team at Bloomberg.

0:00:23.400 --> 0:00:30.320
<v Speaker 2>Bloomberg Audio Studios, Podcasts, Radio News.

0:00:31.960 --> 0:00:36.360
<v Speaker 3>The Stock Movers podcast your roundup of companies making moves

0:00:36.400 --> 0:00:39.800
<v Speaker 3>in the stock market, harnessing the power of Bloomberg data.

0:00:41.440 --> 0:00:43.280
<v Speaker 4>Let's take a look at some stocks in the move

0:00:43.520 --> 0:00:46.879
<v Speaker 4>on this Tuesday. Bloomberg News Equities reporter Normal Linda on

0:00:46.960 --> 0:00:50.440
<v Speaker 4>Tuesday stock Movers. So Newsmax, Yeah, I mean, how could

0:00:50.440 --> 0:00:52.280
<v Speaker 4>you not talk about Newsmax today.

0:00:52.400 --> 0:00:54.319
<v Speaker 5>I just think it's such an insane number. That's why

0:00:54.360 --> 0:00:57.680
<v Speaker 5>I love talking about flowers. Right, So, we're seeing Newsmac

0:00:57.720 --> 0:01:02.160
<v Speaker 5>shares that ended for triple digit gains today, up one

0:01:02.200 --> 0:01:05.440
<v Speaker 5>hundred and seventy nine percent. We know, of course that

0:01:05.480 --> 0:01:09.000
<v Speaker 5>Newsbacks is owned by a former New York Post journalist,

0:01:09.959 --> 0:01:13.720
<v Speaker 5>Christopher Ruddy, and this company really got a lot of

0:01:13.800 --> 0:01:16.240
<v Speaker 5>traction during the election time. Period they run up to

0:01:16.280 --> 0:01:20.080
<v Speaker 5>the election, as people were tuning into conservative media ahead

0:01:20.200 --> 0:01:24.760
<v Speaker 5>of President Trump's presidential election. This company iPod yesterday and

0:01:24.800 --> 0:01:27.200
<v Speaker 5>listed on the New York Stock Exchange. The company has

0:01:27.240 --> 0:01:30.880
<v Speaker 5>a market value of more than ten point seven billion dollars,

0:01:31.160 --> 0:01:34.520
<v Speaker 5>but it did servege triple digits yesterday, seven hundred and

0:01:34.600 --> 0:01:35.160
<v Speaker 5>eighty percent.

0:01:35.280 --> 0:01:39.080
<v Speaker 4>You know, it's thirty billion dollars? Is it thirty billion dollars?

0:01:39.080 --> 0:01:40.759
<v Speaker 4>Speaking now, listen, I'm with.

0:01:40.720 --> 0:01:43.279
<v Speaker 2>You because that I was probably yesterday earlier.

0:01:43.280 --> 0:01:43.959
<v Speaker 5>I'm outdated.

0:01:44.080 --> 0:01:47.480
<v Speaker 4>Earlier in the session, I actually had noted it, and

0:01:47.560 --> 0:01:49.920
<v Speaker 4>I was like, oh, it's now like a ten or

0:01:49.920 --> 0:01:52.160
<v Speaker 4>twelve billion dollar market. But it just kept going up,

0:01:52.160 --> 0:01:54.559
<v Speaker 4>going up. My goodness, it is a thirty billion dollar

0:01:54.600 --> 0:01:57.920
<v Speaker 4>market company. It is up twenty two hundred percent.

0:01:58.040 --> 0:02:01.440
<v Speaker 2>Wow a billionaire now, Oh yeah, he's a billionaire now.

0:02:01.480 --> 0:02:06.080
<v Speaker 2>And just to remain contextualize this for us during our simulcast,

0:02:06.280 --> 0:02:09.280
<v Speaker 2>looking at Warner Brothers Discovery for example, that's a twenty

0:02:09.360 --> 0:02:13.480
<v Speaker 2>five billion dollar company. Paramount Global an eight point three

0:02:13.520 --> 0:02:16.880
<v Speaker 2>billion dollar company. We're talking about, like, what about the

0:02:16.880 --> 0:02:19.280
<v Speaker 2>New York Times, Because all I'm going to say.

0:02:19.160 --> 0:02:22.160
<v Speaker 4>Is mid May, they're going to report their earnings.

0:02:22.280 --> 0:02:24.760
<v Speaker 2>Cannot wait, so New York Times I'm just pullinting it

0:02:24.800 --> 0:02:26.919
<v Speaker 2>up on the terminal. Eight point two billion dollar company.

0:02:26.919 --> 0:02:28.720
<v Speaker 5>All right, we got a move The comparison's insane.

0:02:28.880 --> 0:02:29.600
<v Speaker 3>We just got to move on.

0:02:30.120 --> 0:02:31.120
<v Speaker 2>We'll see how long it goes for.

0:02:31.320 --> 0:02:32.480
<v Speaker 1>I know, I know, I know.

0:02:32.840 --> 0:02:34.040
<v Speaker 2>Stuff does not last forever.

0:02:34.200 --> 0:02:36.520
<v Speaker 5>Right now, keeping kind of in the realm of entertainment,

0:02:36.520 --> 0:02:38.640
<v Speaker 5>I was also keeping an eye on companies like Vivid

0:02:38.720 --> 0:02:41.919
<v Speaker 5>Seats and Live Nation. We had Vivid Seats falling. I

0:02:42.000 --> 0:02:44.679
<v Speaker 5>fell about two point four percent today. Live Nation did

0:02:44.800 --> 0:02:47.360
<v Speaker 5>end up one percent higher. But why we've really been

0:02:47.400 --> 0:02:49.840
<v Speaker 5>looking at this today is because President Trump signed an

0:02:49.840 --> 0:02:53.160
<v Speaker 5>executive order. He's really trying to crack down on ticket

0:02:53.200 --> 0:02:56.239
<v Speaker 5>scalping and fees. We had our call yat Kayla Gardner

0:02:56.240 --> 0:02:58.840
<v Speaker 5>in DC. She wrote about this on the terminal yesterday evening.

0:02:58.840 --> 0:03:02.120
<v Speaker 5>But essentially, Trump is trying to direct the FTC to

0:03:02.200 --> 0:03:05.400
<v Speaker 5>work with the DOJ to ensure that competition laws are

0:03:05.600 --> 0:03:08.840
<v Speaker 5>enforced in the concert and entertainment industry. I don't know

0:03:08.880 --> 0:03:11.160
<v Speaker 5>if you guys remember way back when when Taylor Swift's

0:03:11.160 --> 0:03:12.840
<v Speaker 5>concert tickets.

0:03:12.880 --> 0:03:16.079
<v Speaker 2>Very long ago, No, I know, in my lifetime, long

0:03:16.120 --> 0:03:19.919
<v Speaker 2>ago it happened just finished her tour.

0:03:20.560 --> 0:03:22.519
<v Speaker 5>They were really expensive, so much happened, Sin said, but

0:03:22.560 --> 0:03:23.720
<v Speaker 5>they were so expensive.

0:03:23.800 --> 0:03:26.560
<v Speaker 4>So but they were expensive, they were in demand. Like

0:03:26.680 --> 0:03:29.080
<v Speaker 4>is this about the fees and stuff that thank you for?

0:03:29.560 --> 0:03:31.520
<v Speaker 4>But is this really about the fees that are thrown

0:03:31.560 --> 0:03:32.919
<v Speaker 4>on top of everything that's.

0:03:32.880 --> 0:03:35.520
<v Speaker 5>He's saying that he's urging for transparency at quote all

0:03:35.640 --> 0:03:39.080
<v Speaker 5>stages of the ticket purchasing process. So I mean, of

0:03:39.080 --> 0:03:42.640
<v Speaker 5>course that's not the best news for places.

0:03:41.760 --> 0:03:43.880
<v Speaker 4>Demand a supply and demand, but I just feel like

0:03:44.040 --> 0:03:47.120
<v Speaker 4>they can really run up run when scalpers used to

0:03:47.160 --> 0:03:48.920
<v Speaker 4>buy them all and like, you know, I'm just going

0:03:49.000 --> 0:03:51.000
<v Speaker 4>to throw out there, are you just hurt?

0:03:51.720 --> 0:03:53.760
<v Speaker 2>I'm hurt because I don't think bonie Ver is going

0:03:53.840 --> 0:03:56.520
<v Speaker 2>to go on a new tour this year, and Bonieverarr's

0:03:56.520 --> 0:03:58.320
<v Speaker 2>got a new album coming out in a little over

0:03:58.360 --> 0:04:02.560
<v Speaker 2>a week. This is my favorite band. I wouldn't call

0:04:02.600 --> 0:04:04.240
<v Speaker 2>it an art project. It's not even a band. You

0:04:04.240 --> 0:04:06.280
<v Speaker 2>guys know what you're the Bonny Bear stands no when

0:04:06.320 --> 0:04:06.720
<v Speaker 2>I'm talking.

0:04:06.760 --> 0:04:08.320
<v Speaker 4>I was like, oh, is this something your son like?

0:04:08.360 --> 0:04:08.720
<v Speaker 3>Listens?

0:04:09.680 --> 0:04:11.560
<v Speaker 2>Well, he does because he's forced to listen to it,

0:04:11.600 --> 0:04:13.360
<v Speaker 2>because I forced him to listen to Tony Bear.

0:04:13.400 --> 0:04:16.080
<v Speaker 4>Sounds like no bony bears.

0:04:16.480 --> 0:04:17.640
<v Speaker 5>You might have to do the spelling.

0:04:18.680 --> 0:04:21.800
<v Speaker 3>We're over here like bony bear.

0:04:21.800 --> 0:04:23.440
<v Speaker 4>Okay, come on, we're gonna get to one more PVH.

0:04:23.640 --> 0:04:25.240
<v Speaker 4>This was a stock that I highlighted.

0:04:25.320 --> 0:04:27.799
<v Speaker 5>Yes, a name in the green owner of Calvin Klein

0:04:28.120 --> 0:04:31.280
<v Speaker 5>and Tommy Hill. Figure. We saw double digit games today,

0:04:31.360 --> 0:04:33.880
<v Speaker 5>up eighteen percent. That's the best day in two years

0:04:33.920 --> 0:04:35.800
<v Speaker 5>for the company, and so that it expects sales growth

0:04:35.920 --> 0:04:38.200
<v Speaker 5>I know, to be flat or slightly positive. But Wall

0:04:38.200 --> 0:04:40.920
<v Speaker 5>Street was thinking that they would have a percentage of

0:04:41.000 --> 0:04:44.039
<v Speaker 5>half point decline in terms of percentage there for sales growth.

0:04:44.080 --> 0:04:45.760
<v Speaker 5>But I've recorded a call out that some of the

0:04:45.760 --> 0:04:48.880
<v Speaker 5>company's initiatives are quote starting to stabilize the business. But

0:04:48.920 --> 0:04:50.240
<v Speaker 5>I mean, if you look at the stock is still

0:04:50.320 --> 0:04:52.279
<v Speaker 5>down what almost forty percent this year?

0:04:52.560 --> 0:04:55.880
<v Speaker 2>What's it? Jeremy Allen White, that's the uh you're finding it?

0:04:56.320 --> 0:04:58.159
<v Speaker 4>You know, he's going back to the Calvin Clin underwear.

0:04:58.240 --> 0:05:02.560
<v Speaker 2>Yeah, the Calvin Klein, the ah the Bear, Season three

0:05:02.600 --> 0:05:03.720
<v Speaker 2>of the Bear. When is that happening?

0:05:03.839 --> 0:05:05.719
<v Speaker 5>No spoilers, This is gonna take for you to.

0:05:05.720 --> 0:05:08.400
<v Speaker 2>Get over this, you know, probably until next quarter.

0:05:08.800 --> 0:05:12.480
<v Speaker 4>Yesterday or after the close yesterday when the earner bear,

0:05:12.560 --> 0:05:13.960
<v Speaker 4>when is that up? And so he was looking at

0:05:14.000 --> 0:05:16.839
<v Speaker 4>pvah because we were breaking down the earnings, and up

0:05:16.920 --> 0:05:21.920
<v Speaker 4>pops on the screen. Is the bear and so June Underwear.

0:05:21.600 --> 0:05:25.200
<v Speaker 2>June twenty twenty five. Perhaps, according to Gemini, Google AI

0:05:25.520 --> 0:05:28.840
<v Speaker 2>uncited Okay Okay, potentially.

0:05:30.720 --> 0:05:34.840
<v Speaker 3>The Stock Movers podcast from Bloomberg Radio. Check back with

0:05:34.920 --> 0:05:37.680
<v Speaker 3>us throughout the day for the latest roundup of companies

0:05:37.720 --> 0:05:40.800
<v Speaker 3>making news on Wall Street and for the latest market

0:05:40.800 --> 0:05:45.200
<v Speaker 3>moving headlines. Listen to Bloomberg Radio Live. Catch us on YouTube,

0:05:45.240 --> 0:05:48.479
<v Speaker 3>Bloomberg dot com, and on Applecarplay and Android Auto with

0:05:48.560 --> 0:05:50.000
<v Speaker 3>the Bloomberg Business app.