1 00:00:02,520 --> 00:00:08,720 Speaker 1: Bloomberg Audio Studios, podcasts, radio News, The. 2 00:00:08,720 --> 00:00:12,560 Speaker 2: Stock Movers Report, your roundup of companies making moves in 3 00:00:12,600 --> 00:00:15,880 Speaker 2: the stock market, harnessing the power of Bloomberg Data. 4 00:00:16,960 --> 00:00:18,840 Speaker 3: Let's take a look at some stocks on the move today. 5 00:00:18,840 --> 00:00:22,599 Speaker 3: I'm Nathan Hager, joined by Bloomberg's Valerie Titel and Valerie. 6 00:00:22,640 --> 00:00:25,639 Speaker 3: Good morning. We are seeing quite the move once again 7 00:00:26,160 --> 00:00:30,159 Speaker 3: in Oracle shares. This stock has been on quite the 8 00:00:30,280 --> 00:00:31,680 Speaker 3: run in the last few days. 9 00:00:31,680 --> 00:00:34,560 Speaker 1: Good morning, Good morning, Nathan, and adding to it this morning, 10 00:00:34,640 --> 00:00:38,199 Speaker 1: up another five percent in pre market trade, adding to 11 00:00:38,280 --> 00:00:41,600 Speaker 1: its three percent rally yesterday. Now, this story is not 12 00:00:41,680 --> 00:00:45,479 Speaker 1: about cloud earnings, but about a market expectation that Oracle 13 00:00:45,880 --> 00:00:50,040 Speaker 1: will be a key beneficiary of a US controlled TikTok. 14 00:00:50,159 --> 00:00:53,559 Speaker 1: CBS News reporting overnight that Oracle could be a key 15 00:00:53,600 --> 00:00:55,960 Speaker 1: player and could be among the group of firms that 16 00:00:56,000 --> 00:01:00,000 Speaker 1: will enable TikTok's operations in the US. But remember, Nathan, 17 00:01:00,000 --> 00:01:03,440 Speaker 1: and there's still a lot of unknowns about this US 18 00:01:03,640 --> 00:01:07,240 Speaker 1: China TikTok framework that was announced by Scott Bessant in 19 00:01:07,360 --> 00:01:12,280 Speaker 1: Madrid yesterday. We are aware that President Trump and President 20 00:01:12,400 --> 00:01:14,200 Speaker 1: she are going to be getting on the phone on 21 00:01:14,319 --> 00:01:18,240 Speaker 1: Friday to confirm the framework and then perhaps he'll they'll 22 00:01:18,240 --> 00:01:20,679 Speaker 1: tell the market what the framework actually is. But we 23 00:01:20,720 --> 00:01:24,240 Speaker 1: don't actually really know if the end of TikTok is 24 00:01:24,319 --> 00:01:29,959 Speaker 1: one of a US controlling the US division. But Oracle 25 00:01:30,520 --> 00:01:32,960 Speaker 1: regardless of that, on suspicion that it will be a 26 00:01:33,040 --> 00:01:36,319 Speaker 1: key beneficiary of a US controlled TikTok is rising five 27 00:01:36,319 --> 00:01:37,080 Speaker 1: percent again. 28 00:01:37,520 --> 00:01:40,280 Speaker 3: Also on the rise this morning shares of Hershey, and 29 00:01:40,319 --> 00:01:43,119 Speaker 3: I've tried so hard to resist saying it's sweet news 30 00:01:43,160 --> 00:01:46,200 Speaker 3: for the company, but well, there you go. 31 00:01:46,640 --> 00:01:49,040 Speaker 1: I'll say it's sweet news for Hershey up two point 32 00:01:49,080 --> 00:01:54,880 Speaker 1: four percent. Double upgrade from Goldman Sachs, citing improving market 33 00:01:54,920 --> 00:01:58,240 Speaker 1: trends and the fact that costs pressures from tariffs and 34 00:01:58,320 --> 00:02:01,240 Speaker 1: the rising price of Coco. Those are themes that are 35 00:02:01,280 --> 00:02:04,480 Speaker 1: well understood and already in the price. Goldman says that 36 00:02:04,520 --> 00:02:09,240 Speaker 1: they maintain a historically strong pricing power with iconic brands, 37 00:02:09,480 --> 00:02:13,000 Speaker 1: and recent announcements on price increases are expected to drive 38 00:02:13,440 --> 00:02:15,680 Speaker 1: outside earnings growth in the quarters to come. 39 00:02:16,280 --> 00:02:20,480 Speaker 3: And we also got earnings from daven Busters. No fund 40 00:02:20,560 --> 00:02:21,960 Speaker 3: for this stockfilm. 41 00:02:22,160 --> 00:02:25,120 Speaker 1: Stock is down over seventeen percent in pre market trade. 42 00:02:25,160 --> 00:02:29,280 Speaker 1: David Busters had a double earnings miss The adjusted EPs 43 00:02:29,360 --> 00:02:32,760 Speaker 1: was less than half of that of expectations. They also 44 00:02:32,800 --> 00:02:36,240 Speaker 1: missed on margins, citing lower operating profit at some of 45 00:02:36,280 --> 00:02:38,919 Speaker 1: its flag at ships stores. They're dealing with less foot 46 00:02:38,960 --> 00:02:42,040 Speaker 1: traffic and even when you get that foot traffic, less 47 00:02:42,120 --> 00:02:45,440 Speaker 1: spending entailed. So David busters down over seventeen percent on 48 00:02:45,480 --> 00:02:46,320 Speaker 1: the back of earnings. 49 00:02:46,520 --> 00:02:50,800 Speaker 3: Well, there's ideas for something to do and maybe weekends 50 00:02:50,800 --> 00:02:54,120 Speaker 3: to come. Tell me why webtune is on your radar. 51 00:02:54,480 --> 00:02:57,519 Speaker 3: We don't talk about the stock very much at all. 52 00:02:57,600 --> 00:03:01,000 Speaker 1: Really, this is a really interesting one. It's out comics. 53 00:03:01,480 --> 00:03:05,680 Speaker 1: Disney has taken a two percent stake in webtoo now. 54 00:03:05,680 --> 00:03:09,840 Speaker 1: Webtoon is a website platform to read comics. It's known 55 00:03:09,880 --> 00:03:15,079 Speaker 1: for its vertical scrolling format, it's tailored for smartphones, and essentially, 56 00:03:15,200 --> 00:03:18,560 Speaker 1: Disney wants to use the platform, which already has one 57 00:03:18,639 --> 00:03:22,120 Speaker 1: hundred and fifty five million daily active users. They want 58 00:03:22,200 --> 00:03:25,400 Speaker 1: to use webtoon in order to build an ambitious news 59 00:03:25,480 --> 00:03:28,760 Speaker 1: service to house all of Disney's comics, which would be 60 00:03:29,160 --> 00:03:32,960 Speaker 1: thirty five thousand comics in one place. Now. The investment 61 00:03:33,360 --> 00:03:35,920 Speaker 1: from Disney the two percent state comes a month after 62 00:03:35,960 --> 00:03:38,960 Speaker 1: the two companies have announced their intent to collaborate, but 63 00:03:39,040 --> 00:03:42,400 Speaker 1: Webtoon shares are up forty four percent off the back 64 00:03:42,440 --> 00:03:46,440 Speaker 1: of this investment from Disney. In pre market trade. 65 00:03:45,960 --> 00:03:50,000 Speaker 2: The Stock Movers Report from Bloomberg Radio. Check back with 66 00:03:50,080 --> 00:03:52,640 Speaker 2: us throughout the day for the latest roundup of companies 67 00:03:52,720 --> 00:03:55,840 Speaker 2: making news on Wall Street and for the latest market 68 00:03:55,840 --> 00:03:59,760 Speaker 2: moving headlines. Listen to Bloomberg Radio Live, catch us on 69 00:03:59,800 --> 00:04:03,480 Speaker 2: you Tube, Bloomberg dot com, and on Applecarplay and Android 70 00:04:03,480 --> 00:04:10,120 Speaker 2: Auto with the Bloomberg Business app MHM.