1 00:00:02,520 --> 00:00:07,000 Speaker 1: Bloomberg Audio Studios, Podcasts, radio News. 2 00:00:08,560 --> 00:00:12,440 Speaker 2: The Stock Movers Report, your roundup of companies making moves 3 00:00:12,480 --> 00:00:16,280 Speaker 2: in the stock market, harnessing the power of Bloomberg Data. 4 00:00:16,480 --> 00:00:18,840 Speaker 3: I'm Jim Steneveeck along with Carol Masser. Let's take a 5 00:00:18,880 --> 00:00:20,919 Speaker 3: look at some stocks on the move today. With us 6 00:00:20,960 --> 00:00:25,200 Speaker 3: is Bloomberg Television Markets correspondent Nora, Melinda, Nora, what are 7 00:00:25,239 --> 00:00:25,640 Speaker 3: you watching? 8 00:00:26,079 --> 00:00:28,240 Speaker 4: Well, I've got my eyes on the Warner Brothers Discovery 9 00:00:28,240 --> 00:00:32,360 Speaker 4: saga that we've been seeing instday into a week into 10 00:00:32,360 --> 00:00:35,360 Speaker 4: a week. Well, Warner Brothers Discovery did confirm that it 11 00:00:35,400 --> 00:00:39,159 Speaker 4: received an amended tender offer from Paramount's Guidance, which we 12 00:00:39,159 --> 00:00:42,320 Speaker 4: know has really been vying for this company in addition 13 00:00:42,440 --> 00:00:45,519 Speaker 4: to its competitor Netflix for this So Warner Brothers Discovery 14 00:00:45,560 --> 00:00:48,920 Speaker 4: says that it will quote carefully review and consider the offer. 15 00:00:48,960 --> 00:00:50,960 Speaker 4: We do know that Paramounts Guidance was really just trying 16 00:00:51,000 --> 00:00:53,519 Speaker 4: to address some of the concerns that they felt that 17 00:00:53,520 --> 00:00:56,560 Speaker 4: Warner Brothers Discovery had that was preventing this deal from 18 00:00:56,560 --> 00:00:59,480 Speaker 4: going through. So Paramounts Guidance in a statement today that 19 00:01:00,080 --> 00:01:03,560 Speaker 4: over two point eight billion dollar termination fee that Warner 20 00:01:03,600 --> 00:01:06,680 Speaker 4: Brothers would have to pay if it actually ended that 21 00:01:06,840 --> 00:01:09,240 Speaker 4: already agreed upon deal with uh. 22 00:01:09,360 --> 00:01:11,560 Speaker 1: Now does that make it a better deal that to me? 23 00:01:11,560 --> 00:01:13,800 Speaker 1: If it doesn't work, we're going to pay you more money, right, 24 00:01:14,080 --> 00:01:17,039 Speaker 1: I mean no, we'll see if they take it. 25 00:01:17,160 --> 00:01:19,080 Speaker 4: I mean, this is interesting. We do see shares of 26 00:01:19,080 --> 00:01:23,440 Speaker 4: Warner Brothers, Discovery, Tacker WBD up about two percent, but Paramounts, 27 00:01:23,440 --> 00:01:26,720 Speaker 4: Guidance and Netflix also in the green. So clearly Netflix 28 00:01:26,760 --> 00:01:29,679 Speaker 4: shareholders doesn't seem as though they're too threatened over this. 29 00:01:29,760 --> 00:01:32,800 Speaker 1: I love, make it stop. Our BI team said, we 30 00:01:32,800 --> 00:01:35,280 Speaker 1: don't expect Warner Brothers Discoveries Board to engage unless the 31 00:01:35,280 --> 00:01:37,000 Speaker 1: base bit is raised to at least thirty two dollars 32 00:01:37,040 --> 00:01:39,280 Speaker 1: a year. I remember that Netflix is already treating this. 33 00:01:39,480 --> 00:01:41,840 Speaker 4: Like they have it right, like it's in the bag, like. 34 00:01:41,800 --> 00:01:45,279 Speaker 1: It's which is interesting. Okay, wait for the streaming series, Matt. 35 00:01:45,120 --> 00:01:49,280 Speaker 2: All right, yeah, no I twelve season, Yeah, yeah, exactly. 36 00:01:49,960 --> 00:01:53,560 Speaker 4: We'll speak speaking of streaming, let's talk about music streaming. 37 00:01:53,640 --> 00:01:56,040 Speaker 1: Let's go there, nice Spotify. 38 00:01:55,600 --> 00:01:58,640 Speaker 4: Tick oer spot We're seeing shares on a tear today 39 00:01:58,720 --> 00:02:00,680 Speaker 4: up for double digit gains early, up as much as 40 00:02:00,680 --> 00:02:03,760 Speaker 4: twenty percent. That is the biggest drump in jumping nearly 41 00:02:03,840 --> 00:02:07,120 Speaker 4: eight years. This is after it reported a record number 42 00:02:07,200 --> 00:02:10,680 Speaker 4: of users last quarter. But they also pointed to Spotify 43 00:02:10,880 --> 00:02:12,800 Speaker 4: rapped and if you guys are not familiar, you know 44 00:02:12,840 --> 00:02:15,280 Speaker 4: that's where Spotify releases your top songs at the end 45 00:02:15,280 --> 00:02:15,720 Speaker 4: of an hour. 46 00:02:15,960 --> 00:02:19,919 Speaker 1: That was so wrong, was it? Oh? Yeah, the data? 47 00:02:20,120 --> 00:02:22,040 Speaker 3: No, I mean it said my listening age was like 48 00:02:22,080 --> 00:02:24,239 Speaker 3: in the fifties or sixties or seventy seventies. 49 00:02:24,280 --> 00:02:24,560 Speaker 2: Maybe. 50 00:02:24,720 --> 00:02:26,519 Speaker 1: Oh, and it makes no sense because. 51 00:02:26,840 --> 00:02:27,480 Speaker 4: You don't agree. 52 00:02:27,919 --> 00:02:29,520 Speaker 1: No, I mean it was totally wrong. 53 00:02:30,880 --> 00:02:33,240 Speaker 4: Well, I mean, I do yours right. I think mine 54 00:02:33,360 --> 00:02:35,280 Speaker 4: was like decently right. But I think that the whole 55 00:02:35,280 --> 00:02:37,240 Speaker 4: point of the age thing is to say, like, your 56 00:02:37,280 --> 00:02:39,160 Speaker 4: listening ear is similar to that of. 57 00:02:39,520 --> 00:02:41,320 Speaker 1: Seven guarantee you it's not. 58 00:02:41,720 --> 00:02:45,200 Speaker 3: Yeah, oh wait, so yours was a kid like that's 59 00:02:45,240 --> 00:02:46,480 Speaker 3: what they're saying seventies. 60 00:02:46,600 --> 00:02:48,400 Speaker 1: Yeah, that's what. But it's like my thing is like 61 00:02:48,560 --> 00:02:49,840 Speaker 1: kid music and Bony Verre. 62 00:02:50,280 --> 00:02:52,000 Speaker 4: It's okay, still offended. 63 00:02:52,560 --> 00:02:54,600 Speaker 1: No, it's just like it's just even. 64 00:02:54,520 --> 00:02:57,680 Speaker 3: Me returns to seventy year old could listen to, Oh 65 00:02:57,840 --> 00:03:02,080 Speaker 3: it's five Bunny Taylor Swift, good stuff. I'm not listening 66 00:03:02,160 --> 00:03:04,839 Speaker 3: to that. We're listening to like Elmo stuff. Okay, so 67 00:03:05,160 --> 00:03:06,640 Speaker 3: that's why it doesn't make any sense. 68 00:03:06,919 --> 00:03:08,400 Speaker 4: I'd have to take a look at your top songs. 69 00:03:08,400 --> 00:03:12,000 Speaker 1: Maybe there's any algorithm, all right, but nonetheless that's what 70 00:03:12,040 --> 00:03:14,000 Speaker 1: they're saying, except for tim it works. 71 00:03:14,040 --> 00:03:16,480 Speaker 4: Apart from tim it works apparently, so. 72 00:03:16,840 --> 00:03:19,720 Speaker 1: I mean often running right, Yeah, all right, I mean a. 73 00:03:19,639 --> 00:03:20,600 Speaker 4: Lot of people love it. 74 00:03:20,600 --> 00:03:22,880 Speaker 1: It did raise the prices on me recently, and guess 75 00:03:22,919 --> 00:03:24,720 Speaker 1: what I'm gonna do? What you keep paying? 76 00:03:24,840 --> 00:03:24,960 Speaker 4: Oh? 77 00:03:25,000 --> 00:03:27,400 Speaker 1: Okay, but do you have Apple Music too? No, you 78 00:03:27,400 --> 00:03:29,040 Speaker 1: have to choose one of the other carols. We're an 79 00:03:29,080 --> 00:03:29,960 Speaker 1: Apple music families. 80 00:03:30,040 --> 00:03:32,239 Speaker 3: Okay, it probably would be a better deal if I 81 00:03:32,320 --> 00:03:35,120 Speaker 3: bundled Apple with you know, all my stuff, but I'm 82 00:03:35,160 --> 00:03:37,400 Speaker 3: not going to like pour it over the playlist. 83 00:03:37,680 --> 00:03:42,880 Speaker 1: Give Apple so much music. Let's go to Robinhood. 84 00:03:42,960 --> 00:03:45,280 Speaker 4: Yes, Robinhood. We know that this company is reporting after 85 00:03:45,320 --> 00:03:48,280 Speaker 4: the closing bell, So we did see shares reversing their 86 00:03:48,320 --> 00:03:50,960 Speaker 4: earlier gains. But we did see that Wolf Research actually 87 00:03:51,040 --> 00:03:53,560 Speaker 4: raised the stock to app perform from peer perform. The 88 00:03:53,560 --> 00:03:57,240 Speaker 4: analysts over there or citing the idea of potential upside 89 00:03:57,280 --> 00:04:00,080 Speaker 4: from prediction markets growth, which we know has been a 90 00:04:00,120 --> 00:04:02,600 Speaker 4: massive topic. I'm sure you know all about this. I 91 00:04:02,600 --> 00:04:05,600 Speaker 4: heard you talking about it earlier today, Tim about prediction markets, 92 00:04:05,640 --> 00:04:08,600 Speaker 4: but apparently that's a tailwind for this company. We are 93 00:04:08,640 --> 00:04:10,760 Speaker 4: seeing that they'll be reporting after the closing belt today. 94 00:04:11,000 --> 00:04:14,560 Speaker 4: Shares with the stock though take her hood down twenty 95 00:04:14,600 --> 00:04:17,960 Speaker 4: four percent so far this year. 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