Speaker 1: Bloomberg Audio Studios, Podcasts, radio News.
Speaker 2: The Stock Movers Report, your roundup of companies making moves
Speaker 2: in the stock market, harnessing the power of Bloomberg Data.
Speaker 3: I'm Jim Steneveeck along with Carol Masser. Let's take a
Speaker 3: look at some stocks on the move today. With us
Speaker 3: is Bloomberg Television Markets correspondent Nora, Melinda, Nora, what are
Speaker 3: you watching?
Speaker 4: Well, I've got my eyes on the Warner Brothers Discovery
Speaker 4: saga that we've been seeing instday into a week into
Speaker 4: a week. Well, Warner Brothers Discovery did confirm that it
Speaker 4: received an amended tender offer from Paramount's Guidance, which we
Speaker 4: know has really been vying for this company in addition
Speaker 4: to its competitor Netflix for this So Warner Brothers Discovery
Speaker 4: says that it will quote carefully review and consider the offer.
Speaker 4: We do know that Paramounts Guidance was really just trying
Speaker 4: to address some of the concerns that they felt that
Speaker 4: Warner Brothers Discovery had that was preventing this deal from
Speaker 4: going through. So Paramounts Guidance in a statement today that
Speaker 4: over two point eight billion dollar termination fee that Warner
Speaker 4: Brothers would have to pay if it actually ended that
Speaker 4: already agreed upon deal with uh.
Speaker 1: Now does that make it a better deal that to me?
Speaker 1: If it doesn't work, we're going to pay you more money, right,
Speaker 1: I mean no, we'll see if they take it.
Speaker 4: I mean, this is interesting. We do see shares of
Speaker 4: Warner Brothers, Discovery, Tacker WBD up about two percent, but Paramounts,
Speaker 4: Guidance and Netflix also in the green. So clearly Netflix
Speaker 4: shareholders doesn't seem as though they're too threatened over this.
Speaker 1: I love, make it stop. Our BI team said, we
Speaker 1: don't expect Warner Brothers Discoveries Board to engage unless the
Speaker 1: base bit is raised to at least thirty two dollars
Speaker 1: a year. I remember that Netflix is already treating this.
Speaker 4: Like they have it right, like it's in the bag, like.
Speaker 1: It's which is interesting. Okay, wait for the streaming series, Matt.
Speaker 2: All right, yeah, no I twelve season, Yeah, yeah, exactly.
Speaker 4: We'll speak speaking of streaming, let's talk about music streaming.
Speaker 1: Let's go there, nice Spotify.
Speaker 4: Tick oer spot We're seeing shares on a tear today
Speaker 4: up for double digit gains early, up as much as
Speaker 4: twenty percent. That is the biggest drump in jumping nearly
Speaker 4: eight years. This is after it reported a record number
Speaker 4: of users last quarter. But they also pointed to Spotify
Speaker 4: rapped and if you guys are not familiar, you know
Speaker 4: that's where Spotify releases your top songs at the end
Speaker 4: of an hour.
Speaker 1: That was so wrong, was it? Oh? Yeah, the data?
Speaker 3: No, I mean it said my listening age was like
Speaker 3: in the fifties or sixties or seventy seventies.
Speaker 2: Maybe.
Speaker 1: Oh, and it makes no sense because.
Speaker 4: You don't agree.
Speaker 1: No, I mean it was totally wrong.
Speaker 4: Well, I mean, I do yours right. I think mine
Speaker 4: was like decently right. But I think that the whole
Speaker 4: point of the age thing is to say, like, your
Speaker 4: listening ear is similar to that of.
Speaker 1: Seven guarantee you it's not.
Speaker 3: Yeah, oh wait, so yours was a kid like that's
Speaker 3: what they're saying seventies.
Speaker 1: Yeah, that's what. But it's like my thing is like
Speaker 1: kid music and Bony Verre.
Speaker 4: It's okay, still offended.
Speaker 1: No, it's just like it's just even.
Speaker 3: Me returns to seventy year old could listen to, Oh
Speaker 3: it's five Bunny Taylor Swift, good stuff. I'm not listening
Speaker 3: to that. We're listening to like Elmo stuff. Okay, so
Speaker 3: that's why it doesn't make any sense.
Speaker 4: I'd have to take a look at your top songs.
Speaker 1: Maybe there's any algorithm, all right, but nonetheless that's what
Speaker 1: they're saying, except for tim it works.
Speaker 4: Apart from tim it works apparently, so.
Speaker 1: I mean often running right, Yeah, all right, I mean a.
Speaker 4: Lot of people love it.
Speaker 1: It did raise the prices on me recently, and guess
Speaker 1: what I'm gonna do? What you keep paying?
Speaker 4: Oh?
Speaker 1: Okay, but do you have Apple Music too? No, you
Speaker 1: have to choose one of the other carols. We're an
Speaker 1: Apple music families.
Speaker 3: Okay, it probably would be a better deal if I
Speaker 3: bundled Apple with you know, all my stuff, but I'm
Speaker 3: not going to like pour it over the playlist.
Speaker 1: Give Apple so much music. Let's go to Robinhood.
Speaker 4: Yes, Robinhood. We know that this company is reporting after
Speaker 4: the closing bell, So we did see shares reversing their
Speaker 4: earlier gains. But we did see that Wolf Research actually
Speaker 4: raised the stock to app perform from peer perform. The
Speaker 4: analysts over there or citing the idea of potential upside
Speaker 4: from prediction markets growth, which we know has been a
Speaker 4: massive topic. I'm sure you know all about this. I
Speaker 4: heard you talking about it earlier today, Tim about prediction markets,
Speaker 4: but apparently that's a tailwind for this company. We are
Speaker 4: seeing that they'll be reporting after the closing belt today.
Speaker 4: Shares with the stock though take her hood down twenty
Speaker 4: four percent so far this year. It is just February.
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