1 00:00:02,520 --> 00:00:08,800 Speaker 1: Bloomberg Audio Studios, podcasts, radio news, The. 2 00:00:08,880 --> 00:00:13,160 Speaker 2: Stock Movers podcast, your roundup of companies making moves in 3 00:00:13,200 --> 00:00:16,480 Speaker 2: the stock market, harnessing the power of Bloomberg data. 4 00:00:17,920 --> 00:00:20,759 Speaker 1: Let's get to it down. Stack Mover's hugely popular. Look 5 00:00:20,760 --> 00:00:23,680 Speaker 1: for that podcast out there, each and everyone, and there's 6 00:00:23,760 --> 00:00:25,239 Speaker 1: many of them, but a couple of them as well, 7 00:00:25,280 --> 00:00:28,000 Speaker 1: but none of them better than would Lisa Mateo The 8 00:00:28,080 --> 00:00:31,280 Speaker 1: Stockmovers on this Monday morning futures up. Eate, Lisa, what 9 00:00:31,320 --> 00:00:31,560 Speaker 1: do you have? 10 00:00:31,640 --> 00:00:31,960 Speaker 3: All right? 11 00:00:31,960 --> 00:00:33,519 Speaker 4: I have to start with Warner Brothers is a big 12 00:00:33,560 --> 00:00:36,239 Speaker 4: story of today. I take our WBD separating into two 13 00:00:36,240 --> 00:00:38,800 Speaker 4: publicly traded companies. The shares have been up as much 14 00:00:38,800 --> 00:00:42,000 Speaker 4: as twelve percent. The two the basic rundown. You have 15 00:00:42,000 --> 00:00:44,640 Speaker 4: the streaming and studios company, David Zaslov. He's going to 16 00:00:44,640 --> 00:00:48,120 Speaker 4: serve as president and CEO of that company, Warner Brothers Television, 17 00:00:48,120 --> 00:00:51,920 Speaker 4: Winner Brothers, Motion Pictures, DC Studios, HBO, HBO Max and 18 00:00:51,960 --> 00:00:55,520 Speaker 4: their film and television libraries. Then you have that second company, 19 00:00:55,560 --> 00:00:58,560 Speaker 4: Global Networks, and that will be led by the CFO 20 00:00:58,600 --> 00:01:04,600 Speaker 4: at Warner Brothers Discovery. It's worldwide premiere entertainment. We're talking sports, news, television, 21 00:01:04,640 --> 00:01:09,840 Speaker 4: brands like CNN, TNT, but also the digital products like Discovery, 22 00:01:09,840 --> 00:01:13,280 Speaker 4: plus the streaming service Bleacher Report, and it's expected to 23 00:01:13,319 --> 00:01:15,319 Speaker 4: be completed by the middle of next years. They're really 24 00:01:15,400 --> 00:01:17,960 Speaker 4: just trying to capitalize on the consumer, right, shifting away 25 00:01:17,959 --> 00:01:22,280 Speaker 4: from traditional PayTV to these new online options. And we 26 00:01:22,280 --> 00:01:24,959 Speaker 4: saw the Comcast you know, do take a similar plath, 27 00:01:25,000 --> 00:01:26,880 Speaker 4: you know, dividing that MBC first, like. 28 00:01:26,880 --> 00:01:28,840 Speaker 1: A similar to the Comcast approach. 29 00:01:29,040 --> 00:01:31,320 Speaker 3: Yeah, and Comcasts announced that and we're waiting for them 30 00:01:31,319 --> 00:01:33,440 Speaker 3: to spin out their cable networks. It's basically just saying 31 00:01:33,440 --> 00:01:35,920 Speaker 3: the cable network business is and no longer a growth business, 32 00:01:35,920 --> 00:01:36,959 Speaker 3: so you just get rid of that. 33 00:01:37,000 --> 00:01:39,800 Speaker 1: But yes, stomp the debt and there we've got to 34 00:01:39,880 --> 00:01:42,840 Speaker 1: keep going here it is stock movers, but a headline 35 00:01:43,120 --> 00:01:46,160 Speaker 1: moments ago, and I'm sorry it is. The key headline 36 00:01:46,600 --> 00:01:50,920 Speaker 1: for me is the amateur Paul swinging the pro Oh, 37 00:01:50,960 --> 00:01:53,520 Speaker 1: there's so many headlines it's hard to find here. They're 38 00:01:53,560 --> 00:01:56,760 Speaker 1: not going to talk about capital structure for a while. 39 00:01:57,000 --> 00:01:59,600 Speaker 1: They better because they don't want to talk about to 40 00:01:59,680 --> 00:01:59,920 Speaker 1: do that. 41 00:02:00,080 --> 00:02:02,320 Speaker 3: But the most important thing from my perspective is JP 42 00:02:02,440 --> 00:02:05,440 Speaker 3: Morgan's seventeen point five billion dollar bridge loan. They're going 43 00:02:05,480 --> 00:02:08,040 Speaker 3: to use that cash Thoree finance all of this debt 44 00:02:08,080 --> 00:02:10,560 Speaker 3: and get into one tidy little bundle and then they'll 45 00:02:10,560 --> 00:02:11,960 Speaker 3: pay back the bridge loan at some point. 46 00:02:12,080 --> 00:02:14,960 Speaker 4: Just a time on stock movers next, all right, Tesla, 47 00:02:15,040 --> 00:02:17,800 Speaker 4: their shares have been a ticker t SLA. Yeah, shares 48 00:02:17,800 --> 00:02:20,040 Speaker 4: have been down as much as two percent. Investors really 49 00:02:20,120 --> 00:02:22,720 Speaker 4: just kind of watching out any more updates with that 50 00:02:22,760 --> 00:02:25,359 Speaker 4: fallout between President Trump Elon Musk. But you had a 51 00:02:25,400 --> 00:02:27,880 Speaker 4: couple downgrades too. You had Bear downgraded the stock to 52 00:02:27,960 --> 00:02:31,240 Speaker 4: neutral from outperform. It said that that rally was actually 53 00:02:31,320 --> 00:02:33,520 Speaker 4: due to just anticipation of the launch of the more 54 00:02:33,560 --> 00:02:37,280 Speaker 4: affordable vehicle, but also the robotaxi service. And then if 55 00:02:37,280 --> 00:02:40,040 Speaker 4: that's not enough, Argus also downgraded the stock too. 56 00:02:40,360 --> 00:02:41,640 Speaker 3: Argus is still around. 57 00:02:41,680 --> 00:02:45,720 Speaker 4: Yeah, yeah, yeah, And if you're keeping it keeping track 58 00:02:45,800 --> 00:02:49,000 Speaker 4: through Friday's close, the shares down about twenty seven percent 59 00:02:49,080 --> 00:02:52,560 Speaker 4: this year for Tesla shares. From that, we moved to 60 00:02:52,639 --> 00:02:54,919 Speaker 4: Apple because it's a big day for Apple right their 61 00:02:54,919 --> 00:02:57,920 Speaker 4: developers conference ticker AAPL. The shares have been up about 62 00:02:57,960 --> 00:03:00,679 Speaker 4: half a percent, but people are going to be looking 63 00:03:00,680 --> 00:03:02,680 Speaker 4: to see if there's any signs of the struggles with 64 00:03:02,919 --> 00:03:05,920 Speaker 4: artificial intelligence that they've been happening, they're not expected to 65 00:03:05,960 --> 00:03:09,840 Speaker 4: feature really much in the way of AI releases. The 66 00:03:09,840 --> 00:03:12,440 Speaker 4: conference actually marks a one year anniversary when they first 67 00:03:12,520 --> 00:03:15,880 Speaker 4: introduce Apple Intelligence, so it's kind of interesting there. But 68 00:03:15,960 --> 00:03:18,160 Speaker 4: the share has been down about nineteen percent this year, 69 00:03:18,200 --> 00:03:20,320 Speaker 4: making them by far the biggest drag of the Nastaq 70 00:03:20,400 --> 00:03:23,160 Speaker 4: one hundred, which is actually advanced three point six percent. 71 00:03:24,440 --> 00:03:28,560 Speaker 2: The Stock Movers podcast from Bloomberg Radio. Check back with 72 00:03:28,639 --> 00:03:31,399 Speaker 2: us throughout the day for the latest roundup of companies 73 00:03:31,440 --> 00:03:34,520 Speaker 2: making news on Wall Street and for the latest market 74 00:03:34,520 --> 00:03:38,920 Speaker 2: moving headlines. Listen to Bloomberg Radio Live, catch us on YouTube, 75 00:03:38,960 --> 00:03:42,200 Speaker 2: Bloomberg dot com, and on Applecarplay and Android Auto with 76 00:03:42,280 --> 00:03:43,720 Speaker 2: the Bloomberg Business app.