WEBVTT - Warner Bros Split; Apple AI Risks; Tesla Lower

0:00:02.520 --> 0:00:08.800
<v Speaker 1>Bloomberg Audio Studios, podcasts, radio news, The.

0:00:08.880 --> 0:00:13.160
<v Speaker 2>Stock Movers podcast, your roundup of companies making moves in

0:00:13.200 --> 0:00:16.480
<v Speaker 2>the stock market, harnessing the power of Bloomberg data.

0:00:17.920 --> 0:00:20.759
<v Speaker 1>Let's get to it down. Stack Mover's hugely popular. Look

0:00:20.760 --> 0:00:23.680
<v Speaker 1>for that podcast out there, each and everyone, and there's

0:00:23.760 --> 0:00:25.239
<v Speaker 1>many of them, but a couple of them as well,

0:00:25.280 --> 0:00:28.000
<v Speaker 1>but none of them better than would Lisa Mateo The

0:00:28.080 --> 0:00:31.280
<v Speaker 1>Stockmovers on this Monday morning futures up. Eate, Lisa, what

0:00:31.320 --> 0:00:31.560
<v Speaker 1>do you have?

0:00:31.640 --> 0:00:31.960
<v Speaker 3>All right?

0:00:31.960 --> 0:00:33.519
<v Speaker 4>I have to start with Warner Brothers is a big

0:00:33.560 --> 0:00:36.239
<v Speaker 4>story of today. I take our WBD separating into two

0:00:36.240 --> 0:00:38.800
<v Speaker 4>publicly traded companies. The shares have been up as much

0:00:38.800 --> 0:00:42.000
<v Speaker 4>as twelve percent. The two the basic rundown. You have

0:00:42.000 --> 0:00:44.640
<v Speaker 4>the streaming and studios company, David Zaslov. He's going to

0:00:44.640 --> 0:00:48.120
<v Speaker 4>serve as president and CEO of that company, Warner Brothers Television,

0:00:48.120 --> 0:00:51.920
<v Speaker 4>Winner Brothers, Motion Pictures, DC Studios, HBO, HBO Max and

0:00:51.960 --> 0:00:55.520
<v Speaker 4>their film and television libraries. Then you have that second company,

0:00:55.560 --> 0:00:58.560
<v Speaker 4>Global Networks, and that will be led by the CFO

0:00:58.600 --> 0:01:04.600
<v Speaker 4>at Warner Brothers Discovery. It's worldwide premiere entertainment. We're talking sports, news, television,

0:01:04.640 --> 0:01:09.840
<v Speaker 4>brands like CNN, TNT, but also the digital products like Discovery,

0:01:09.840 --> 0:01:13.280
<v Speaker 4>plus the streaming service Bleacher Report, and it's expected to

0:01:13.319 --> 0:01:15.319
<v Speaker 4>be completed by the middle of next years. They're really

0:01:15.400 --> 0:01:17.960
<v Speaker 4>just trying to capitalize on the consumer, right, shifting away

0:01:17.959 --> 0:01:22.280
<v Speaker 4>from traditional PayTV to these new online options. And we

0:01:22.280 --> 0:01:24.959
<v Speaker 4>saw the Comcast you know, do take a similar plath,

0:01:25.000 --> 0:01:26.880
<v Speaker 4>you know, dividing that MBC first, like.

0:01:26.880 --> 0:01:28.840
<v Speaker 1>A similar to the Comcast approach.

0:01:29.040 --> 0:01:31.320
<v Speaker 3>Yeah, and Comcasts announced that and we're waiting for them

0:01:31.319 --> 0:01:33.440
<v Speaker 3>to spin out their cable networks. It's basically just saying

0:01:33.440 --> 0:01:35.920
<v Speaker 3>the cable network business is and no longer a growth business,

0:01:35.920 --> 0:01:36.959
<v Speaker 3>so you just get rid of that.

0:01:37.000 --> 0:01:39.800
<v Speaker 1>But yes, stomp the debt and there we've got to

0:01:39.880 --> 0:01:42.840
<v Speaker 1>keep going here it is stock movers, but a headline

0:01:43.120 --> 0:01:46.160
<v Speaker 1>moments ago, and I'm sorry it is. The key headline

0:01:46.600 --> 0:01:50.920
<v Speaker 1>for me is the amateur Paul swinging the pro Oh,

0:01:50.960 --> 0:01:53.520
<v Speaker 1>there's so many headlines it's hard to find here. They're

0:01:53.560 --> 0:01:56.760
<v Speaker 1>not going to talk about capital structure for a while.

0:01:57.000 --> 0:01:59.600
<v Speaker 1>They better because they don't want to talk about to

0:01:59.680 --> 0:01:59.920
<v Speaker 1>do that.

0:02:00.080 --> 0:02:02.320
<v Speaker 3>But the most important thing from my perspective is JP

0:02:02.440 --> 0:02:05.440
<v Speaker 3>Morgan's seventeen point five billion dollar bridge loan. They're going

0:02:05.480 --> 0:02:08.040
<v Speaker 3>to use that cash Thoree finance all of this debt

0:02:08.080 --> 0:02:10.560
<v Speaker 3>and get into one tidy little bundle and then they'll

0:02:10.560 --> 0:02:11.960
<v Speaker 3>pay back the bridge loan at some point.

0:02:12.080 --> 0:02:14.960
<v Speaker 4>Just a time on stock movers next, all right, Tesla,

0:02:15.040 --> 0:02:17.800
<v Speaker 4>their shares have been a ticker t SLA. Yeah, shares

0:02:17.800 --> 0:02:20.040
<v Speaker 4>have been down as much as two percent. Investors really

0:02:20.120 --> 0:02:22.720
<v Speaker 4>just kind of watching out any more updates with that

0:02:22.760 --> 0:02:25.359
<v Speaker 4>fallout between President Trump Elon Musk. But you had a

0:02:25.400 --> 0:02:27.880
<v Speaker 4>couple downgrades too. You had Bear downgraded the stock to

0:02:27.960 --> 0:02:31.240
<v Speaker 4>neutral from outperform. It said that that rally was actually

0:02:31.320 --> 0:02:33.520
<v Speaker 4>due to just anticipation of the launch of the more

0:02:33.560 --> 0:02:37.280
<v Speaker 4>affordable vehicle, but also the robotaxi service. And then if

0:02:37.280 --> 0:02:40.040
<v Speaker 4>that's not enough, Argus also downgraded the stock too.

0:02:40.360 --> 0:02:41.640
<v Speaker 3>Argus is still around.

0:02:41.680 --> 0:02:45.720
<v Speaker 4>Yeah, yeah, yeah, And if you're keeping it keeping track

0:02:45.800 --> 0:02:49.000
<v Speaker 4>through Friday's close, the shares down about twenty seven percent

0:02:49.080 --> 0:02:52.560
<v Speaker 4>this year for Tesla shares. From that, we moved to

0:02:52.639 --> 0:02:54.919
<v Speaker 4>Apple because it's a big day for Apple right their

0:02:54.919 --> 0:02:57.920
<v Speaker 4>developers conference ticker AAPL. The shares have been up about

0:02:57.960 --> 0:03:00.679
<v Speaker 4>half a percent, but people are going to be looking

0:03:00.680 --> 0:03:02.680
<v Speaker 4>to see if there's any signs of the struggles with

0:03:02.919 --> 0:03:05.920
<v Speaker 4>artificial intelligence that they've been happening, they're not expected to

0:03:05.960 --> 0:03:09.840
<v Speaker 4>feature really much in the way of AI releases. The

0:03:09.840 --> 0:03:12.440
<v Speaker 4>conference actually marks a one year anniversary when they first

0:03:12.520 --> 0:03:15.880
<v Speaker 4>introduce Apple Intelligence, so it's kind of interesting there. But

0:03:15.960 --> 0:03:18.160
<v Speaker 4>the share has been down about nineteen percent this year,

0:03:18.200 --> 0:03:20.320
<v Speaker 4>making them by far the biggest drag of the Nastaq

0:03:20.400 --> 0:03:23.160
<v Speaker 4>one hundred, which is actually advanced three point six percent.

0:03:24.440 --> 0:03:28.560
<v Speaker 2>The Stock Movers podcast from Bloomberg Radio. Check back with

0:03:28.639 --> 0:03:31.399
<v Speaker 2>us throughout the day for the latest roundup of companies

0:03:31.440 --> 0:03:34.520
<v Speaker 2>making news on Wall Street and for the latest market

0:03:34.520 --> 0:03:38.920
<v Speaker 2>moving headlines. Listen to Bloomberg Radio Live, catch us on YouTube,

0:03:38.960 --> 0:03:42.200
<v Speaker 2>Bloomberg dot com, and on Applecarplay and Android Auto with

0:03:42.280 --> 0:03:43.720
<v Speaker 2>the Bloomberg Business app.