Speaker 1: Hi, I'm Carol Masser, introducing you to the new Stock
Speaker 1: Movers podcast from Bloomberg. The show brings you short episodes
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Speaker 1: of the latest episode from our team at Bloomberg.
Speaker 2: Bloomberg Audio Studios, Podcasts, Radio News.
Speaker 3: The Stock Movers podcast your roundup of companies making moves
Speaker 3: in the stock market, harnessing the power of Bloomberg data.
Speaker 2: Let's take a look at some of the stocks on
Speaker 2: the move on this Monday. Emily Graffeo is Bloomberg News
Speaker 2: cross house at Reporter, and she joins us here.
Speaker 4: Netflix, one of the top performers in the S and
Speaker 4: P five hundred on a day when the index itself
Speaker 4: was down more than two percent and there weren't a
Speaker 4: lot of places to hide, even in bonds, so they
Speaker 4: reported a record profit to start the year on Thursday.
Speaker 2: Doesn't it feel like a world away, like completely forgot.
Speaker 4: But like no one was really paying attention, because, yeah,
Speaker 4: everyone's going on vacation. Everyone was leaving for the holiday, weekend.
Speaker 4: Maybe Netflix was, but traders weren't, so that stock was
Speaker 4: up higher today. Record profit to start the year. First
Speaker 4: quarter earnings rose twenty five percent, which beat ana estimates,
Speaker 4: and the company also said that it's seen no impact
Speaker 4: on its business from the tariffs or the market volatility
Speaker 4: that has followed. So perhaps this is a safety kind
Speaker 4: of hedge.
Speaker 2: As Bloomberg Television's Alex Steele said, it's basically you gotta
Speaker 2: have your name.
Speaker 5: I was going to ask, is it a consumer staple
Speaker 5: or is it a discretionary purchase in your view?
Speaker 3: In my view? In your view?
Speaker 5: And here I'm going to repriind everybody, well you think
Speaker 5: about them.
Speaker 2: Everybody.
Speaker 5: Standard with ads is seven ninety nine a month, Standard
Speaker 5: is seventeen ninety nine a month. Premium is twenty four
Speaker 5: ninety nine a month.
Speaker 3: You know, you don't.
Speaker 4: You don't need it seriously, So I'm going to say
Speaker 4: it's still a discretionary. I don't know. I mean YouTube
Speaker 4: is free. Sometimes I feel like.
Speaker 2: Some food on the table.
Speaker 1: Yeah, food on the table Net.
Speaker 4: But it's food on the table versus Netflix. Netflix feels
Speaker 4: like a you know, more discretionary and there's so many competitors. Oh, yeah,
Speaker 4: maybe you would stick with your Netflix, because if you
Speaker 4: have that description already, it's harder to cancel it than
Speaker 4: like buying a new part. It's stickier. Yeah, which actually
Speaker 4: segues into my neck stock.
Speaker 1: Okay, you're welcome.
Speaker 4: We're talking about canceling Uber shares. We're down today as
Speaker 4: much as five point two percent. The end of the
Speaker 4: day down three percent, But it seems like a lot
Speaker 4: of the downside is coming from a lawsuit from the FTC,
Speaker 4: which alleged in a complaint today that the company charged
Speaker 4: consumers for its Uber one product without their consent and
Speaker 4: made it unreasonably burdensome to cancel the service. The agency
Speaker 4: found users can be required to navigate get this as
Speaker 4: many as twenty three screens and take up to thirty
Speaker 4: two actions just to cancel Uber one, according to the
Speaker 4: FTC statement. Now, Uber said in their response that it
Speaker 4: didn't take that many steps, but that's what.
Speaker 1: The actually twenty two screens and thirty ones.
Speaker 4: Yeah, because all the k ok yeah on the kidding,
Speaker 4: So I mean, huh yeah, that stock was down.
Speaker 2: Tried to do some things though, and wait a second,
Speaker 2: we should explain what Uber one is.
Speaker 5: Okay, Okay, So Uber one is like this subscription service
Speaker 5: you can get for Uber. You get zero delivery fees
Speaker 5: on Uber Eats orders that are eligible. It's ten bucks
Speaker 5: a month, maybe ninety six bucks a year roughly. And yeah,
Speaker 5: I mean I think Lyft has its own version of
Speaker 5: this too. I'm the Lift I have the Lift one
Speaker 5: because that's how you get city Bike, so I get
Speaker 5: a discount on Lyft rides.
Speaker 4: But anyway, yeah, I thought it was interesting. Yeah, because well,
Speaker 4: the agency has also recently sued several other companies, including Amazon, Adobe,
Speaker 4: for making it too difficult to cancel subscriptions. So I
Speaker 4: always have my eye on stuff like that. So Tesla Tesla,
Speaker 4: speaking of cars, Yes, speaking of cars, we have a
Speaker 4: lot of nice segues. Today Tesla fell five percent today.
Speaker 4: This was its third straight day of declines. Earnings are
Speaker 4: set for tomorrow. The stock is down forty three percent
Speaker 4: year to date, though, And there was a pretty colorful
Speaker 4: note we can call it over the weekend from Wedbush's
Speaker 4: Dan ives he does have an.
Speaker 1: Outperformance, likes to wear colorful.
Speaker 4: Yes, it's one of the best dressed Southside analysts. But
Speaker 4: he had a note over the weekend that said Tesla's
Speaker 4: facing a code read moment as it prepares to report
Speaker 4: its earnings. And he also said that the CEO, Elon Musk,
Speaker 4: should step back from his work at DOGE and refocus
Speaker 4: his attention on the carmaker and then on a more
Speaker 4: fundamental level, still bullish, Yes, he's he's still bullish, but
Speaker 4: Tesla also.
Speaker 2: Reported bullish and then have a code read past Dan. Yeah,
Speaker 2: I know, he said, we he said, I love bullish.
Speaker 2: It's a great question.
Speaker 5: We believe Test along with n Vidr, two of the
Speaker 5: most disruptive tech companies on the globe over the coming years.
Speaker 4: He also said, Tesla is Musk. Musk is Tesla. Anyone
Speaker 4: thinks the brand damage Musk has inflicted is not a
Speaker 4: real thing. Spend some time speaking to car buyers in
Speaker 4: the US, Europe, Asia, You'll think differently after those discussions.
Speaker 4: We'll see what you know Tesla does after the earnings.
Speaker 4: But it's heading into this earnings report down forty three
Speaker 4: percent year to date, vulnerable. There's a lot of headlines,
Speaker 4: there's a lot of focus on, you know, what is
Speaker 4: Musk's role and the company? Is he distracted with what
Speaker 4: he's doing at DOGE.
Speaker 2: To be an interesting analyst call Earning's analyst call after
Speaker 2: the close tomorrow. Nice segues between them.
Speaker 1: Well done, well done, Well done.
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