WEBVTT - Introducing: Stock Movers

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<v Speaker 1>Hi, I'm Carol Masser, introducing you to the new Stock

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<v Speaker 1>Movers podcast from Bloomberg. The show brings you short episodes

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<v Speaker 1>five minutes or less, covering the stocks making gains and

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<v Speaker 1>losses in today's trading. Subscribe to Stock Movers on Apple, Spotify,

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<v Speaker 1>or anywhere you get your podcasts now. Here's a sample

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<v Speaker 1>of the latest episode from our team at Bloomberg.

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<v Speaker 2>Bloomberg Audio Studios, Podcasts, Radio News.

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<v Speaker 3>The Stock Movers podcast your roundup of companies making moves

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<v Speaker 3>in the stock market, harnessing the power of Bloomberg data.

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<v Speaker 2>Let's take a look at some of the stocks on

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<v Speaker 2>the move on this Monday. Emily Graffeo is Bloomberg News

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<v Speaker 2>cross house at Reporter, and she joins us here.

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<v Speaker 4>Netflix, one of the top performers in the S and

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<v Speaker 4>P five hundred on a day when the index itself

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<v Speaker 4>was down more than two percent and there weren't a

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<v Speaker 4>lot of places to hide, even in bonds, so they

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<v Speaker 4>reported a record profit to start the year on Thursday.

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<v Speaker 2>Doesn't it feel like a world away, like completely forgot.

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<v Speaker 4>But like no one was really paying attention, because, yeah,

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<v Speaker 4>everyone's going on vacation. Everyone was leaving for the holiday, weekend.

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<v Speaker 4>Maybe Netflix was, but traders weren't, so that stock was

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<v Speaker 4>up higher today. Record profit to start the year. First

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<v Speaker 4>quarter earnings rose twenty five percent, which beat ana estimates,

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<v Speaker 4>and the company also said that it's seen no impact

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<v Speaker 4>on its business from the tariffs or the market volatility

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<v Speaker 4>that has followed. So perhaps this is a safety kind

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<v Speaker 4>of hedge.

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<v Speaker 2>As Bloomberg Television's Alex Steele said, it's basically you gotta

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<v Speaker 2>have your name.

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<v Speaker 5>I was going to ask, is it a consumer staple

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<v Speaker 5>or is it a discretionary purchase in your view?

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<v Speaker 3>In my view? In your view?

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<v Speaker 5>And here I'm going to repriind everybody, well you think

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<v Speaker 5>about them.

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<v Speaker 2>Everybody.

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<v Speaker 5>Standard with ads is seven ninety nine a month, Standard

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<v Speaker 5>is seventeen ninety nine a month. Premium is twenty four

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<v Speaker 5>ninety nine a month.

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<v Speaker 3>You know, you don't.

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<v Speaker 4>You don't need it seriously, So I'm going to say

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<v Speaker 4>it's still a discretionary. I don't know. I mean YouTube

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<v Speaker 4>is free. Sometimes I feel like.

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<v Speaker 2>Some food on the table.

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<v Speaker 1>Yeah, food on the table Net.

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<v Speaker 4>But it's food on the table versus Netflix. Netflix feels

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<v Speaker 4>like a you know, more discretionary and there's so many competitors. Oh, yeah,

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<v Speaker 4>maybe you would stick with your Netflix, because if you

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<v Speaker 4>have that description already, it's harder to cancel it than

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<v Speaker 4>like buying a new part. It's stickier. Yeah, which actually

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<v Speaker 4>segues into my neck stock.

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<v Speaker 1>Okay, you're welcome.

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<v Speaker 4>We're talking about canceling Uber shares. We're down today as

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<v Speaker 4>much as five point two percent. The end of the

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<v Speaker 4>day down three percent, But it seems like a lot

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<v Speaker 4>of the downside is coming from a lawsuit from the FTC,

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<v Speaker 4>which alleged in a complaint today that the company charged

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<v Speaker 4>consumers for its Uber one product without their consent and

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<v Speaker 4>made it unreasonably burdensome to cancel the service. The agency

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<v Speaker 4>found users can be required to navigate get this as

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<v Speaker 4>many as twenty three screens and take up to thirty

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<v Speaker 4>two actions just to cancel Uber one, according to the

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<v Speaker 4>FTC statement. Now, Uber said in their response that it

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<v Speaker 4>didn't take that many steps, but that's what.

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<v Speaker 1>The actually twenty two screens and thirty ones.

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<v Speaker 4>Yeah, because all the k ok yeah on the kidding,

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<v Speaker 4>So I mean, huh yeah, that stock was down.

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<v Speaker 2>Tried to do some things though, and wait a second,

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<v Speaker 2>we should explain what Uber one is.

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<v Speaker 5>Okay, Okay, So Uber one is like this subscription service

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<v Speaker 5>you can get for Uber. You get zero delivery fees

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<v Speaker 5>on Uber Eats orders that are eligible. It's ten bucks

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<v Speaker 5>a month, maybe ninety six bucks a year roughly. And yeah,

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<v Speaker 5>I mean I think Lyft has its own version of

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<v Speaker 5>this too. I'm the Lift I have the Lift one

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<v Speaker 5>because that's how you get city Bike, so I get

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<v Speaker 5>a discount on Lyft rides.

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<v Speaker 4>But anyway, yeah, I thought it was interesting. Yeah, because well,

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<v Speaker 4>the agency has also recently sued several other companies, including Amazon, Adobe,

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<v Speaker 4>for making it too difficult to cancel subscriptions. So I

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<v Speaker 4>always have my eye on stuff like that. So Tesla Tesla,

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<v Speaker 4>speaking of cars, Yes, speaking of cars, we have a

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<v Speaker 4>lot of nice segues. Today Tesla fell five percent today.

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<v Speaker 4>This was its third straight day of declines. Earnings are

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<v Speaker 4>set for tomorrow. The stock is down forty three percent

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<v Speaker 4>year to date, though, And there was a pretty colorful

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<v Speaker 4>note we can call it over the weekend from Wedbush's

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<v Speaker 4>Dan ives he does have an.

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<v Speaker 1>Outperformance, likes to wear colorful.

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<v Speaker 4>Yes, it's one of the best dressed Southside analysts. But

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<v Speaker 4>he had a note over the weekend that said Tesla's

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<v Speaker 4>facing a code read moment as it prepares to report

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<v Speaker 4>its earnings. And he also said that the CEO, Elon Musk,

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<v Speaker 4>should step back from his work at DOGE and refocus

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<v Speaker 4>his attention on the carmaker and then on a more

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<v Speaker 4>fundamental level, still bullish, Yes, he's he's still bullish, but

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<v Speaker 4>Tesla also.

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<v Speaker 2>Reported bullish and then have a code read past Dan. Yeah,

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<v Speaker 2>I know, he said, we he said, I love bullish.

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<v Speaker 2>It's a great question.

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<v Speaker 5>We believe Test along with n Vidr, two of the

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<v Speaker 5>most disruptive tech companies on the globe over the coming years.

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<v Speaker 4>He also said, Tesla is Musk. Musk is Tesla. Anyone

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<v Speaker 4>thinks the brand damage Musk has inflicted is not a

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<v Speaker 4>real thing. Spend some time speaking to car buyers in

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<v Speaker 4>the US, Europe, Asia, You'll think differently after those discussions.

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<v Speaker 4>We'll see what you know Tesla does after the earnings.

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<v Speaker 4>But it's heading into this earnings report down forty three

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<v Speaker 4>percent year to date, vulnerable. There's a lot of headlines,

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<v Speaker 4>there's a lot of focus on, you know, what is

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<v Speaker 4>Musk's role and the company? Is he distracted with what

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<v Speaker 4>he's doing at DOGE.

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<v Speaker 2>To be an interesting analyst call Earning's analyst call after

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<v Speaker 2>the close tomorrow. Nice segues between them.

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<v Speaker 1>Well done, well done, Well done.

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<v Speaker 3>The Stockmovers podcast from Bloomberg Radio. Check back with us

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<v Speaker 3>throughout the day for the latest roundup of companies making

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<v Speaker 3>news on Wall Street and for the latest market moving headlines.

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<v Speaker 3>Listen to Bloomberg Radio Live, catch us on YouTube, Bloomberg

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