1 00:00:02,520 --> 00:00:08,720 Speaker 1: Bloomberg Audio Studios, podcasts, radio news, The. 2 00:00:08,720 --> 00:00:12,560 Speaker 2: Stock Movers Report, your roundup of companies making moves in 3 00:00:12,600 --> 00:00:16,079 Speaker 2: the stock market. Harnessing the power of Bloomberg Data. 4 00:00:16,200 --> 00:00:18,119 Speaker 1: Let's take a look at some stocks on the move today. 5 00:00:18,120 --> 00:00:20,680 Speaker 1: I'm Nathan Hager, joined by Bloomberg's Dan Curtis, as we 6 00:00:20,760 --> 00:00:23,919 Speaker 1: kick off a very busy earnings week, or quite the 7 00:00:24,000 --> 00:00:27,000 Speaker 1: kickoff already from the Walt Disney Company. Dan, good morning, 8 00:00:27,600 --> 00:00:28,440 Speaker 1: Good morning, Nathan. 9 00:00:28,480 --> 00:00:30,520 Speaker 3: That's right. We're starting off with a bright spot in 10 00:00:30,520 --> 00:00:33,040 Speaker 3: the pre market this morning, and Disney shares are up 11 00:00:33,120 --> 00:00:36,120 Speaker 3: nearly four percent after the company posted first quarter sales 12 00:00:36,120 --> 00:00:39,879 Speaker 3: and profits that both beat estimates. The real standout here 13 00:00:39,920 --> 00:00:42,720 Speaker 3: is the experience segment that includes parks and cruises. It 14 00:00:42,800 --> 00:00:45,680 Speaker 3: recorded a record at ten billion dollars in sales. The 15 00:00:45,760 --> 00:00:48,680 Speaker 3: board is said to be aligning to promote that unit's head, 16 00:00:48,760 --> 00:00:51,839 Speaker 3: Josh Diamorrow, to succeed Bob Eyer later this year. So 17 00:00:52,040 --> 00:00:56,320 Speaker 3: we'll see that strong That strong report definitely helping there. 18 00:00:56,640 --> 00:00:58,400 Speaker 3: As for the other divisions, there was a decline and 19 00:00:58,520 --> 00:01:01,360 Speaker 3: Entertainment profit that was as marketing costs weighed on the 20 00:01:01,400 --> 00:01:05,440 Speaker 3: segment and also a drop in political advertising spending. The 21 00:01:05,480 --> 00:01:09,000 Speaker 3: sports profits fell higher rights fees to NBA and college 22 00:01:09,000 --> 00:01:12,679 Speaker 3: sports all were weighed and hurt even more by a 23 00:01:12,800 --> 00:01:15,880 Speaker 3: cut in subscriber fees. For the full year, Disney is 24 00:01:15,920 --> 00:01:19,600 Speaker 3: looking pretty good. Disney is projecting a double digit growth 25 00:01:19,640 --> 00:01:21,319 Speaker 3: and earnings, and it's said to be on track for 26 00:01:21,400 --> 00:01:23,039 Speaker 3: seven billion dollars into buybacks. 27 00:01:23,280 --> 00:01:27,000 Speaker 1: Yeah, we've got some merger Monday news potentially on two 28 00:01:27,319 --> 00:01:30,720 Speaker 1: of Elon Musk's companies. How's that affecting the stock in 29 00:01:30,760 --> 00:01:33,480 Speaker 1: the one company that is publicly traded, Tesla? 30 00:01:34,200 --> 00:01:37,240 Speaker 3: That's right, So it was kind of an either or 31 00:01:37,360 --> 00:01:40,240 Speaker 3: situation going into this. So we got this morning news 32 00:01:40,560 --> 00:01:43,240 Speaker 3: saying that SpaceX is said to be in advanced toxic 33 00:01:43,280 --> 00:01:46,920 Speaker 3: combined with Xai. When we left were last trading on Friday, 34 00:01:47,200 --> 00:01:50,280 Speaker 3: we heard that it could be that could be SpaceX 35 00:01:50,320 --> 00:01:53,800 Speaker 3: tying up with Xai or with Tesla. So Tesla shares 36 00:01:53,840 --> 00:01:56,760 Speaker 3: taking a dip after the headlines as the choice as 37 00:01:56,800 --> 00:01:58,800 Speaker 3: the choice seems to be taken away from them. The 38 00:01:58,920 --> 00:02:01,200 Speaker 3: talks are still on going and it's said to be 39 00:02:01,240 --> 00:02:03,400 Speaker 3: announced as soon as this week, but it could also 40 00:02:03,480 --> 00:02:06,880 Speaker 3: drag on. It could also fall apart. Xai was recently 41 00:02:06,960 --> 00:02:09,840 Speaker 3: valued a two hundred and thirty billion. So the smallest company, 42 00:02:10,200 --> 00:02:12,960 Speaker 3: SpaceX is one point five trillion, Tesla one point six trillion, 43 00:02:12,960 --> 00:02:16,520 Speaker 3: So it looks like Elon Musk will be combining potentially 44 00:02:16,600 --> 00:02:18,880 Speaker 3: the smaller unit into SpaceX. 45 00:02:19,280 --> 00:02:22,400 Speaker 1: And we've been watching Oracle shares this morning. They'd been 46 00:02:22,520 --> 00:02:25,519 Speaker 1: on the back foot. Now they've kind of mounting a 47 00:02:25,520 --> 00:02:26,600 Speaker 1: bit of a turnaround here. 48 00:02:27,000 --> 00:02:28,799 Speaker 3: Yeah, it's been a bit of a turnaround there. Down 49 00:02:29,000 --> 00:02:31,799 Speaker 3: a couple percentage points earlier there now up about four 50 00:02:31,919 --> 00:02:35,160 Speaker 3: tenths in the pre market. The company over the weekend, 51 00:02:35,160 --> 00:02:37,120 Speaker 3: which was a little bit odd, it announced plans to 52 00:02:37,200 --> 00:02:39,640 Speaker 3: raise forty five to fifty billion dollars this year, a 53 00:02:39,680 --> 00:02:42,240 Speaker 3: mix of debt and equity. And this is the fund 54 00:02:42,240 --> 00:02:45,320 Speaker 3: additional capacity for cloud customers, including you know, all the 55 00:02:45,320 --> 00:02:49,000 Speaker 3: big names and the meta Nvidia Open Ai. The shares 56 00:02:49,040 --> 00:02:52,160 Speaker 3: had fallen around fifty percent and the company has been 57 00:02:52,160 --> 00:02:55,240 Speaker 3: negative free cash flow and it's also expected to remain 58 00:02:55,280 --> 00:02:59,239 Speaker 3: negative free negative until twenty thirty. That said, if they're 59 00:02:59,280 --> 00:03:02,640 Speaker 3: able to to successfully raise capital that could allay some 60 00:03:02,680 --> 00:03:05,280 Speaker 3: of these concerns around financing that has been weighing on 61 00:03:05,280 --> 00:03:08,200 Speaker 3: the stock. We're back down just negative now. Markets are 62 00:03:08,200 --> 00:03:10,320 Speaker 3: still trying to figure out exactly what this means, but 63 00:03:10,320 --> 00:03:12,200 Speaker 3: they're getting a little bit more positive as the pre 64 00:03:12,240 --> 00:03:13,480 Speaker 3: market trading goes on. Now. 65 00:03:13,600 --> 00:03:16,079 Speaker 1: Definitely still varies watching and what's going on with the 66 00:03:16,120 --> 00:03:17,080 Speaker 1: Nvidia this morning. 67 00:03:17,560 --> 00:03:20,800 Speaker 3: That's right in Nvidia. So over the weekend, CEO Jensen 68 00:03:20,800 --> 00:03:23,160 Speaker 3: Wong came out and said that one hundred billion dollars 69 00:03:23,200 --> 00:03:25,880 Speaker 3: of commitment to open Ai was at the top end 70 00:03:25,919 --> 00:03:28,799 Speaker 3: and it may not and video may not go all 71 00:03:28,840 --> 00:03:31,320 Speaker 3: the way through with that deal. So those shares are 72 00:03:31,320 --> 00:03:34,800 Speaker 3: down about one point seven percent. This deal was signed 73 00:03:34,840 --> 00:03:37,400 Speaker 3: to help open ai build new data centers and just 74 00:03:37,400 --> 00:03:39,240 Speaker 3: to put that in perspective, and use the same amount 75 00:03:39,240 --> 00:03:42,360 Speaker 3: of electricity of electricity as New York City at its 76 00:03:42,400 --> 00:03:47,040 Speaker 3: peak demand. So these financing concerns very very sensitive in 77 00:03:47,080 --> 00:03:50,040 Speaker 3: the space. There's been some concerns over circular funding, companies 78 00:03:50,040 --> 00:03:52,720 Speaker 3: funding each other, and Nvidia's pullback on this is kind 79 00:03:52,760 --> 00:03:56,760 Speaker 3: of adding to some nerves. This morning, okay, and almost supercent. 80 00:03:57,240 --> 00:04:01,280 Speaker 2: This stock mover's report from Bloomberg rad Check back with 81 00:04:01,360 --> 00:04:03,920 Speaker 2: us throughout the day for the latest roundup of companies 82 00:04:04,000 --> 00:04:07,120 Speaker 2: making news on Wall Street and for the latest market 83 00:04:07,120 --> 00:04:11,600 Speaker 2: moving headlines. Listen to Bloomberg Radio Live. Catch us on YouTube, 84 00:04:11,680 --> 00:04:15,200 Speaker 2: Bloomberg dot com, and on Applecarplay and Android Auto with 85 00:04:15,240 --> 00:04:16,719 Speaker 2: the Bloomberg Business app.