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 --> 00:00:16,200 Speaker 2: the stock market, harnessing the power of Bloomberg Data. 4 00:00:16,320 --> 00:00:18,079 Speaker 1: Let's take a look at some stocks on the move today. 5 00:00:18,079 --> 00:00:21,159 Speaker 1: I'm Nathan Hager, joined by Bloomberg's Dan Curtis on a 6 00:00:21,200 --> 00:00:26,040 Speaker 1: morning where plummeting Bitcoin is certainly in focus and that's 7 00:00:26,040 --> 00:00:28,840 Speaker 1: got to be having some kind of impact on crypto 8 00:00:28,960 --> 00:00:30,040 Speaker 1: adjacent stocks. 9 00:00:30,160 --> 00:00:33,560 Speaker 3: Dan, good morning, Good morning, Nathan. That's right, you're talking 10 00:00:33,600 --> 00:00:35,400 Speaker 3: about it. I'm talking about I think the whole world's 11 00:00:35,440 --> 00:00:38,520 Speaker 3: talking about bitcoin this morning. Yeah, that's down five percent, 12 00:00:38,560 --> 00:00:40,960 Speaker 3: and that's weighing, as you said, on these crypto adjacent 13 00:00:41,000 --> 00:00:44,920 Speaker 3: stocks specifically. This morning, I'm looking at Strategy. It's a 14 00:00:44,960 --> 00:00:48,839 Speaker 3: company that's a bitcoin treasury company. So essentially what it 15 00:00:48,880 --> 00:00:52,560 Speaker 3: does issues some debt, it will sell equity and uses 16 00:00:52,560 --> 00:00:56,040 Speaker 3: that to just buy and hold bitcoin. So naturally, since 17 00:00:56,080 --> 00:00:58,800 Speaker 3: it has about fifty six billion dollars worth of bitcoin, 18 00:00:58,840 --> 00:01:03,560 Speaker 3: it's very sensitive to bitcoin moves. That stock ticker mst 19 00:01:03,760 --> 00:01:05,959 Speaker 3: R is down about four percent in pre market, so 20 00:01:06,040 --> 00:01:09,839 Speaker 3: not falling quite as much as bitcoin itself. And Strategy 21 00:01:09,840 --> 00:01:13,679 Speaker 3: has been very interesting of late. So the founder, this 22 00:01:13,720 --> 00:01:16,760 Speaker 3: guy Michael Sailor, who's a big name in the crypto space. 23 00:01:16,800 --> 00:01:19,560 Speaker 3: He has this h odal hotal strategy hold on for 24 00:01:19,600 --> 00:01:23,160 Speaker 3: dear life. But recently the CEO came out and said 25 00:01:23,200 --> 00:01:27,320 Speaker 3: there are circumstances where strategy might sell and this is 26 00:01:27,400 --> 00:01:30,160 Speaker 3: kind of taking some of the longer term investors by surprise. 27 00:01:30,200 --> 00:01:32,720 Speaker 3: But it's starting to settle out and potentially one of 28 00:01:32,720 --> 00:01:35,040 Speaker 3: the reasons why this morning we're seeing strategy not falling 29 00:01:35,120 --> 00:01:37,679 Speaker 3: quite as much as Bitcoin as there is this pressure 30 00:01:37,720 --> 00:01:40,959 Speaker 3: release valve that the CEO has started talking about that 31 00:01:41,040 --> 00:01:44,000 Speaker 3: the company is now inclined to if this crypto pressure continues. 32 00:01:44,280 --> 00:01:46,600 Speaker 1: Now that pressure is adding to the risk off mood 33 00:01:46,600 --> 00:01:49,360 Speaker 1: across the market this morning. But we are seeing a 34 00:01:49,400 --> 00:01:53,680 Speaker 1: pretty big upside move this morning for Canadian Solar. What's 35 00:01:53,720 --> 00:01:54,280 Speaker 1: going on there? 36 00:01:54,960 --> 00:01:57,960 Speaker 3: Yeah, So, as you said, Canadian Solar, it is a 37 00:01:58,000 --> 00:02:02,240 Speaker 3: solar company. Specifically, it makes panels. It's up about twelve 38 00:02:02,320 --> 00:02:05,280 Speaker 3: percent in pre market right now. Take our CSIQ and 39 00:02:05,320 --> 00:02:08,440 Speaker 3: a bright spot in a sea of green. So it's 40 00:02:08,480 --> 00:02:11,320 Speaker 3: going through a bit of a shift in the corporate structure. 41 00:02:11,360 --> 00:02:13,920 Speaker 3: It has a subsidiary which is based in China that 42 00:02:14,040 --> 00:02:17,000 Speaker 3: subsidiary is going to sell just over three quarters of 43 00:02:17,040 --> 00:02:20,320 Speaker 3: a percent of overseas factories to the parent company, which 44 00:02:20,480 --> 00:02:24,000 Speaker 3: is Canadian Solar. The factories are ones that serve the 45 00:02:24,080 --> 00:02:26,200 Speaker 3: US market. They will be used to start two joint 46 00:02:26,240 --> 00:02:31,440 Speaker 3: ventures focused on solar power and energy in the US. Obviously, 47 00:02:31,760 --> 00:02:34,400 Speaker 3: with the Trump administration, the Asian solar industry has come 48 00:02:34,800 --> 00:02:40,120 Speaker 3: under scrutiny and tariffs by the administration, and analyst are 49 00:02:40,200 --> 00:02:42,840 Speaker 3: saying that this will allow the company to continue to 50 00:02:42,880 --> 00:02:48,200 Speaker 3: export products to the US and kind of remain compliant 51 00:02:48,240 --> 00:02:52,280 Speaker 3: with the restrictions and potential restrictions that are likely for 52 00:02:52,360 --> 00:02:54,880 Speaker 3: the industry. So it's a move to kind of get 53 00:02:54,919 --> 00:02:58,800 Speaker 3: ahead of any potential shifts that could, you know, hurt 54 00:02:58,840 --> 00:03:01,919 Speaker 3: its exports the US. Those shares up twelve percent amid 55 00:03:01,919 --> 00:03:02,320 Speaker 3: this move. 56 00:03:02,880 --> 00:03:05,280 Speaker 1: I see the Walt Disney Company is on your list. 57 00:03:05,280 --> 00:03:05,360 Speaker 2: This. 58 00:03:05,639 --> 00:03:07,359 Speaker 1: Did you see Zutopia two? 59 00:03:07,440 --> 00:03:10,679 Speaker 3: Dan, I haven't yet. I'm in the UK, so I 60 00:03:10,760 --> 00:03:13,600 Speaker 3: was cooking Thanksgiving dinner over the weekend because. 61 00:03:13,360 --> 00:03:14,200 Speaker 2: We'd understay off. 62 00:03:14,240 --> 00:03:17,040 Speaker 3: Okay, but yeah, with two young kids, I'm sure I 63 00:03:17,040 --> 00:03:19,840 Speaker 3: will soon. And yes, z Utopia it was really a 64 00:03:19,840 --> 00:03:23,519 Speaker 3: bright spot for Disney that's lifted the stock up about 65 00:03:23,520 --> 00:03:25,720 Speaker 3: half a percent, but again in a day with most 66 00:03:25,720 --> 00:03:28,280 Speaker 3: of the stocks down half a percent, actually probably better 67 00:03:28,280 --> 00:03:31,399 Speaker 3: than on a normal day. So Zutopia two came out 68 00:03:31,480 --> 00:03:33,440 Speaker 3: over the weekend. It brought one hundred and fifty six 69 00:03:33,440 --> 00:03:35,760 Speaker 3: million dollars in the US and Canada. That made it 70 00:03:35,800 --> 00:03:39,000 Speaker 3: the top top movie of the weekend In China. It 71 00:03:39,120 --> 00:03:42,200 Speaker 3: set a record for the opening of a foreign animated film. 72 00:03:42,240 --> 00:03:45,320 Speaker 3: So well received internationally, and it's brought in over half 73 00:03:45,320 --> 00:03:49,040 Speaker 3: a billion dollars in its opening weekend. It's a payoff 74 00:03:49,080 --> 00:03:52,400 Speaker 3: for Disney, which is spending a lot on the film. 75 00:03:53,040 --> 00:03:55,400 Speaker 3: Last quarter of the company reduced earnings by four hundred 76 00:03:55,440 --> 00:03:58,480 Speaker 3: million do to cost tied to both this Utopia sequel 77 00:03:58,720 --> 00:04:00,920 Speaker 3: and an Avatar sequel that's coming out in two weeks. 78 00:04:00,960 --> 00:04:03,520 Speaker 3: So maybe we'll be talking about Disney again in a 79 00:04:03,560 --> 00:04:04,040 Speaker 3: few weeks. 80 00:04:05,280 --> 00:04:09,520 Speaker 2: The Stockmovers Report from Bloomberg Radio. 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