Speaker 1: Bloomberg Audio Studios, podcasts, radio News, The.
Speaker 2: Stock Movers Report, your roundup of companies making moves in
Speaker 2: the stock market, harnessing the power of Bloomberg Data, take
Speaker 2: a look at some of the stocks on the move today.
Speaker 2: We can do that with Christina, you know, she's a
Speaker 2: managing editor Markets Today for Bloomberg News.
Speaker 1: Christine, what are you looking at today? We got to
Speaker 1: take a look, of course at SpaceX here. I mean
Speaker 1: Charlie mentioned it right. We're seeing a little bit of
Speaker 1: a decline now, so it took her sp CX. Those
Speaker 1: shres are now down more than four percent at the moment,
Speaker 1: so we're seeing a little bit of that kind of
Speaker 1: getting back to normal after the sky high, very hot
Speaker 1: debut last week. But still, as we know from yesterday,
Speaker 1: SpaceX did become the fifth largest stock in the world,
Speaker 1: overtaking Amazon and briefly even topping Microsoft, and you know,
Speaker 1: retail activities still remains strong. Some data from Vanda Research
Speaker 1: showing that retail investors each day since the SpaceX IPO
Speaker 1: have been buying and at the same time, apparently we've
Speaker 1: been seeing a little bit of Tesla shares being sold,
Speaker 1: a little bit of a rotation within the Elon Musk complex. Yeah,
Speaker 1: and we had anticipated that there will be some kind
Speaker 1: of movement like that because people wanted to make room
Speaker 1: in their portfolios.
Speaker 2: All right. Next up on your list a company based
Speaker 2: in Chicago.
Speaker 1: Absolutely, SCARLT. We're talking about CMME. Of course, a leadership
Speaker 1: change over there. So CEO Terry Duffy will step down
Speaker 1: on March first. That's going to be next year in
Speaker 1: transition to executive chairman and filling his shoes going to
Speaker 1: be Lynn Fitzpatrick. So seem under Duffy's reign has grown
Speaker 1: to more than ninety billion dollars in terms of market
Speaker 1: cap since it went public in two thousand and two.
Speaker 1: And of course, Duffy led a company through a series
Speaker 1: of shifts and deals, including a twenty twenty one deal
Speaker 1: with Google to help the derivetives exchange operator with its
Speaker 1: technology needs. I was in Chicago actually over the weekend,
Speaker 1: great weather. I'm not sure about the pizza.
Speaker 2: Not sure about of pizza. I like the Jeta Oh,
Speaker 2: I mean it's different, but it's not really pizza. It's
Speaker 2: something else.
Speaker 1: It's like what's with pizza?
Speaker 2: It's like a kish with sauce.
Speaker 1: Yeah, it's good though, Coinbase one more. All right, let's
Speaker 1: talk about coin Base today. So not much movement actually
Speaker 1: there ticker COI and those shares are up now just
Speaker 1: two tens of one percent, But we did see some
Speaker 1: pre market declines after the company announced that it redesigned
Speaker 1: its Base app and introducing new products like an AI
Speaker 1: powered advisor, private transactions, pre IPO, perpetual futures options trading,
Speaker 1: and token ised stocks. That is a lot and analysts
Speaker 1: are receiving it as a mixed bag. Piper Sandler is
Speaker 1: Patrick Mowley noting that, you know, they've announced a lot
Speaker 1: of new products, but there's a lot of pressure as
Speaker 1: well for them to monetize these new offerings, and of
Speaker 1: course it doesn't help. Bitcoins still very much under pressure
Speaker 1: and has yet to recover to that seventy thousand handle
Speaker 1: that we saw over April and May.
Speaker 2: The Stock Mover's report from Bloomberg Radio. Check back with
Speaker 2: us throughout the day for the latest roundup of companies
Speaker 2: making news on Wall Street and for the latest market
Speaker 2: moving headlines. Listen to Bloomberg Radio Live, catch us on YouTube,
Speaker 2: Bloomberg dot com, and on Applecarplay and Android Auto with
Speaker 2: the Bloomberg Business app,