1 00:00:02,520 --> 00:00:10,440 Speaker 1: Bloomberg Audio Studios podcasts, radio news, The Stock Movers podcast, 2 00:00:10,800 --> 00:00:14,040 Speaker 1: your roundup of companies making moves in the stock market, 3 00:00:14,240 --> 00:00:16,480 Speaker 1: harnessing the power of Bloomberg data. 4 00:00:17,880 --> 00:00:21,320 Speaker 2: Stock Movers about the stocks of the day. Busy day. 5 00:00:21,400 --> 00:00:22,400 Speaker 2: Here's Lisa Monteo. 6 00:00:22,720 --> 00:00:25,079 Speaker 3: Okay, I want to start with bitcoin because it's trading 7 00:00:25,079 --> 00:00:27,280 Speaker 3: at a record right, one hundred and twenty thousand House 8 00:00:27,320 --> 00:00:30,760 Speaker 3: of Representatives getting ready to consider that crypto related legislation 9 00:00:30,960 --> 00:00:34,320 Speaker 3: because Crypto Week it kicks off today. Ether, the second 10 00:00:34,360 --> 00:00:37,199 Speaker 3: latgage token, also advanced a number of smaller coins. So 11 00:00:37,280 --> 00:00:39,320 Speaker 3: I want to point out a few crypto related stocks 12 00:00:39,320 --> 00:00:42,879 Speaker 3: on the rice, particularly coinbase. Take your co i n 13 00:00:42,960 --> 00:00:45,720 Speaker 3: They're up nearly two percent. But also you look at 14 00:00:45,760 --> 00:00:49,760 Speaker 3: places companies like Riot Platforms up three percent, Mara Holdings 15 00:00:49,920 --> 00:00:50,920 Speaker 3: up four. 16 00:00:52,360 --> 00:00:53,080 Speaker 1: Che go on. 17 00:00:54,960 --> 00:00:59,040 Speaker 3: Are You'm like who? But if you track kind of 18 00:00:59,080 --> 00:01:01,640 Speaker 3: the progress, you know it serves after President Trump was 19 00:01:01,680 --> 00:01:04,639 Speaker 3: elected right to that second term. But listen to this figure. 20 00:01:04,680 --> 00:01:07,880 Speaker 3: Investors poured more than two point seven billion dollars into 21 00:01:07,920 --> 00:01:12,240 Speaker 3: the Group of US Bitcoin ETFs last week. Yeah, so 22 00:01:12,520 --> 00:01:17,840 Speaker 3: big money there. The twelve etsag a billion in assets, 23 00:01:18,040 --> 00:01:18,720 Speaker 3: So you see. 24 00:01:19,440 --> 00:01:26,000 Speaker 2: Morning Kisson Rock Colorado, Ryan Platform seven eighty three employees. 25 00:01:26,120 --> 00:01:27,160 Speaker 1: Paul, it's all. 26 00:01:27,040 --> 00:01:29,319 Speaker 2: This money going in and there's a limited supply A 27 00:01:29,319 --> 00:01:29,960 Speaker 2: bit dark. 28 00:01:29,920 --> 00:01:33,199 Speaker 3: Right, that's the Mike McGlone call from ten years ago. 29 00:01:33,360 --> 00:01:35,280 Speaker 3: I mean limited supplying increasing. 30 00:01:35,400 --> 00:01:36,920 Speaker 2: Next it's way too much bitcoin. 31 00:01:37,400 --> 00:01:40,600 Speaker 3: Next time, never too much. Okay, ken View take your 32 00:01:40,680 --> 00:01:43,240 Speaker 3: kV u e. Their shares have been up as much 33 00:01:43,240 --> 00:01:45,160 Speaker 3: as six and a half percent. You know they make 34 00:01:45,240 --> 00:01:48,560 Speaker 3: talent on nutro Gina, listerine. The big news they said, 35 00:01:48,560 --> 00:01:52,160 Speaker 3: it's CEO is leaving board director Kirk Perry taking over 36 00:01:52,200 --> 00:01:55,640 Speaker 3: an interim. This is effective immediately they'd be really been 37 00:01:55,680 --> 00:01:58,760 Speaker 3: under pressure activist investors. They want to change how the 38 00:01:58,760 --> 00:02:01,880 Speaker 3: company structured, how the company runs. And this is ever since. 39 00:02:01,880 --> 00:02:04,120 Speaker 3: Remember when I spun off from Johnson and Johnson back 40 00:02:04,160 --> 00:02:07,080 Speaker 3: in twenty twenty three. So ken Vu says, yes, a 41 00:02:07,120 --> 00:02:11,040 Speaker 3: strategic a strategic review is under strategic easy to say yes, 42 00:02:11,080 --> 00:02:11,519 Speaker 3: But that's. 43 00:02:11,440 --> 00:02:13,640 Speaker 2: The starboard, starboard. What do you think of parts? I 44 00:02:13,639 --> 00:02:17,639 Speaker 2: mean's skillming, New Jersey, YEP, starters going after. 45 00:02:17,440 --> 00:02:18,400 Speaker 3: It, Bloomberg's and skill. 46 00:02:18,960 --> 00:02:21,600 Speaker 2: Yeah, I know, I went. I went a couple of times. 47 00:02:21,600 --> 00:02:22,320 Speaker 2: I gave a speech. 48 00:02:22,600 --> 00:02:24,320 Speaker 1: Did you see their food court. 49 00:02:24,120 --> 00:02:27,000 Speaker 3: Oh, the new and improved food court is incredible. 50 00:02:27,080 --> 00:02:28,639 Speaker 2: What do you stop there on the way home? 51 00:02:28,760 --> 00:02:29,720 Speaker 1: Yes, exactly. 52 00:02:29,880 --> 00:02:32,440 Speaker 3: Back in the day next last we would have put 53 00:02:32,480 --> 00:02:36,000 Speaker 3: it Tesla. Their shares ticker t SLA have been up 54 00:02:36,000 --> 00:02:39,600 Speaker 3: about one percent. So Elon must basically said Tesla's shareholders 55 00:02:39,600 --> 00:02:41,880 Speaker 3: are going to vote on investing in x A. I 56 00:02:42,280 --> 00:02:45,480 Speaker 3: so tapping into his own companies to help fund this 57 00:02:45,720 --> 00:02:48,600 Speaker 3: AI startup. I mean the Wall Street Journal kind of hinted. 58 00:02:48,639 --> 00:02:51,600 Speaker 3: They said that SpaceX was going to commit two billion toward, 59 00:02:51,760 --> 00:02:53,280 Speaker 3: you know, a fundraising round. 60 00:02:53,280 --> 00:02:55,360 Speaker 2: Right, the government's going to commit Is that like a 61 00:02:55,400 --> 00:02:58,240 Speaker 2: funnel of government funding over to it. 62 00:02:58,240 --> 00:02:58,720 Speaker 1: It's tough. 63 00:02:58,720 --> 00:03:00,280 Speaker 3: I mean, they're just they're trying to catch up in 64 00:03:00,280 --> 00:03:01,720 Speaker 3: the AI space. They're far behind. 65 00:03:03,600 --> 00:03:06,640 Speaker 2: I'm far behind it. I bought a book this weekend 66 00:03:06,720 --> 00:03:09,880 Speaker 2: intro to AI am Okay, yeah, okay, one hundred and 67 00:03:09,919 --> 00:03:14,320 Speaker 2: sixty eight pages. I want the CFLs. 68 00:03:15,960 --> 00:03:17,680 Speaker 3: Okay, I know, I know, But you know he's been 69 00:03:17,760 --> 00:03:19,800 Speaker 3: he's been arguing with President Trump, so that's not helping. 70 00:03:21,000 --> 00:03:25,120 Speaker 1: The Stock Movers podcast from Bloomberg Radio. Check back with 71 00:03:25,240 --> 00:03:28,000 Speaker 1: us throughout the day for the latest roundup of companies 72 00:03:28,000 --> 00:03:31,080 Speaker 1: making news on Wall Street and for the latest market 73 00:03:31,080 --> 00:03:35,440 Speaker 1: moving headlines. Listen to Bloomberg Radio Live. Catch us on YouTube, 74 00:03:35,520 --> 00:03:38,760 Speaker 1: Bloomberg dot com, and on Applecarplay and Android Auto with 75 00:03:38,840 --> 00:03:40,280 Speaker 1: the Bloomberg Business app.