WEBVTT - Tesla Drives Higher; Mastercard Partnership; Circle Neutral Recommendation

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<v Speaker 1>Bloomberg Audio Studios, podcasts, radio news, the Stock Movers podcast,

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<v Speaker 1>your roundup of companies making moves in the stock market,

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<v Speaker 1>harnessing the power of Bloomberg data.

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<v Speaker 2>Well, there's Stock Movers as she prepares for a heated week,

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<v Speaker 2>and Lisa Manteo, you got it.

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<v Speaker 3>We're going to start with Tesla ticker TSLA. It cheers

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<v Speaker 3>on the riser, up about two percent. This is before

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<v Speaker 3>the bell It rolled out those self driving robotaxis and

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<v Speaker 3>Austin over the weekend.

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<v Speaker 1>But there's been.

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<v Speaker 3>Some news around the cars that they initially caused shares

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<v Speaker 3>to drop in postmarket yesterday. They have recovered, but US

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<v Speaker 3>safety regulators they're looking into maybe these cars have violated

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<v Speaker 3>traffic laws, so things like driving in the wrong lane,

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<v Speaker 3>speeding caught videos. Theres are all posted on social media

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<v Speaker 3>by the people who are riding in them. There's been

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<v Speaker 3>some also trouble pressing a button to get the vehicle

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<v Speaker 3>pulled over like that. Regulators are starting to gather some

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<v Speaker 3>more information from Tesla. They're going to look over everything

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<v Speaker 3>to see what the issue is if there is an issue,

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<v Speaker 3>but the City of Austin says they haven't received any

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<v Speaker 3>safety incident reports I don't know, Hopping in one of

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<v Speaker 3>these kind of makes me.

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<v Speaker 2>A little nervous. Let's just make wait.

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<v Speaker 3>You'll wait, y'all, wait, you'll wait until it moves here.

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<v Speaker 3>So since we said mentioned Tesla, I want to go

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<v Speaker 3>to Uber because Uber and Alphabet owned way Mo. They

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<v Speaker 3>kick off their driver lists ride hailing service in Atlanta today,

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<v Speaker 3>So this is really spreading out second market. The two

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<v Speaker 3>companies are teaming up. It had a launch in Austin,

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<v Speaker 3>so shares of Uber take or Uber they've been up

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<v Speaker 3>as much as five percent and duz in these Waymo's

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<v Speaker 3>Romo taxis are spreading across like sixty five miles of Atlanta.

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<v Speaker 3>Plans to expand. And in case you're wondering, you don't

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<v Speaker 3>have to accept the Waimo ride if you are hailing

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<v Speaker 3>an Uber there, you're going to have that option to

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<v Speaker 3>pick driver lists or switch to the human operating. So yeah, no,

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<v Speaker 3>that's a great point. That's a great point too. So

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<v Speaker 3>you you do get the choice. You know, you're not

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<v Speaker 3>stuck with it. But Atlanta, they're a competitive market for

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<v Speaker 3>these things. Because you think about it, Lyft is going

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<v Speaker 3>to launch autonomous ride hailing service in partnership with Toyota

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<v Speaker 3>as soon as this summer there in Atlanta. Then you

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<v Speaker 3>have Amazon Zouks too testing driverless technology.

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<v Speaker 2>I just don't get it.

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<v Speaker 1>People tell me that's where it's going.

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<v Speaker 2>Why not? Why you know it's a yeah?

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<v Speaker 1>I don't know.

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<v Speaker 2>I saw them technology street this morning, the bellies in

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<v Speaker 2>the garage. I walked on the street. The guy shows up.

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<v Speaker 2>He turns a corner and there's six cars waiting for

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<v Speaker 2>a parking garage in his way. How does a driverless

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<v Speaker 2>car get around six cars waiting to get into a

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<v Speaker 2>parking garage. I just don't guess.

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<v Speaker 3>I don't know. I'm nervous driving with my daughter in

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<v Speaker 3>a car. You think I'm gonna get it one with

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<v Speaker 3>no driver in it? I don't know. I want to

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<v Speaker 3>go to Master Cocley. There's shares a higher more than

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<v Speaker 3>two percent. This is ticker m A going deepening its partnership.

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<v Speaker 3>I know he is with fintech company five Serve. They're

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<v Speaker 3>going to integrate their new token across MasterCards products services.

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<v Speaker 3>That's going to expand stable coin adoption utility for their

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<v Speaker 3>shared customers worldwide. I am not a stable coin to

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<v Speaker 3>I know. I know he's having a fit right now,

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<v Speaker 3>five Serve shares because of it has been up as

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<v Speaker 3>much as six percent. That's ticker FI and their shares

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<v Speaker 3>were already higher because it announced plans for the stable

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<v Speaker 3>coin and they're partnering with PayPal Circle to develop products.

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<v Speaker 3>So since we're speaking of Circle, I'm going to hit

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<v Speaker 3>that quickly. Circle Tickers c r CL. They're down as

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<v Speaker 3>much as seven percent. Remember we've been talking about them,

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<v Speaker 3>right they're they're their their shares have been higher, but

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<v Speaker 3>now they're starting to turn lower. The reason why because

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<v Speaker 3>it was initiated at Compass Point Research and Trading, a

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<v Speaker 3>recommendation of neutral, and they're saying that competition in this

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<v Speaker 3>space is going to increase because that legislation was passed,

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<v Speaker 3>you know for US stable coins. So they're saying the

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<v Speaker 3>competition is going to increase. So that's why Circle shares

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<v Speaker 3>are lowered.

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