WEBVTT - MSG Sports; Intel Soars; SpaceX Set to Decline

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<v Speaker 1>Bloomberg Audio Studios, podcasts, radio News.

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<v Speaker 2>The Stock Movers Report, your roundup of companies making moves

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<v Speaker 2>in the stock market, harnessing the power of Bloomberg Data.

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<v Speaker 2>Let's take a look at some of the stocks on

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<v Speaker 2>the move today, and we can do that with Christine Aquino.

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<v Speaker 1>Christine, what are you looking at today? All right, Paul,

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<v Speaker 1>we got to take a look at MSG. Of course,

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<v Speaker 1>in honor of the Knicks parade. That stock was actually

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<v Speaker 1>up earlier this morning, but now down. For Get this

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<v Speaker 1>the fifth day in a row. You'd think that the

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<v Speaker 1>championship would do well for MSG stocks, but that is

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<v Speaker 1>not the case. It's currently down about two tenths of

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<v Speaker 1>one percent. But you know, as we were from Lisa,

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<v Speaker 1>there's a lot of people still over there. Apparently for

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<v Speaker 1>the NYPD, they have ten thousand officers at the event,

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<v Speaker 1>and that is the largest force to be deployed for

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<v Speaker 1>a planned event in the New York City's history. And

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<v Speaker 1>apparently viewing eras were open as early as six am.

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<v Speaker 1>I know this for a fact because as I was

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<v Speaker 1>meeting in there were people in Knicks geared trying to

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<v Speaker 1>make their way into the city. It was closed by

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<v Speaker 1>eight am, right the pens were absolutely full, but so

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<v Speaker 1>clearly the value of a Knicks championship very much on

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<v Speaker 1>display today. But earlier this week, apparently John Rodgers from

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<v Speaker 1>Aerial Investments spoke to bloomber TV's Romain Boss six and

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<v Speaker 1>saying that maybe MSG should split into do companies because

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<v Speaker 1>its share price at the moment does not reflect the

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<v Speaker 1>value of the Knicks or the Rangers. Yeah, and that

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<v Speaker 1>was definitely something that the company has actually filed paperwork,

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<v Speaker 1>so that's certainly a possibility. But then of course that

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<v Speaker 1>raised his questions about whether James Doolin might want to

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<v Speaker 1>sell the Knicks.

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<v Speaker 2>Probably not given what happened that Next up on your

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<v Speaker 2>list of stocks.

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<v Speaker 1>Bar It's car, we got to take a look at

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<v Speaker 1>Intel as well. Take her I n TC that shares.

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<v Speaker 1>Shares are doing really well today actually extending gains now

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<v Speaker 1>up more than a percent. And that is after President

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<v Speaker 1>Donald Trump said that it will work alongside Apple to

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<v Speaker 1>design and produce semiconductors domestically. So the President mentioned this

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<v Speaker 1>in the truth social post did not provide details, but

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<v Speaker 1>Apple has held exploratory discussions about using Intel and Samsung

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<v Speaker 1>to produce the main processors for its devices in the US,

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<v Speaker 1>and so for Intel CEO Lip Bhutan is crucial to

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<v Speaker 1>find external customers for its chip production because that is

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<v Speaker 1>key to the company's comeback plan. One more, let's take

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<v Speaker 1>a look at SpaceX today. Paul again down more than

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<v Speaker 1>six percent, so down for a second day in a

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<v Speaker 1>row after a whole week of trading, is still on

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<v Speaker 1>track to end the week about thirty five percent above

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<v Speaker 1>its IPO price of one hundred and thirty five dollars.

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<v Speaker 1>And you know, we know that SpaceX will be eligible

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<v Speaker 1>to be added to the NAZAK one hundred index after

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<v Speaker 1>fifteen days of training, so that could potentially be another

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<v Speaker 1>boost to the shares, given at about thirty percent of

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<v Speaker 1>its free float is set to be owned by passive investors.

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<v Speaker 1>Here's a great quote from a story about SpaceX today

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<v Speaker 1>from Michael Monhan from Founder Funds in Dallas. They got

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<v Speaker 1>very comfortable owning the stop because they could see two

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<v Speaker 1>hundred billion dollars of revenue in twenty thirty But literally

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<v Speaker 1>and figuratively, you need a rocket to get to those revenues.

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<v Speaker 2>The Stockmovers Report from Bloomberg Radio. Check back with us

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<v Speaker 2>throughout the day for the latest roundup of companies making

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