Speaker 1: Bloomberg Audio Studios, podcasts, radio News.
Speaker 2: The Stock Movers Report, your roundup of companies making moves
Speaker 2: in the stock market, harnessing the power of Bloomberg Data.
Speaker 2: Let's take a look at some of the stocks on
Speaker 2: the move today, and we can do that with Christine Aquino.
Speaker 1: Christine, what are you looking at today? All right, Paul,
Speaker 1: we got to take a look at MSG. Of course,
Speaker 1: in honor of the Knicks parade. That stock was actually
Speaker 1: up earlier this morning, but now down. For Get this
Speaker 1: the fifth day in a row. You'd think that the
Speaker 1: championship would do well for MSG stocks, but that is
Speaker 1: not the case. It's currently down about two tenths of
Speaker 1: one percent. But you know, as we were from Lisa,
Speaker 1: there's a lot of people still over there. Apparently for
Speaker 1: the NYPD, they have ten thousand officers at the event,
Speaker 1: and that is the largest force to be deployed for
Speaker 1: a planned event in the New York City's history. And
Speaker 1: apparently viewing eras were open as early as six am.
Speaker 1: I know this for a fact because as I was
Speaker 1: meeting in there were people in Knicks geared trying to
Speaker 1: make their way into the city. It was closed by
Speaker 1: eight am, right the pens were absolutely full, but so
Speaker 1: clearly the value of a Knicks championship very much on
Speaker 1: display today. But earlier this week, apparently John Rodgers from
Speaker 1: Aerial Investments spoke to bloomber TV's Romain Boss six and
Speaker 1: saying that maybe MSG should split into do companies because
Speaker 1: its share price at the moment does not reflect the
Speaker 1: value of the Knicks or the Rangers. Yeah, and that
Speaker 1: was definitely something that the company has actually filed paperwork,
Speaker 1: so that's certainly a possibility. But then of course that
Speaker 1: raised his questions about whether James Doolin might want to
Speaker 1: sell the Knicks.
Speaker 2: Probably not given what happened that Next up on your
Speaker 2: list of stocks.
Speaker 1: Bar It's car, we got to take a look at
Speaker 1: Intel as well. Take her I n TC that shares.
Speaker 1: Shares are doing really well today actually extending gains now
Speaker 1: up more than a percent. And that is after President
Speaker 1: Donald Trump said that it will work alongside Apple to
Speaker 1: design and produce semiconductors domestically. So the President mentioned this
Speaker 1: in the truth social post did not provide details, but
Speaker 1: Apple has held exploratory discussions about using Intel and Samsung
Speaker 1: to produce the main processors for its devices in the US,
Speaker 1: and so for Intel CEO Lip Bhutan is crucial to
Speaker 1: find external customers for its chip production because that is
Speaker 1: key to the company's comeback plan. One more, let's take
Speaker 1: a look at SpaceX today. Paul again down more than
Speaker 1: six percent, so down for a second day in a
Speaker 1: row after a whole week of trading, is still on
Speaker 1: track to end the week about thirty five percent above
Speaker 1: its IPO price of one hundred and thirty five dollars.
Speaker 1: And you know, we know that SpaceX will be eligible
Speaker 1: to be added to the NAZAK one hundred index after
Speaker 1: fifteen days of training, so that could potentially be another
Speaker 1: boost to the shares, given at about thirty percent of
Speaker 1: its free float is set to be owned by passive investors.
Speaker 1: Here's a great quote from a story about SpaceX today
Speaker 1: from Michael Monhan from Founder Funds in Dallas. They got
Speaker 1: very comfortable owning the stop because they could see two
Speaker 1: hundred billion dollars of revenue in twenty thirty But literally
Speaker 1: and figuratively, you need a rocket to get to those revenues.
Speaker 2: The Stockmovers Report from Bloomberg Radio. Check back with us
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