1 00:00:02,520 --> 00:00:07,440 Speaker 1: Bloomberg Audio Studios, podcasts, radio news. 2 00:00:08,560 --> 00:00:12,440 Speaker 2: The Stock Movers Report, your roundup of companies making moves 3 00:00:12,480 --> 00:00:16,720 Speaker 2: in the stock market, harnessing the power of Bloomberg Data. 4 00:00:16,960 --> 00:00:20,320 Speaker 3: I'm Carol Masser along with Tim Stanovek. Let's get to 5 00:00:20,440 --> 00:00:22,720 Speaker 3: some stocks on the move on this Friday with us 6 00:00:22,720 --> 00:00:26,520 Speaker 3: as Bloomberg News process at reporter Isabelle Lee isabel the 7 00:00:26,600 --> 00:00:29,160 Speaker 3: mag seven always front and center. And you've got two 8 00:00:29,200 --> 00:00:31,840 Speaker 3: that you are watching, Alphabet and Amazon. 9 00:00:32,320 --> 00:00:35,159 Speaker 1: Alphabet and Amazon, and both are kind of moving in 10 00:00:35,159 --> 00:00:39,360 Speaker 1: opposite directions. Amazon shares are down by almost one percent, well, 11 00:00:39,400 --> 00:00:41,360 Speaker 1: Alphabet is up by three tens to one percent. So 12 00:00:41,640 --> 00:00:45,280 Speaker 1: both are reacting to the FTC investigating whether they both 13 00:00:45,320 --> 00:00:48,240 Speaker 1: misled advertisers that place adds on their website. That's according 14 00:00:48,240 --> 00:00:50,559 Speaker 1: to people familiar with the matter. So the probes, mark 15 00:00:50,600 --> 00:00:54,680 Speaker 1: affront and the regulatory scrutiny even as these tech companies 16 00:00:54,760 --> 00:00:57,680 Speaker 1: try to win the approval of President Donald Trump. So 17 00:00:57,760 --> 00:01:01,040 Speaker 1: judgees overseeing two Justice Department cases against Google have already 18 00:01:01,080 --> 00:01:04,000 Speaker 1: found that the company has illegal monopolies in online search. 19 00:01:04,040 --> 00:01:06,639 Speaker 1: And I think this is also very topical because digital 20 00:01:06,640 --> 00:01:10,240 Speaker 1: advertising has really overtaken offline advertising and it's really just 21 00:01:10,280 --> 00:01:12,920 Speaker 1: becoming a big deal, especially with vast tropes of consumer 22 00:01:13,000 --> 00:01:15,600 Speaker 1: data that online ads can target. I mean, even with 23 00:01:15,680 --> 00:01:17,959 Speaker 1: us in news, it's one thing to have a print story, 24 00:01:18,000 --> 00:01:20,560 Speaker 1: but online is where you think things live forever. 25 00:01:21,840 --> 00:01:25,160 Speaker 4: Okay, Okay, I don't have a good segue. Its like 26 00:01:25,200 --> 00:01:27,200 Speaker 4: you got so insider baseball there at the end when 27 00:01:27,200 --> 00:01:29,840 Speaker 4: we're talking about these tech companies, Let's go sort of 28 00:01:29,840 --> 00:01:31,800 Speaker 4: old school here. Warner Brothers Discovery. 29 00:01:32,440 --> 00:01:35,880 Speaker 1: Warner Brothers Discovery shares are higher by twenty percent. The 30 00:01:35,920 --> 00:01:39,759 Speaker 1: ticker is WBD, so they're extending a Thursday rally after 31 00:01:39,800 --> 00:01:42,480 Speaker 1: Paramount's guidance is said to be preparing a bid for 32 00:01:42,520 --> 00:01:45,039 Speaker 1: the company. So this is the Hollywood studio taken over 33 00:01:45,080 --> 00:01:48,840 Speaker 1: by filmmaker David Ellison, the son of Oracles Larry Ellison. 34 00:01:48,960 --> 00:01:52,000 Speaker 1: So Paramount chairs are also slightly up. So Barclay says 35 00:01:52,040 --> 00:01:54,040 Speaker 1: if this deal goes through, it will be a significant 36 00:01:54,080 --> 00:01:57,720 Speaker 1: strategic positive for both companies, and a merger would combine 37 00:01:57,720 --> 00:02:01,559 Speaker 1: companies with recognizable movies and TV shows and again shrink 38 00:02:01,840 --> 00:02:04,320 Speaker 1: legacy media studios from four to five. 39 00:02:04,440 --> 00:02:06,480 Speaker 3: The stock is on a tear this week, and it's 40 00:02:06,520 --> 00:02:07,520 Speaker 3: up like sixty percent. 41 00:02:07,560 --> 00:02:08,000 Speaker 2: I get it. 42 00:02:08,040 --> 00:02:10,000 Speaker 3: I mean when you jump as much as you have, 43 00:02:10,240 --> 00:02:12,840 Speaker 3: what does this meet for David's aslov I have no idea. 44 00:02:12,960 --> 00:02:16,360 Speaker 4: I would imagine a pay package if this deal. 45 00:02:16,160 --> 00:02:19,160 Speaker 3: Goes two deal goes through, those who watch this compensation 46 00:02:19,200 --> 00:02:22,560 Speaker 3: would say it's been pretty good. Yeahs compensation to say yeah, yeah. 47 00:02:22,600 --> 00:02:25,000 Speaker 3: All right. One more We've got to ask you about Gemini. 48 00:02:25,040 --> 00:02:27,440 Speaker 3: It's something we've been talking about it. It's been trading 49 00:02:27,440 --> 00:02:29,720 Speaker 3: for about an hour now, and this is one of 50 00:02:29,760 --> 00:02:31,560 Speaker 3: the IPOs in a very very busy. 51 00:02:31,320 --> 00:02:34,880 Speaker 1: Week, very busy week. The tickeris g m I GEMI. 52 00:02:35,120 --> 00:02:37,560 Speaker 1: The stock is up by more than twenty percent, and 53 00:02:37,600 --> 00:02:39,760 Speaker 1: this is a great deal for the company because the 54 00:02:39,760 --> 00:02:42,080 Speaker 1: crypto Exchange raised more than four hundred million in a 55 00:02:42,120 --> 00:02:44,960 Speaker 1: pack week for US listings. And this is founded in 56 00:02:45,000 --> 00:02:47,840 Speaker 1: twenty fourteen by Winklevoss Twins or some call them winkle 57 00:02:47,880 --> 00:02:50,320 Speaker 1: By and Gemini has more than twenty one billion of 58 00:02:50,360 --> 00:02:53,080 Speaker 1: assets in the platform. So the ipo again comes as 59 00:02:53,080 --> 00:02:54,840 Speaker 1: a busy week, which could be good or bad because 60 00:02:54,880 --> 00:02:57,600 Speaker 1: maybe it shows that appetite may be fatigue. But again 61 00:02:57,840 --> 00:03:00,640 Speaker 1: this shows that no, you still see on hunger, you 62 00:03:00,639 --> 00:03:03,600 Speaker 1: still see appetite and Gemini joins a rush of crypto 63 00:03:03,639 --> 00:03:06,360 Speaker 1: listings that we saw this year, from stable client issuer 64 00:03:06,440 --> 00:03:09,120 Speaker 1: circle to crypto exchange bullish. So I think people are 65 00:03:09,160 --> 00:03:12,480 Speaker 1: really excited for Gemini space Station. With shares jumping. 66 00:03:14,080 --> 00:03:18,120 Speaker 2: The Stock Movers report from Bloomberg Radio. Check back with 67 00:03:18,200 --> 00:03:20,760 Speaker 2: us throughout the day for the latest roundup of companies 68 00:03:20,840 --> 00:03:23,919 Speaker 2: making news on Wall Street and for the latest market 69 00:03:23,960 --> 00:03:28,400 Speaker 2: moving headlines. Listen to Bloomberg Radio Live, catch us on YouTube, 70 00:03:28,520 --> 00:03:32,000 Speaker 2: Bloomberg dot com, and on Applecarplay and Android Auto with 71 00:03:32,080 --> 00:03:33,560 Speaker 2: the Bloomberg Business app.