WEBVTT - Strategy Jumps on Buyback Program, Comcast Rises, Roblox Soars

0:00:02.520 --> 0:00:07.000
<v Speaker 1>Bloomberg Audio Studios, podcasts, radio News.

0:00:08.520 --> 0:00:12.440
<v Speaker 2>The Stock Movers report, your roundup of companies making moves

0:00:12.440 --> 0:00:15.880
<v Speaker 2>in the stock market, harnessing the power of Bloomberg Data.

0:00:16.600 --> 0:00:18.959
<v Speaker 1>Carol Master along with Tim Stanwick, let's get to you

0:00:19.000 --> 0:00:22.319
<v Speaker 1>some stocks on the move on this Monday. Joining us

0:00:22.400 --> 0:00:24.520
<v Speaker 1>to do that, of course, it's Bloomberg News. Cross a

0:00:24.600 --> 0:00:27.240
<v Speaker 1>reporter Janita t Sekova. She is here with stocks on

0:00:27.360 --> 0:00:27.760
<v Speaker 1>the move.

0:00:28.560 --> 0:00:29.440
<v Speaker 2>Where shall we begin.

0:00:29.920 --> 0:00:33.080
<v Speaker 3>Let's start with Crypto. We're talking about good quarters, but

0:00:33.240 --> 0:00:37.120
<v Speaker 3>Crypto has had a pretty bad quarter and where else

0:00:37.159 --> 0:00:40.919
<v Speaker 3>to look at a micro strategy. It's actually down forty

0:00:41.000 --> 0:00:46.200
<v Speaker 3>percent here today and today's day relief. Michael Sawer's company

0:00:46.560 --> 0:00:49.440
<v Speaker 3>isn't feeling a sweeping overhaul of that financial model that

0:00:49.560 --> 0:00:52.440
<v Speaker 3>has been boosting the company for quite some time. They

0:00:52.520 --> 0:00:56.320
<v Speaker 3>plan to sell up to one point and a quarter

0:00:56.400 --> 0:01:00.120
<v Speaker 3>billion of bitcoin, which seems crazy. It seems for a

0:01:00.200 --> 0:01:02.000
<v Speaker 3>very long time that the company was a big older.

0:01:02.040 --> 0:01:05.280
<v Speaker 3>They keep buying, they keep buying. Clearly that model is

0:01:05.400 --> 0:01:08.560
<v Speaker 3>changing and there is a lot of pressure. They established

0:01:08.600 --> 0:01:11.520
<v Speaker 3>two repurchase programs of their own shares, both Common and

0:01:11.600 --> 0:01:15.320
<v Speaker 3>Prefer shares up to one billion each. The motto is

0:01:15.480 --> 0:01:20.080
<v Speaker 3>they're gonna sell cryptocurrencies, buybacked securities, and preserve equality for

0:01:20.160 --> 0:01:24.480
<v Speaker 3>the company. Clearly a model that works in pretty tough times.

0:01:25.080 --> 0:01:26.840
<v Speaker 3>But shares are up thirteen percent today.

0:01:26.880 --> 0:01:29.959
<v Speaker 4>I think the concern that people have is if you

0:01:30.120 --> 0:01:33.360
<v Speaker 4>have somebody like Michael Saylor, who is the epitome of

0:01:33.360 --> 0:01:37.720
<v Speaker 4>the bitcoin faithful, starting to liquidate some of the bitcoin,

0:01:38.319 --> 0:01:43.000
<v Speaker 4>you know, and these guys were you know, original hoddlers,

0:01:43.920 --> 0:01:45.920
<v Speaker 4>then what does it mean about the overall attitude around

0:01:45.959 --> 0:01:46.760
<v Speaker 4>the cryptocurrency.

0:01:46.760 --> 0:01:48.640
<v Speaker 3>And you can see it in sentiment, you can see

0:01:48.680 --> 0:01:51.360
<v Speaker 3>it in big cooin prices. Of course, a lot of

0:01:51.440 --> 0:01:54.320
<v Speaker 3>a big part of the prolonged crypto winter was part

0:01:54.360 --> 0:01:56.800
<v Speaker 3>of the fact that micro strategy is selling and a

0:01:56.840 --> 0:02:02.520
<v Speaker 3>lot of the you know, even like mim cryptocurrencies, a

0:02:02.520 --> 0:02:05.440
<v Speaker 3>lot of the ETFs around it, like the whole universe

0:02:05.440 --> 0:02:08.760
<v Speaker 3>of complex speculative bits around crypto is sinking. It's not

0:02:08.840 --> 0:02:10.320
<v Speaker 3>just strategy, It's not just bitcoin.

0:02:10.440 --> 0:02:13.880
<v Speaker 1>I mean, so goes bitcoin, so goes strategy. Right strategy,

0:02:13.919 --> 0:02:16.160
<v Speaker 1>I mean it's as simple as that, because you just

0:02:16.160 --> 0:02:19.960
<v Speaker 1>take a look at what it's balanceeet is, so you know,

0:02:20.040 --> 0:02:22.680
<v Speaker 1>when it's doing really well, yay, but when it's not

0:02:23.080 --> 0:02:26.600
<v Speaker 1>it's a pretty clear story and cause and effect, if

0:02:26.600 --> 0:02:28.560
<v Speaker 1>you will. All right, let's go on over to another

0:02:28.880 --> 0:02:31.040
<v Speaker 1>company and stock that is storing today.

0:02:31.680 --> 0:02:36.000
<v Speaker 3>Very different story. Comcast plans to spin off NBC Universal

0:02:36.160 --> 0:02:38.840
<v Speaker 3>and Sky. Of course, that comes after a decade the

0:02:38.880 --> 0:02:41.920
<v Speaker 3>company has been kind of struggling to show that a

0:02:42.040 --> 0:02:45.799
<v Speaker 3>cable and media conglomerate is working. But today we saw

0:02:45.880 --> 0:02:48.200
<v Speaker 3>quite the reaction in earlier training in such as much

0:02:48.240 --> 0:02:51.600
<v Speaker 3>as seventeen percent. Now it's about six percent. The ticker

0:02:51.680 --> 0:02:56.200
<v Speaker 3>we're looking at is cmc SA. They of course have

0:02:56.880 --> 0:02:59.920
<v Speaker 3>common shares and preferred shares. The new company, NBC Universal

0:03:00.080 --> 0:03:04.240
<v Speaker 3>will hold the theme park division, Universal Fume, NBC Telemundo,

0:03:04.480 --> 0:03:07.320
<v Speaker 3>and Peacock streaming services as well as well as in

0:03:07.360 --> 0:03:07.960
<v Speaker 3>Europe they have.

0:03:07.960 --> 0:03:09.720
<v Speaker 1>Sky Wedding games. Yeah.

0:03:09.880 --> 0:03:14.480
<v Speaker 3>Well, Comcast, we retained the company cable TV, broadband and wireless,

0:03:14.520 --> 0:03:17.840
<v Speaker 3>so it's splitting. It's really interesting. The company will keep

0:03:17.919 --> 0:03:21.200
<v Speaker 3>us take of up to twenty percent in NBC Universal

0:03:21.240 --> 0:03:23.000
<v Speaker 3>for as much as twelve months. Of course, a lot

0:03:23.040 --> 0:03:25.440
<v Speaker 3>can change in the meantime, but clearly the direction of

0:03:25.520 --> 0:03:29.000
<v Speaker 3>travel is that cable viewership is going down and they're

0:03:29.040 --> 0:03:30.120
<v Speaker 3>separating the businesses.

0:03:30.320 --> 0:03:31.720
<v Speaker 4>I mean it's pretty wild. If you've been following this

0:03:31.760 --> 0:03:34.160
<v Speaker 4>story over the last fifteen years or so, I mean

0:03:34.160 --> 0:03:37.200
<v Speaker 4>this is this was such a big deal. Yeah, yeah,

0:03:37.240 --> 0:03:40.840
<v Speaker 4>when they bought those assets and now I mean the

0:03:40.960 --> 0:03:43.400
<v Speaker 4>unbundling of it, the unraveling of it is. It just

0:03:43.400 --> 0:03:45.200
<v Speaker 4>says so much about where we are in today's media.

0:03:45.240 --> 0:03:45.880
<v Speaker 4>Ecosys Media.

0:03:45.920 --> 0:03:47.600
<v Speaker 1>There was also a period go all the way back

0:03:47.600 --> 0:03:49.640
<v Speaker 1>to General Electric, right, and it was kind of a

0:03:49.680 --> 0:03:53.520
<v Speaker 1>star too of their universe or one of the aspects

0:03:53.520 --> 0:03:55.280
<v Speaker 1>where you were making a lot of money off of cable.

0:03:56.160 --> 0:03:58.320
<v Speaker 1>It's so interesting that this past weekend we were like,

0:03:58.520 --> 0:04:00.440
<v Speaker 1>is it time to just get rid of cable completely

0:04:01.240 --> 0:04:02.640
<v Speaker 1>and go to like YouTube TV?

0:04:03.160 --> 0:04:06.120
<v Speaker 4>And even I know, we pay so much more than

0:04:06.120 --> 0:04:07.960
<v Speaker 4>we would pay if we just had cable for all

0:04:07.960 --> 0:04:09.160
<v Speaker 4>of these streaming services.

0:04:09.240 --> 0:04:10.600
<v Speaker 1>And by the way, it's a bundle.

0:04:10.760 --> 0:04:14.400
<v Speaker 4>They're getting very good at making so you can't actually share.

0:04:15.440 --> 0:04:17.719
<v Speaker 3>Yes, they're getting very used to share a little.

0:04:17.760 --> 0:04:20.640
<v Speaker 1>It's hardhart real quickly. Twenty five seconds on road Block.

0:04:20.760 --> 0:04:23.760
<v Speaker 3>Roadbooks shares are up fifteen percent. We had an upgrade

0:04:23.760 --> 0:04:26.920
<v Speaker 3>from a RATI. It's from neutral to buy. That company

0:04:26.920 --> 0:04:30.480
<v Speaker 3>has been under so much pressure down forty one percent today.

0:04:30.560 --> 0:04:34.320
<v Speaker 3>Some optimism. They set two hundred twenty twenty seven. Bookings

0:04:34.360 --> 0:04:37.480
<v Speaker 3>come in five percent ahead consensus that company has a

0:04:37.560 --> 0:04:41.159
<v Speaker 3>lot of lawsuits and issues going on, so definitely pretty

0:04:41.240 --> 0:04:44.320
<v Speaker 3>dark topics happening there, and the company is having a

0:04:44.360 --> 0:04:46.400
<v Speaker 3>tough here and a good day today.

0:04:47.440 --> 0:04:51.480
<v Speaker 2>The Stock Mover's Report from Bloomberg Radio. Check back with

0:04:51.560 --> 0:04:54.159
<v Speaker 2>us throughout the day for the latest roundup of companies

0:04:54.200 --> 0:04:57.279
<v Speaker 2>making news on Wall Street and for the latest market

0:04:57.320 --> 0:05:01.800
<v Speaker 2>moving headlines. Listen to Bloomberg Radio Live, catch us on YouTube,

0:05:01.920 --> 0:05:05.400
<v Speaker 2>Bloomberg dot com, and on Applecarplay and Android Auto with

0:05:05.480 --> 0:05:06.880
<v Speaker 2>the Bloomberg Business app.

0:05:11.120 --> 0:05:11.560
<v Speaker 1>Mm HM