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 1: Carol Master along with Tim Stanwick, let's get to you
Speaker 1: some stocks on the move on this Monday. Joining us
Speaker 1: to do that, of course, it's Bloomberg News. Cross a
Speaker 1: reporter Janita t Sekova. She is here with stocks on
Speaker 1: the move.
Speaker 2: Where shall we begin.
Speaker 3: Let's start with Crypto. We're talking about good quarters, but
Speaker 3: Crypto has had a pretty bad quarter and where else
Speaker 3: to look at a micro strategy. It's actually down forty
Speaker 3: percent here today and today's day relief. Michael Sawer's company
Speaker 3: isn't feeling a sweeping overhaul of that financial model that
Speaker 3: has been boosting the company for quite some time. They
Speaker 3: plan to sell up to one point and a quarter
Speaker 3: billion of bitcoin, which seems crazy. It seems for a
Speaker 3: very long time that the company was a big older.
Speaker 3: They keep buying, they keep buying. Clearly that model is
Speaker 3: changing and there is a lot of pressure. They established
Speaker 3: two repurchase programs of their own shares, both Common and
Speaker 3: Prefer shares up to one billion each. The motto is
Speaker 3: they're gonna sell cryptocurrencies, buybacked securities, and preserve equality for
Speaker 3: the company. Clearly a model that works in pretty tough times.
Speaker 3: But shares are up thirteen percent today.
Speaker 4: I think the concern that people have is if you
Speaker 4: have somebody like Michael Saylor, who is the epitome of
Speaker 4: the bitcoin faithful, starting to liquidate some of the bitcoin,
Speaker 4: you know, and these guys were you know, original hoddlers,
Speaker 4: then what does it mean about the overall attitude around
Speaker 4: the cryptocurrency.
Speaker 3: And you can see it in sentiment, you can see
Speaker 3: it in big cooin prices. Of course, a lot of
Speaker 3: a big part of the prolonged crypto winter was part
Speaker 3: of the fact that micro strategy is selling and a
Speaker 3: lot of the you know, even like mim cryptocurrencies, a
Speaker 3: lot of the ETFs around it, like the whole universe
Speaker 3: of complex speculative bits around crypto is sinking. It's not
Speaker 3: just strategy, It's not just bitcoin.
Speaker 1: I mean, so goes bitcoin, so goes strategy. Right strategy,
Speaker 1: I mean it's as simple as that, because you just
Speaker 1: take a look at what it's balanceeet is, so you know,
Speaker 1: when it's doing really well, yay, but when it's not
Speaker 1: it's a pretty clear story and cause and effect, if
Speaker 1: you will. All right, let's go on over to another
Speaker 1: company and stock that is storing today.
Speaker 3: Very different story. Comcast plans to spin off NBC Universal
Speaker 3: and Sky. Of course, that comes after a decade the
Speaker 3: company has been kind of struggling to show that a
Speaker 3: cable and media conglomerate is working. But today we saw
Speaker 3: quite the reaction in earlier training in such as much
Speaker 3: as seventeen percent. Now it's about six percent. The ticker
Speaker 3: we're looking at is cmc SA. They of course have
Speaker 3: common shares and preferred shares. The new company, NBC Universal
Speaker 3: will hold the theme park division, Universal Fume, NBC Telemundo,
Speaker 3: and Peacock streaming services as well as well as in
Speaker 3: Europe they have.
Speaker 1: Sky Wedding games. Yeah.
Speaker 3: Well, Comcast, we retained the company cable TV, broadband and wireless,
Speaker 3: so it's splitting. It's really interesting. The company will keep
Speaker 3: us take of up to twenty percent in NBC Universal
Speaker 3: for as much as twelve months. Of course, a lot
Speaker 3: can change in the meantime, but clearly the direction of
Speaker 3: travel is that cable viewership is going down and they're
Speaker 3: separating the businesses.
Speaker 4: I mean it's pretty wild. If you've been following this
Speaker 4: story over the last fifteen years or so, I mean
Speaker 4: this is this was such a big deal. Yeah, yeah,
Speaker 4: when they bought those assets and now I mean the
Speaker 4: unbundling of it, the unraveling of it is. It just
Speaker 4: says so much about where we are in today's media.
Speaker 4: Ecosys Media.
Speaker 1: There was also a period go all the way back
Speaker 1: to General Electric, right, and it was kind of a
Speaker 1: star too of their universe or one of the aspects
Speaker 1: where you were making a lot of money off of cable.
Speaker 1: It's so interesting that this past weekend we were like,
Speaker 1: is it time to just get rid of cable completely
Speaker 1: and go to like YouTube TV?
Speaker 4: And even I know, we pay so much more than
Speaker 4: we would pay if we just had cable for all
Speaker 4: of these streaming services.
Speaker 1: And by the way, it's a bundle.
Speaker 4: They're getting very good at making so you can't actually share.
Speaker 3: Yes, they're getting very used to share a little.
Speaker 1: It's hardhart real quickly. Twenty five seconds on road Block.
Speaker 3: Roadbooks shares are up fifteen percent. We had an upgrade
Speaker 3: from a RATI. It's from neutral to buy. That company
Speaker 3: has been under so much pressure down forty one percent today.
Speaker 3: Some optimism. They set two hundred twenty twenty seven. Bookings
Speaker 3: come in five percent ahead consensus that company has a
Speaker 3: lot of lawsuits and issues going on, so definitely pretty
Speaker 3: dark topics happening there, and the company is having a
Speaker 3: tough here and a good day today.
Speaker 2: The Stock Mover's Report from Bloomberg Radio. Check back with
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