Speaker 1: Bloomberg Audio Studios, podcasts, radio News, The.
Speaker 2: Stock Movers Report, your roundup of companies making moves in
Speaker 2: the stock market, harnessing the power of Bloomberg Data.
Speaker 1: Let's get to some stocks on the move on this
Speaker 1: Monday with us is Bloomberg News process a reporter Danita Sikova.
Speaker 3: When stock we've been all talking about ticker WBD.
Speaker 4: Yes, let's talk about the future of Hollywood. The battle
Speaker 4: is heating up. Paramount Skai Dance launch a hostile takeover
Speaker 4: bit It's thirty dollars a share.
Speaker 3: So the math here is very complicated.
Speaker 4: But this is obviously just days after the company agreed
Speaker 4: to deal with Netflix. There are quite a few headlines
Speaker 4: going through a terminal all day. The latest one is
Speaker 4: Netflix Coco saying he's extremely confident it will close the
Speaker 4: Warner deal.
Speaker 3: Of course, way a media executive confident.
Speaker 4: Of course, Well, they say, to be honest, it didn't
Speaker 4: move the price obviously. Paramount Skidance is up seven percent,
Speaker 4: more than seven percent today.
Speaker 3: The ticker is bs KY.
Speaker 4: Warner brought secrets that will be d up four point
Speaker 4: five percent, and Netflix is down today nearly four percent.
Speaker 3: So clearly investors are picking right now this is this
Speaker 3: is something that I've noticed.
Speaker 1: It's odd when Netflix bid, and when it looks like
Speaker 1: Netflix can win, their shares fall when Paramount comes over
Speaker 1: the hostel takeover bid, it looks like they might win it.
Speaker 3: Their share sore. What's fascinating. They've been penalized both days.
Speaker 3: I don't know.
Speaker 4: Maybe between the close you actually close to the investor
Speaker 4: got excited about the d and now certainly they're penalizing.
Speaker 3: But there is about debt for Netflix. I mean, they
Speaker 3: never I guess, so ballenge I guess. So maybe it's
Speaker 3: something they don't need.
Speaker 4: But as we said, the initial reaction was negative for Netflix.
Speaker 3: That's it.
Speaker 4: Paramount is up, Warner Bros. Is up, and the only
Speaker 4: loser of the situation seems to be netflixing.
Speaker 1: You know it is not down with any of this,
Speaker 1: Senator Elizabeth Warren. Yes, not have she said that a
Speaker 1: Netflix Warner Brothers proposed deal. She called that a nightmare
Speaker 1: at the end of last week, and today she says
Speaker 1: a Paramount skidiance bit is a five alarm anti trust fire.
Speaker 3: Yeah, she doesn't like it.
Speaker 4: Well, we'll have to see what it means for consumers.
Speaker 3: Right for sure. There is also a five billion termination fee,
Speaker 3: so both of.
Speaker 1: Them, five eight billion from Netflix and five billion from
Speaker 1: very complicated Take it, take.
Speaker 3: The money, the money. Where do you want to go next?
Speaker 4: Let's go to Test, so much simpler, storry, more constantly lowered.
Speaker 4: It's a target, their equivalent, it's the equivalent of a whole.
Speaker 4: This is the first time it happens since June twenty
Speaker 4: twenty three. What they're saying is even Musk is transforming Test,
Speaker 4: so it's all about robotics artificial intelligence. But this is
Speaker 4: fully priced and Test ways down on the news. Ticker,
Speaker 4: of course, is TSLA, a big change from Morgan Stanley
Speaker 4: Test what shares a trait at about two hundred and
Speaker 4: ten times projected earnings over the next year. The only
Speaker 4: stock that trades higher Werner Brothers, So Test for shares
Speaker 4: have largely shook off the year one pp five hundred. Yeah,
Speaker 4: the average price Secker is about three hundred and eighty
Speaker 4: eight doors Morgan State is actually higher. It still implies
Speaker 4: the six percent decline from here, but definitely not a
Speaker 4: two berriche take. The stock is up ten percent this year,
Speaker 4: which is not a bad but compared to the years
Speaker 4: we saw it was up sixty three twenty twenty four,
Speaker 4: one hundred percent in twenty twenty three. So it's definitely
Speaker 4: not rewarding this high growth company that investors were super
Speaker 4: excited about. And of course we've seen a big shrug
Speaker 4: in slides, a big shrug in profits this year, so
Speaker 4: that's has been a big part of it.
Speaker 1: Can I just remind everyone that Toyota, a second castle
Speaker 1: of Toyota, is the biggest car maker in the world
Speaker 1: by market cap. They have a market cap of three
Speaker 1: hundred and ten billion dollars. The next biggest is Mercedes Benz.
Speaker 1: Mercedes and General Motors are neck and neck at seventy
Speaker 1: billion dollars.
Speaker 3: Ford is worth fifty two billion dollars.
Speaker 1: I mean, if you take every single car maker in
Speaker 1: the entire world, you don't even get to half of
Speaker 1: Tesla's market cap at the ones.
Speaker 3: That making dollars. That's somebody who follows the car industry.
Speaker 1: Well, it definitely tells me that nobody on earth is
Speaker 1: valuing Tesla as a car maker. So we make so
Speaker 1: much of a big deal about whether or not they're
Speaker 1: going to meet deliveries or not. You know, how much
Speaker 1: they make on the car business does not matter.
Speaker 2: At all.
Speaker 3: No, it doesn't. It never actually has right in terms
Speaker 3: of what this company is about. I mean, I don't
Speaker 3: even want to look at h valuations and stuff. Hey,
Speaker 3: let's get to MSTR strategy.
Speaker 4: Yeah, that's another company where clearly it's not about the
Speaker 4: fundamental strategy. Ink shares are up today after a very
Speaker 4: big sale off. The digital asset treasury company said it
Speaker 4: built more bitcoin one billion worth of bitcoin at the
Speaker 4: start of December, the largest acquisition since July. The tickers MSTR.
Speaker 4: The stock is down sixty percent from its peaking in October.
Speaker 4: Really tough period. Just to give you an example, investors
Speaker 4: were really happy to pay premium. They were paying two
Speaker 4: point five times premium for its bitcoin holdings, and that
Speaker 4: premium has almost disappeared. It's about one point one now.
Speaker 4: But at some point they were saying that they will
Speaker 4: start selling. But we're seeing the opposite trend. They're buying
Speaker 4: more more bitcoin despite that premium.
Speaker 3: Sharp. Please, is it not just creating demand for your
Speaker 3: own product? I guess so. I guess it stops working, right,
Speaker 3: this is the pond point. It starts working.
Speaker 4: Although they have created the reserve that's one point four billion.
Speaker 4: But unless they are sawing on the store counterfeital are
Speaker 4: could their price starreat by fifty last week.
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Speaker 1: Mm hmm.