1 00:00:02,520 --> 00:00:09,960 Speaker 1: Bloomberg Audio Studios, podcasts, radio news, The Stock Movers Report, 2 00:00:10,280 --> 00:00:13,440 Speaker 1: your roundup of companies making moves in the stock market, 3 00:00:13,680 --> 00:00:17,520 Speaker 1: harnessing the power of Bloomberg Data. Let's take a look 4 00:00:17,560 --> 00:00:20,400 Speaker 1: at some stocks on the move today. I'm Tom Keen 5 00:00:20,520 --> 00:00:25,760 Speaker 1: and Bloomberg's Lisa Matteo, Lisabel Mateo, lisabell I love it. 6 00:00:26,520 --> 00:00:31,360 Speaker 2: Let's start with Tesla. Ticker TSLA, so yesterday right to 7 00:00:31,440 --> 00:00:33,479 Speaker 2: share surge higher, right, but now they're starting to pair 8 00:00:33,560 --> 00:00:37,040 Speaker 2: those earlier gains. Shares are up just over one percent. 9 00:00:37,520 --> 00:00:40,440 Speaker 2: The reason why is because auto safety regulators they open 10 00:00:40,479 --> 00:00:43,720 Speaker 2: this investigation into the company. Right, it's the electric door 11 00:00:43,840 --> 00:00:47,879 Speaker 2: handles certain MODEWI vehicles. They could trap people inside when 12 00:00:47,880 --> 00:00:49,919 Speaker 2: they lose power, and it's a serious issue. They're talking 13 00:00:49,920 --> 00:00:52,840 Speaker 2: about incidents like children. There's reports of children being trapped 14 00:00:52,840 --> 00:00:55,960 Speaker 2: inside the cars when they lose power. So regularly just 15 00:00:55,960 --> 00:00:58,920 Speaker 2: saying due to those issues with certain MODEWI vehicles, low 16 00:00:59,240 --> 00:01:03,160 Speaker 2: voltage batter so that's the issue. Investigation is about one 17 00:01:03,240 --> 00:01:07,200 Speaker 2: hundred and seventy five thousand SUVs. But that investigation could widen, 18 00:01:07,280 --> 00:01:09,679 Speaker 2: that's what they're saying. But it just comes, you know, 19 00:01:10,000 --> 00:01:12,360 Speaker 2: just days after Bloomberg put out the story and did 20 00:01:12,360 --> 00:01:16,240 Speaker 2: the investigation on this very issue, incidents where people were injured, 21 00:01:16,480 --> 00:01:19,240 Speaker 2: people died because they were unable to open those doors 22 00:01:19,240 --> 00:01:21,800 Speaker 2: when the power is lost. Particularly this happens a lot 23 00:01:21,840 --> 00:01:25,160 Speaker 2: after crosses, So a very serious issue. So now yesterday 24 00:01:25,200 --> 00:01:28,200 Speaker 2: that surge starts to pair down just a bit to. 25 00:01:28,200 --> 00:01:28,679 Speaker 1: Say it's up. 26 00:01:28,920 --> 00:01:31,480 Speaker 2: I mean he bought I did not realize this. He 27 00:01:31,520 --> 00:01:37,959 Speaker 2: bought about one billion, correct, And that's why it serves yes, yes, thanks, 28 00:01:38,400 --> 00:01:42,400 Speaker 2: We'll go to Oracle articular RCL. Their shares a bit 29 00:01:42,480 --> 00:01:44,759 Speaker 2: up as much as five percent. This basically all comes 30 00:01:44,800 --> 00:01:47,720 Speaker 2: down to TikTok. The reason for this. Yesterday you remember 31 00:01:47,760 --> 00:01:50,600 Speaker 2: Treasury Secretary Scott Betsen, right, he said that there was 32 00:01:50,640 --> 00:01:53,440 Speaker 2: this framework to keep TikTok running in the US, that 33 00:01:53,520 --> 00:01:56,760 Speaker 2: it had been reached. So CBS is saying that Oracle 34 00:01:57,000 --> 00:01:59,559 Speaker 2: is actually among a group of companies that will allow 35 00:01:59,640 --> 00:02:02,720 Speaker 2: TikTok to continue operating in the US if that framework 36 00:02:02,760 --> 00:02:05,800 Speaker 2: of that deal is finalized. They say, the structure of 37 00:02:05,840 --> 00:02:09,000 Speaker 2: the deal not clear, but they're going to include multiple companies, 38 00:02:09,080 --> 00:02:11,920 Speaker 2: not clear what level involvement Chinese firms we'll have in 39 00:02:11,919 --> 00:02:15,480 Speaker 2: the deal. This is from CBS, but Oracle and TikTok 40 00:02:15,520 --> 00:02:17,560 Speaker 2: have not commented. But that's the whole reason why these 41 00:02:17,600 --> 00:02:20,920 Speaker 2: Oracle shares are rising a bit higher this morning. And 42 00:02:20,960 --> 00:02:24,400 Speaker 2: then we take you to Dave and Busters. It's ticker play. 43 00:02:24,560 --> 00:02:25,040 Speaker 2: I love that. 44 00:02:25,520 --> 00:02:26,040 Speaker 1: Here we go. 45 00:02:26,120 --> 00:02:29,000 Speaker 2: Have you been to one? I hadn't been to a 46 00:02:29,080 --> 00:02:29,839 Speaker 2: d Highbusters. 47 00:02:30,080 --> 00:02:31,440 Speaker 1: I honestly didn't know what it was. 48 00:02:31,520 --> 00:02:34,000 Speaker 2: I had some research. Its you just sent in your stuff. 49 00:02:34,160 --> 00:02:36,000 Speaker 2: You come in with a with a big of a 50 00:02:36,000 --> 00:02:38,680 Speaker 2: headache because it's it's restaurant. But it's a lot of games, right. 51 00:02:38,760 --> 00:02:41,120 Speaker 2: The kids love because there's video games and all kind 52 00:02:41,160 --> 00:02:42,560 Speaker 2: of games if you want to do you know, what's 53 00:02:42,600 --> 00:02:45,440 Speaker 2: at ski ball or anything like that. Their shares have 54 00:02:45,480 --> 00:02:48,480 Speaker 2: been down as much as fifteen percent, so the reason 55 00:02:48,520 --> 00:02:51,400 Speaker 2: why it reported adjusted earnings per share. Revenue for the 56 00:02:51,440 --> 00:02:55,520 Speaker 2: second quarter came in below estimates, so investors didn't like that. 57 00:02:56,639 --> 00:02:59,800 Speaker 2: The company opened three new locations in the quarter. They 58 00:02:59,840 --> 00:03:01,760 Speaker 2: say they're going to expect to open a least five 59 00:03:01,880 --> 00:03:04,840 Speaker 2: more over the next six months, but they just weren't 60 00:03:04,840 --> 00:03:07,160 Speaker 2: happy that they just didn't meet kind of those estimates 61 00:03:07,160 --> 00:03:07,800 Speaker 2: and it fell below. 62 00:03:07,919 --> 00:03:11,040 Speaker 1: They got Margs for five dollars. 63 00:03:10,280 --> 00:03:16,760 Speaker 2: Marks really Margarita, Lisa, you and I didn't know right 64 00:03:16,800 --> 00:03:18,440 Speaker 2: on top of me. I just google that they have 65 00:03:18,480 --> 00:03:22,359 Speaker 2: a Midtown Manhattan. Yeah really, no, that's really I don't 66 00:03:22,360 --> 00:03:25,960 Speaker 2: think you can find five dollars Margaritas in midtown Manhattan. 67 00:03:26,639 --> 00:03:30,440 Speaker 1: No, but well this is the Widow. 68 00:03:30,919 --> 00:03:35,120 Speaker 2: Let's go. They got a Brecky smash burger. Oh yeah, 69 00:03:35,160 --> 00:03:37,080 Speaker 2: it's it's a it's a good time. Like if you 70 00:03:37,120 --> 00:03:39,280 Speaker 2: want to go and just but you do. It's it's 71 00:03:39,280 --> 00:03:41,360 Speaker 2: a lot. It's a headache. You come out of their 72 00:03:41,600 --> 00:03:44,760 Speaker 2: head pounding sometimes, but it's a lot of fun. I 73 00:03:44,880 --> 00:03:47,520 Speaker 2: want to end off swe more Yes, one more Webtoon 74 00:03:47,720 --> 00:03:51,240 Speaker 2: Entertainment wbt N because their share has been up as 75 00:03:51,320 --> 00:03:54,560 Speaker 2: much as forty seven percent. It's all things to Walt Disney. 76 00:03:54,560 --> 00:03:56,560 Speaker 2: They're they're bringing a lot of their marquee comics to 77 00:03:56,600 --> 00:03:59,960 Speaker 2: this new digital platform and app. They planned to ak 78 00:04:00,000 --> 00:04:03,080 Speaker 2: WHI are two percent equities interests in the company. So 79 00:04:03,160 --> 00:04:06,840 Speaker 2: now you have thirty five thousand comics from Disney, Marvel, 80 00:04:06,960 --> 00:04:10,360 Speaker 2: Star Wars, twentieth Century franchises. They'll be available now on 81 00:04:10,400 --> 00:04:13,720 Speaker 2: this single subscription. So it's an expansion. They used to 82 00:04:13,720 --> 00:04:16,200 Speaker 2: have Marvel Unlimited. It was about ten bucks a month 83 00:04:16,560 --> 00:04:19,400 Speaker 2: offered access to about thirty thousand comics. So now this 84 00:04:19,480 --> 00:04:22,480 Speaker 2: has expanded Disney Plus subscribers it can get access to 85 00:04:22,560 --> 00:04:25,080 Speaker 2: certain selection, but it's a big, big boost for US 86 00:04:25,120 --> 00:04:26,600 Speaker 2: for webtoon entertainment. 87 00:04:27,160 --> 00:04:31,160 Speaker 1: The Stock Movers Report from Bloomberg Radio. Check back with 88 00:04:31,240 --> 00:04:33,840 Speaker 1: us throughout the day for the latest roundup of companies 89 00:04:33,920 --> 00:04:37,000 Speaker 1: making news on Wall Street and for the latest market 90 00:04:37,040 --> 00:04:41,520 Speaker 1: moving headlines. Listen to Bloomberg Radio Live, catch us on YouTube, 91 00:04:41,600 --> 00:04:45,080 Speaker 1: Bloomberg dot com, and on Applecarplay and Android Auto with 92 00:04:45,160 --> 00:04:46,640 Speaker 1: the Bloomberg Business app.